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MarketScreener Homepage  >  Equities  >  Nyse  >  Federated Investors, Inc.    FII

FEDERATED INVESTORS, INC.

(FII)
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Federated Investors : to Acquire Investment-Management Assets From PNC

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05/07/2019 | 08:33am EST

By Michael Dabaie

Federated Investors said it would acquire certain components of PNC Capital Advisors LLC's investment-management business from PNC Financial Services Group.

Federated will pay PNC an estimated total purchase price of $52 million when the transaction is completed, which is expected in the fourth quarter.

The proposed transaction includes the reorganization of PNC's liquidity, equity and fixed-income mutual funds into corresponding Federated mutual funds, the acquisition of a portion of PNC's separate account and separately managed account business, and the transition of a six-person international equity management team from PNC to Federated.

The deal includes about $9 billion in liquidity assets, $4.2 billion in equity assets and $700 million in fixed-income assets.

Write to Michael Dabaie at michael.dabaie@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
FEDERATED INVESTORS, INC. 0.06% 33.79 Delayed Quote.27.19%
PNC FINANCIAL SERVICES GROUP 1.75% 156.35 Delayed Quote.31.56%
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Financials (USD)
Sales 2019 1 317 M
EBIT 2019 338 M
Net income 2019 253 M
Finance 2019 4,49 M
Yield 2019 3,22%
P/E ratio 2019 13,2x
P/E ratio 2020 12,2x
EV / Sales2019 2,49x
EV / Sales2020 2,29x
Capitalization 3 282 M
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Technical analysis trends FEDERATED INVESTORS, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 34,00  $
Last Close Price 33,77  $
Spread / Highest target 24,4%
Spread / Average Target 0,68%
Spread / Lowest Target -11,2%
EPS Revisions
Managers
NameTitle
John Christopher Donahue Chairman, President & Chief Executive Officer
Thomas Robert Donahue Chief Financial Officer, Treasurer & Director
Michael J. Farrell Independent Director
John Basil Fisher Director & Vice President
Marie Milie Jones Independent Director
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