Insider Selling: Federated Investors VP Sells 512 Shares of Stock (FII)
Federated Investors (NYSE:FII) VP Thomas E. Territ unloaded 512 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $28.53, for a total value of $14,607.36. Following the completion of the sale, the vice president now directly owns 332,062 shares of the company’s stock, valued at approximately $9,473,729. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.06.
Shares of Federated Investors (NYSE:FII) traded down 0.07% on Friday, hitting $28.37. The stock had a trading volume of 24,237 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 $2.859 billion and a P/E ratio of 19.72.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter 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. Stockholders 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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