Federated Investors CFO Thomas R. Donahue Sells 60,000 Shares (FII)
Federated Investors (NYSE:FII) CFO Thomas R. Donahue sold 60,000 shares of Federated Investors stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $30.54, for a total value of $1,832,400.00. Following the sale, the chief financial officer now directly owns 615,831 shares in the company, valued at approximately $18,807,479. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Federated Investors (NYSE:FII) traded up 0.36% on Friday, hitting $30.69. 263,548 shares of the company’s stock traded hands. Federated Investors has a 1-year low of $25.50 and a 1-year high of $31.48. The stock’s 50-day moving average is $29.57 and its 200-day moving average is $29.00. The company has a market cap of $3.093 billion and a P/E ratio of 21.24.
Federated Investors (NYSE:FII) last announced its earnings results 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. Analysts expect that Federated Investors will post $1.44 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Federated Investors in a research note on Thursday, August 21st. They set a “buy” rating and a $35.00 price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.83.
Federated Investors, Inc(NYSE:FII)is a provider of investment management products and related financial services.
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