Federated Investors Inc. (NYSE:FII) gapped up prior to trading on Tuesday . The stock had previously closed at $29.01, but opened at $29.35. Federated Investors shares last traded at $29.98, with a volume of 178,886 shares trading hands.

Several research firms recently weighed in on FII. Sandler O’Neill increased their target price on shares of Federated Investors from $27.00 to $30.00 in a research note on Tuesday, April 12th. Zacks Investment Research upgraded shares of Federated Investors from a “sell” rating to a “hold” rating in a research note on Friday, July 1st. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $25.00 target price (up previously from $24.00) on shares of Federated Investors in a research note on Thursday, April 7th. Finally, Jefferies Group increased their target price on shares of Federated Investors to $33.00 in a research note on Tuesday, April 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.50.

The firm has a 50 day moving average of $30.27 and a 200-day moving average of $28.53. The stock has a market capitalization of $3.01 billion and a P/E ratio of 17.63.

Federated Investors (NYSE:FII) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $272.10 million for the quarter, compared to analyst estimates of $258.10 million. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, equities research analysts forecast that Federated Investors Inc. will post $1.92 EPS for the current year.

In other news, insider Richard A. Novak sold 2,200 shares of the business’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $30.98, for a total transaction of $68,156.00. Following the transaction, the insider now directly owns 41,571 shares in the company, valued at approximately $1,287,869.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul A. Uhlman sold 1,083 shares of the business’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $27.29, for a total transaction of $29,555.07. Following the transaction, the vice president now owns 120,676 shares in the company, valued at $3,293,248.04. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Federated Investors by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 304,320 shares of the company’s stock valued at $8,719,000 after buying an additional 7,918 shares in the last quarter. Wharton Business Group LLC raised its position in shares of Federated Investors by 647.7% in the fourth quarter. Wharton Business Group LLC now owns 111,820 shares of the company’s stock worth $3,204,000 after buying an additional 96,865 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Federated Investors by 11.1% in the fourth quarter. Ameritas Investment Partners Inc. now owns 124,787 shares of the company’s stock worth $3,574,000 after buying an additional 12,432 shares during the period. Liberty Mutual Group Asset Management Inc. raised its position in shares of Federated Investors by 51.2% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 61,369 shares of the company’s stock worth $1,760,000 after buying an additional 20,792 shares during the period. Finally, Boston Partners raised its position in shares of Federated Investors by 1.4% in the fourth quarter. Boston Partners now owns 159,200 shares of the company’s stock worth $4,561,000 after buying an additional 2,131 shares during the period.

Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. The Company 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, in both domestic and international markets.

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