Federated Investors, Inc. (FII) EVP Sells $17,460.30 in Stock
Federated Investors, Inc. (NYSE:FII) EVP Peter J. Germain sold 555 shares of Federated Investors stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $31.46, for a total transaction of $17,460.30. Following the completion of the sale, the executive vice president now owns 58,641 shares of the company’s stock, valued at $1,844,845.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Federated Investors, Inc. (FII) traded up $0.31 during trading on Friday, reaching $31.55. 537,135 shares of the company’s stock traded hands, compared to its average volume of 775,886. The stock has a market capitalization of $3.21 billion, a P/E ratio of 15.14 and a beta of 1.56.
Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The firm had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. research analysts anticipate that Federated Investors, Inc. will post 2.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 3.17%. Federated Investors’s dividend payout ratio is presently 47.62%.
TRADEMARK VIOLATION NOTICE: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/11/03/federated-investors-inc-fii-evp-sells-17460-30-in-stock.html.
Several large investors have recently modified their holdings of FII. Bessemer Group Inc. acquired a new stake in shares of Federated Investors in the 3rd quarter valued at $126,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Federated Investors by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock valued at $127,000 after purchasing an additional 358 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Federated Investors by 9.4% in the 2nd quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after purchasing an additional 511 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Federated Investors in the 2nd quarter valued at $176,000. Finally, Advisor Group Inc. boosted its stake in shares of Federated Investors by 9.9% in the 2nd quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock valued at $177,000 after purchasing an additional 565 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.
A number of brokerages have recently weighed in on FII. Zacks Investment Research cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Monday. Citigroup Inc. boosted their price objective on shares of Federated Investors from $22.00 to $24.00 and gave the stock a “sell” rating in a research note on Tuesday. Keefe, Bruyette & Woods restated a “sell” rating and issued a $31.00 price objective on shares of Federated Investors in a research note on Wednesday. ValuEngine upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, BidaskClub cut shares of Federated Investors from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.75.
About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.
Receive News & Ratings for Federated Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.