Traders Are Bullish Federated Investors, Inc. (FII) After The Stock Formed Double Top Chart Pattern

February 15, 2018 - By Clifton Ray

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.06, from 1.19 in 2017Q2. It is negative, as 24 investors sold Federated Investors, Inc. shares while 76 reduced holdings. 31 funds opened positions while 82 raised stakes. 79.48 million shares or 2.20% more from 77.77 million shares in 2017Q2 were reported.
Gemmer Asset Llc invested 0% in Federated Investors, Inc. (NYSE:FII). First Pacific Advsrs Ltd Com stated it has 0.07% in Federated Investors, Inc. (NYSE:FII). Ledyard Bank reported 178,504 shares. Geode Capital Ltd Liability holds 1.19M shares. Cypress Capital Management Ltd Com, Delaware-based fund reported 259,785 shares. Biondo Advsrs Limited Com owns 106,872 shares or 0.87% of their US portfolio. Winfield Assocs Inc accumulated 60 shares. Zebra Management Ltd Liability Corporation, a Connecticut-based fund reported 72,033 shares. City Tru Fl holds 64,689 shares or 0.71% of its portfolio. 21,495 are owned by Cornercap Inv Counsel Inc. Dekabank Deutsche Girozentrale reported 0.03% in Federated Investors, Inc. (NYSE:FII). Advisory Service Ntwk Lc reported 0.02% of its portfolio in Federated Investors, Inc. (NYSE:FII). Comerica State Bank reported 94,236 shares. Wedge Capital L Ltd Partnership Nc stated it has 15,501 shares. Stifel Finance Corporation stated it has 0% in Federated Investors, Inc. (NYSE:FII).

Since December 14, 2017, it had 0 insider buys, and 2 insider sales for $1.39 million activity. $347,895 worth of Federated Investors, Inc. (NYSE:FII) was sold by Germain Peter J on Tuesday, January 2.

The chart of Federated Investors, Inc. (FII) shows a double top with $34.78 target or 4.00 % above today’s $33.44 share price. The 6 months chart pattern indicates low risk for the $3.37B company. It was reported on Feb, 15 by Finviz.com. If the $34.78 price target is reached, the company will be worth $134.96M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.33% or $0.11 during the last trading session, reaching $33.44. About 539,762 shares traded. Federated Investors, Inc. (NYSE:FII) has declined 14.01% since February 15, 2017 and is downtrending. It has underperformed by 30.71% the S&P500.

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

Among 10 analysts covering Federated Investors (NYSE:FII), 0 have Buy rating, 4 Sell and 6 Hold. Therefore 0 are positive. Federated Investors had 39 analyst reports since July 28, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $2600 target in Wednesday, June 28 report. Jefferies maintained Federated Investors, Inc. (NYSE:FII) on Monday, September 25 with “Hold” rating. Deutsche Bank initiated Federated Investors, Inc. (NYSE:FII) rating on Tuesday, October 17. Deutsche Bank has “Hold” rating and $31.0 target. The firm earned “Neutral” rating on Thursday, May 25 by JP Morgan. The stock has “Hold” rating by RBC Capital Markets on Friday, December 15. Citigroup maintained the stock with “Sell” rating in Tuesday, October 31 report. Jefferies maintained the stock with “Hold” rating in Thursday, August 17 report. Citigroup downgraded the stock to “Sell” rating in Monday, June 5 report. The stock of Federated Investors, Inc. (NYSE:FII) has “Buy” rating given on Monday, October 26 by Argus Research. Wood maintained Federated Investors, Inc. (NYSE:FII) on Thursday, September 3 with “Market Perform” rating.

More recent Federated Investors, Inc. (NYSE:FII) news were published by: Nasdaq.com which released: “Federated Investors, Inc Reveals Rise In Q4 Earnings” on January 25, 2018. Also Prnewswire.com published the news titled: “Federated Investors, Inc. Reports Fourth Quarter and Full-Year 2017 Earnings” on January 25, 2018. Prnewswire.com‘s news article titled: “Month-End Portfolio Data Now Available for Federated Premier Municipal Income Fund” with publication date: February 15, 2018 was also an interesting one.

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