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Federated Investors (NYSE:FII) Insider Richard A. Novak sold 381 shares of Federated Investors stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $28.51, for a total transaction of $10,862.31. Following the sale, the insider now directly owns 38,663 shares of the company’s stock, valued at approximately $1,102,282. The sale was disclosed in a legal filing with the SEC, which is available at this link.

FII has been the subject of a number of recent research reports. 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $28.06.

Federated Investors (NYSE:FII) traded up 0.28% during mid-day trading on Friday, hitting $28.47. The stock had a trading volume of 34,858 shares. Federated Investors has a 52-week low of $25.50 and a 52-week high of $31.48. The stock’s 50-day moving average is $29.8 and its 200-day moving average is $28.73. The company has a market cap of $2.869 billion and a P/E ratio of 19.72.

Federated Investors (NYSE:FII) last announced its 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. 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 3.52%. The ex-dividend date is Wednesday, August 6th.

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

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