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Federated Investors (NYSE:FII) Insider Richard A. Novak sold 381 shares of the stock on the open market in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $28.51, for a total transaction of $10,862.31. Following the completion of the sale, the insider now directly owns 38,663 shares in the company, valued at approximately $1,102,282. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Federated Investors (NYSE:FII) traded up 0.60% on Wednesday, hitting $28.61. 287,972 shares of the company’s stock traded hands. 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 P/E ratio of 19.75.

Federated Investors (NYSE:FII) last issued its quarterly earnings data 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. On average, analysts predict that Federated Investors will post $1.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Wednesday, August 6th.

A number of analysts have recently weighed in on FII shares. 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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Federated Investors presently has an average rating of “Hold” and an average price target of $27.83.

Federated Investors, Inc(NYSE:FII)is a provider of investment management products and related financial services.

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