Federated Investors, Inc. (FII) Insider Sells $23,941.06 in Stock
Federated Investors, Inc. (NYSE:FII) insider Richard A. Novak sold 761 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $31.46, for a total transaction of $23,941.06. Following the transaction, the insider now directly owns 43,719 shares of the company’s stock, valued at approximately $1,375,399.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Federated Investors, Inc. (NYSE FII) traded up $0.31 during midday trading on Friday, reaching $31.55. 537,135 shares of the company’s stock were exchanged, compared to its average volume of 775,886. The stock has a market cap of $3.21 billion, a P/E ratio of 15.14 and a beta of 1.56.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The company had revenue of $278.32 million for the quarter, compared to the consensus estimate of $278.51 million. During the same period last year, the firm posted $0.54 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. analysts predict that Federated Investors, Inc. will post 2.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be given a $0.25 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.17%. Federated Investors’s payout ratio is currently 47.62%.
Several brokerages recently commented on FII. Deutsche Bank AG began coverage on shares of Federated Investors in a research report on Tuesday, October 17th. They set a “hold” rating and a $31.00 price target for the company. Royal Bank Of Canada set a $28.00 price objective on shares of Federated Investors and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $31.00 price objective on shares of Federated Investors in a research report on Wednesday. Argus lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Zacks Investment Research lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $28.75.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Federated Investors by 15,254.4% in the 1st quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock worth $262,118,000 after buying an additional 9,886,553 shares during the last quarter. FMR LLC lifted its position in Federated Investors by 3.5% in the 2nd quarter. FMR LLC now owns 9,096,091 shares of the asset manager’s stock valued at $256,965,000 after purchasing an additional 304,322 shares during the last quarter. Vanguard Group Inc. lifted its position in Federated Investors by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 8,094,838 shares of the asset manager’s stock valued at $213,218,000 after purchasing an additional 135,042 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Federated Investors by 2.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,559,839 shares of the asset manager’s stock valued at $100,345,000 after purchasing an additional 86,778 shares during the last quarter. Finally, State Street Corp lifted its position in Federated Investors by 2.1% in the 2nd quarter. State Street Corp now owns 2,723,154 shares of the asset manager’s stock valued at $76,930,000 after purchasing an additional 56,121 shares during the last quarter. Institutional investors own 83.27% of the company’s stock.
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.
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