Here's Why You Should Add Federated To Your Portfolio Now
Zacks Investment Research | Nov 07, 2019 09:10PM ET
With record equity assets of $80.8 billion and 22% year-over-year growth in earnings per share in the third quarter, Federated Investors, Inc. (NYSE:FII) can be a solid bet now. The company’s diversified asset and product mix, along with the continued acquisition of money-market assets amid volatile markets, is anticipated to yield upbeat results in the upcoming period.
Though Federated’s compliance-related fees continue to escalate, given the strictly regulated nature of investment management business, sharper focus on restructuring the product line and merging certain funds may make its growth path smoother.
With $527.2 billion in managed assets as of Sep 30, 2019, Federated is one such stock which not only trumped estimates during the September-end quarter, but has also been witnessing upward estimate revisions. This suggests analysts’ optimism about the company’s future prospects. Over the last 30 days, the Zacks Consensus Estimate for 2019 and 2020 moved up 3.2% and around 1%, respectively.
Additionally, shares of this Zacks Rank #2 (Buy) company have gained 5.5% in the past six months as against the 5.3% decline recorded by the Zacks Investment Research
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