It Seems Federated Investors, Inc. (FII) Will Go Down. Formed A Few Months Bearish Double Bottom Chart Pattern

August 9, 2018 - By Robert Shackelford

Federated Investors, Inc. (NYSE:FII) Logo

Investors sentiment increased to 1.47 in Q1 2018. Its up 0.27, from 1.2 in 2017Q4. It improved, as 17 investors sold Federated Investors, Inc. shares while 85 reduced holdings. 51 funds opened positions while 99 raised stakes. 76.99 million shares or 0.29% more from 76.77 million shares in 2017Q4 were reported.
California Public Employees Retirement reported 0.01% stake. Us Retail Bank De stated it has 0% of its portfolio in Federated Investors, Inc. (NYSE:FII). Hsbc Plc invested in 0% or 16,914 shares. State Treasurer State Of Michigan accumulated 34,600 shares or 0.01% of the stock. Royal Comml Bank Of Canada has 0% invested in Federated Investors, Inc. (NYSE:FII) for 327,048 shares. Plante Moran Fincl Advsrs Ltd Liability Corporation owns 129 shares for 0% of their portfolio. Dupont Capital Mngmt has 0.08% invested in Federated Investors, Inc. (NYSE:FII) for 103,475 shares. California State Teachers Retirement Systems invested in 150,570 shares or 0.01% of the stock. Grantham Mayo Van Otterloo Commerce Limited Liability Corporation stated it has 0.03% in Federated Investors, Inc. (NYSE:FII). Ameritas Partners holds 0.14% or 88,074 shares in its portfolio. Origin Asset Mgmt Llp reported 13,101 shares or 0.03% of all its holdings. Hamilton Point Invest Advsr Limited Co reported 1.3% in Federated Investors, Inc. (NYSE:FII). Vident Invest Advisory Llc reported 0.14% of its portfolio in Federated Investors, Inc. (NYSE:FII). Millennium Management Ltd Liability Co reported 115,977 shares or 0.01% of all its holdings. Sg Americas Securities Limited Liability Corporation stated it has 0.01% of its portfolio in Federated Investors, Inc. (NYSE:FII).

Since March 6, 2018, it had 0 buys, and 7 insider sales for $705,358 activity. Another trade for 1,294 shares valued at $44,348 was made by Germain Peter J on Tuesday, March 6. Shares for $11,595 were sold by Novak Richard A on Tuesday, March 6. Van Meter Stephen sold $2,087 worth of stock or 61 shares. FISHER JOHN B had sold 11,683 shares worth $399,149 on Tuesday, March 6. 4,487 Federated Investors, Inc. (NYSE:FII) shares with value of $153,438 were sold by Ceresino Gordon J.

The chart of Federated Investors, Inc. (FII) shows a double bottom with $22.15 target or 5.00 % below today’s $23.32 share price. The 5 months chart pattern indicates high risk for the $2.35B company. It was reported on Aug, 9 by Finviz.com. If the $22.15 price target is reached, the company will be worth $117.50 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.51% or $0.12 during the last trading session, reaching $23.32. About 601,537 shares traded. Federated Investors, Inc. (NYSE:FII) has declined 6.37% since August 9, 2017 and is downtrending. It has underperformed by 18.94% the S&P500.

Analysts await Federated Investors, Inc. (NYSE:FII) to report earnings on October, 25. They expect $0.54 earnings per share, down 3.57 % or $0.02 from last year’s $0.56 per share. FII’s profit will be $54.42 million for 10.80 P/E if the $0.54 EPS becomes a reality. After $0.59 actual earnings per share reported by Federated Investors, Inc. for the previous quarter, Wall Street now forecasts -8.47 % negative EPS growth.

Federated Investors, Inc. (NYSE:FII) Ratings Coverage

Among 6 analysts covering Federated Investors (NYSE:FII), 0 have Buy rating, 2 Sell and 4 Hold. Therefore 0 are positive. Federated Investors has $34 highest and $25 lowest target. $30.90’s average target is 32.50% above currents $23.32 stock price. Federated Investors had 9 analyst reports since March 5, 2018 according to SRatingsIntel. The company was maintained on Tuesday, April 10 by Keefe Bruyette & Woods. The company was upgraded on Monday, March 5 by Citigroup. Keefe Bruyette & Woods upgraded the shares of FII in report on Monday, May 28 to “Hold” rating. The stock of Federated Investors, Inc. (NYSE:FII) has “Market Perform” rating given on Tuesday, May 29 by Wood. The firm has “Hold” rating by Deutsche Bank given on Friday, April 6. The company was maintained on Tuesday, May 1 by JP Morgan. The stock of Federated Investors, Inc. (NYSE:FII) earned “Hold” rating by Deutsche Bank on Tuesday, March 6. Citigroup downgraded Federated Investors, Inc. (NYSE:FII) on Thursday, April 26 to “Sell” rating. Jefferies maintained Federated Investors, Inc. (NYSE:FII) rating on Wednesday, April 11. Jefferies has “Hold” rating and $3200 target.

More recent Federated Investors, Inc. (NYSE:FII) news were published by: Bizjournals.com which released: “Federated Investors, International Islamic Trade Finance Corp. mark first joint initiative” on August 07, 2018. Also Nasdaq.com published the news titled: “New Research Coverage Highlights Federated Investors, SailPoint Technologies, Quidel, L3 Technologies, Pentair plc …” on July 31, 2018. Seekingalpha.com‘s news article titled: “Asset managers defended at Goldman” with publication date: August 02, 2018 was also an interesting one.

Federated Investors, Inc. is a publicly owned asset management holding company. The company has market cap of $2.35 billion. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. It has a 8.21 P/E ratio. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios.

Federated Investors, Inc. (NYSE:FII) Institutional Positions Chart

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