Keefe, Bruyette Woods Reports Federated Investors Still Battling Headwinds

According to Keefe, Bruyette Woods, Federated Investors (NYSE: FII) still battling headwinds.

Keefe, Bruyette Woods said that reported EPS includes $0.11 expense related to an expected litigation settlement. “Excluding this charge, our initial take is a somewhat weaker quarter on lower core operating income and with mixed flow trends. Lower estimates and price target. Maintain Market Perform rating.”

Federated Investors closed yesterday at $25.78.