Maintaning Hold Rating For FII Despite Increased EPS Estimates & Increased AUM

Federated Investors, Inc. FII EPS estimates have been increased as well as AUM however the stock is maintaining a Hold Rating because the money market backdrop continues to be an over hang according to Citi analysts. In a research note Citi writes, "Increasing F2010-12 EPS estimates from $1.49/$1.76/$1.97 to $1.52/$1.80/$2.02 on higher AUM + flows. Our 3Q estimate of $0.36 moves to $0.37, but $0.01 below FC consensus. We factor quarterly fee waivers of $11/12 million, consistent with management's prior guidance." FII closed yesterday at $23.13
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorAnalyst RatingsAsset Management & Custody BanksCitiFinancials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!