Federated Investors, Inc. (NYSE:FII) VP John B. Fisher sold 5,041 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $27.97, for a total transaction of $140,996.77. Following the completion of the transaction, the vice president now directly owns 514,905 shares in the company, valued at $14,401,892.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Federated Investors, Inc. (NYSE:FII) opened at 26.67 on Friday. The company has a market cap of $2.60 billion, a PE ratio of 12.70 and a beta of 1.42. Federated Investors, Inc. has a 1-year low of $24.52 and a 1-year high of $33.13. The company has a 50 day moving average of $28.42 and a 200 day moving average of $27.02.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. The firm had revenue of $272.80 million during the quarter, compared to the consensus estimate of $278.51 million. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The company’s revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. Equities analysts expect that Federated Investors, Inc. will post $2.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $1.00 annualized dividend and a yield of 3.75%. Federated Investors’s dividend payout ratio is currently 48.08%.
COPYRIGHT VIOLATION WARNING: “John B. Fisher Sells 5,041 Shares of Federated Investors, Inc. (NYSE:FII) Stock” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://stocknewstimes.com/2017/08/18/federated-investors-inc-nysefii-vp-sells-140996-77-in-stock-updated.html.
Several equities analysts have commented on FII shares. ValuEngine downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $27.00 price target on shares of Federated Investors in a research report on Thursday, August 3rd. Citigroup Inc. downgraded Federated Investors from a “neutral” rating to a “sell” rating and lowered their price target for the company from $26.00 to $24.00 in a research report on Monday, June 5th. Finally, Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.71.
Institutional investors have recently modified their holdings of the stock. Capital Management Corp VA purchased a new position in shares of Federated Investors during the first quarter valued at approximately $8,029,000. Glenview State Bank Trust DEPT. boosted its position in shares of Federated Investors by 4.8% in the first quarter. Glenview State Bank Trust DEPT. now owns 10,850 shares of the asset manager’s stock valued at $286,000 after buying an additional 500 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Federated Investors by 63.8% in the first quarter. Janney Montgomery Scott LLC now owns 73,494 shares of the asset manager’s stock valued at $1,936,000 after buying an additional 28,637 shares in the last quarter. First Quadrant L P CA boosted its position in shares of Federated Investors by 38.3% in the first quarter. First Quadrant L P CA now owns 502,396 shares of the asset manager’s stock valued at $13,233,000 after buying an additional 139,209 shares in the last quarter. Finally, Northwest Investment Counselors LLC boosted its position in shares of Federated Investors by 2.6% in the first quarter. Northwest Investment Counselors LLC now owns 58,440 shares of the asset manager’s stock valued at $1,539,000 after buying an additional 1,474 shares in the last quarter. 84.91% of the stock is owned by institutional investors.
Federated Investors Company Profile
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.
Receive News & Ratings for Federated Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
