Federated Investors VP Thomas E. Territ Sells 512 Shares (FII)
Federated Investors (NYSE:FII) VP Thomas E. Territ sold 512 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $28.53, for a total value of $14,607.36. Following the sale, the vice president now directly owns 332,062 shares in the company, valued at approximately $9,473,729. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Federated Investors (NYSE:FII) traded up 0.60% on Wednesday, hitting $28.61. The stock had a trading volume of 287,972 shares. Federated Investors has a 52-week low of $25.50 and a 52-week high of $31.48. The stock has a 50-day moving average of $29.90 and a 200-day moving average of $28.7. The company has a market cap of $2.884 billion and a price-to-earnings ratio of 19.75.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.01. The company had revenue of $213.00 million for the quarter, compared to the consensus estimate of $213.13 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Analysts expect that Federated Investors will post $1.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 8th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Wednesday, August 6th.
A number of research firms have recently commented on FII. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Federated Investors in a research note on Monday, July 28th. They now have a $30.00 price target on the stock, down previously from $33.00. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Federated Investors from $30.00 to $28.00 in a research note on Monday, July 28th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Federated Investors from $30.00 to $38.00 in a research note on Monday, July 14th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Federated Investors currently has a consensus rating of “Hold” and a consensus target price of $27.83.
Federated Investors, Inc(NYSE:FII)is a provider of investment management products and related financial services.
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