Insider Selling: Federated Investors, Inc. (FII) VP Sells 6,460 Shares of Stock
Federated Investors, Inc. (NYSE:FII) VP John B. Fisher sold 6,460 shares of Federated Investors stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the completion of the transaction, the vice president now owns 508,445 shares of the company’s stock, valued at approximately $16,010,933.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
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 traded hands, compared to its average volume of 775,886. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 15.14 and a beta of 1.56.
Federated Investors (NYSE:FII) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $278.32 million during the quarter, compared to analysts’ expectations of $278.51 million. During the same quarter in the prior year, the business 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Tuesday, November 7th. Federated Investors’s payout ratio is 47.62%.
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Institutional investors have recently modified their holdings of the company. Hourglass Capital LLC boosted its holdings in shares of Federated Investors by 1.8% in the 2nd quarter. Hourglass Capital LLC now owns 140,200 shares of the asset manager’s stock valued at $3,961,000 after buying an additional 2,500 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Federated Investors by 13.2% in the 2nd quarter. Bank of Montreal Can now owns 12,586 shares of the asset manager’s stock valued at $356,000 after buying an additional 1,463 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Federated Investors by 36.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 47,157 shares of the asset manager’s stock valued at $1,332,000 after buying an additional 12,563 shares in the last quarter. Covington Investment Advisors Inc. boosted its holdings in shares of Federated Investors by 1.4% in the 2nd quarter. Covington Investment Advisors Inc. now owns 85,650 shares of the asset manager’s stock valued at $2,420,000 after buying an additional 1,190 shares in the last quarter. Finally, Capstone Asset Management Co. acquired a new position in shares of Federated Investors in the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 83.27% of the company’s stock.
A number of research analysts recently weighed in on FII shares. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, September 12th. BidaskClub upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Royal Bank Of Canada set a $28.00 price target on shares of Federated Investors and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $30.00 price target (up previously from $29.00) on shares of Federated Investors in a report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target 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.
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