Federated Investors Inc. Plans Quarterly Dividend of $0.25 (FII)
Federated Investors (NYSE:FII) announced a quarterly dividend on Thursday, October 24th, AmericanBankingNews.com reports. Stockholders of record on Friday, November 8th will be paid a dividend of $0.25 per share on Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.49%.
FII has been the subject of a number of recent research reports. Analysts at Citigroup Inc. downgraded shares of Federated Investors from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. On a related note, analysts at Credit Suisse reiterated a “sell” rating on shares of Federated Investors in a research note to investors on Tuesday, October 8th. They now have a $19.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Federated Investors from $21.50 to $24.00 in a research note to investors on Tuesday, October 8th. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $24.46.
Federated Investors (NYSE:FII) traded up 2.36% during mid-day trading on Thursday, hitting $28.67. 833,909 shares of the company’s stock traded hands. Federated Investors has a one year low of $18.28 and a one year high of $30.87. The stock has a 50-day moving average of $28.25 and a 200-day moving average of $26.38. The company has a market cap of $2.888 billion and a P/E ratio of 15.65.
Federated Investors (NYSE:FII) last released its earnings data on Thursday, October 24th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $211.86 million for the quarter, compared to the consensus estimate of $216.30 million. During the same quarter last year, the company posted $0.43 earnings per share. Federated Investors’s revenue was down 11.2% compared to the same quarter last year. On average, analysts predict that Federated Investors will post $1.57 earnings per share for the current fiscal year.
Federated Investors, Inc(NYSE:FII)is a provider of investment management products and related financial services.
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