Federated Investors Inc. (FII) Shares Gap Down to $30.14
Federated Investors Inc. (NYSE:FII)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $29.98, but opened at $30.14. Federated Investors shares last traded at $30.52, with a volume of 522,525 shares trading hands.
Several brokerages recently commented on FII. Sandler O’Neill increased their price objective on shares of Federated Investors from $27.00 to $30.00 in a research note on Tuesday, April 12th. Zacks Investment Research raised shares of Federated Investors from a “sell” rating to a “hold” rating in a research note on Friday, July 1st. JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $25.00 price target (up previously from $24.00) on shares of Federated Investors in a research note on Thursday, April 7th. Finally, Jefferies Group raised their price target on shares of Federated Investors to $33.00 in a research note on Tuesday, April 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.50.
The firm has a 50 day moving average of $30.15 and a 200-day moving average of $28.55. The stock has a market capitalization of $3.05 billion and a P/E ratio of 17.85.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, April 28th. The company reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. The business earned $272.10 million during the quarter, compared to analysts’ expectations of $258.10 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. On average, equities analysts anticipate that Federated Investors Inc. will post $1.92 EPS for the current year.
In related news, VP Paul A. Uhlman sold 1,083 shares of the stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $27.29, for a total transaction of $29,555.07. Following the sale, the vice president now directly owns 120,676 shares of the company’s stock, valued at approximately $3,293,248.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas R. Donahue sold 60,000 shares of the stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $30.95, for a total transaction of $1,857,000.00. Following the sale, the chief financial officer now directly owns 626,787 shares in the company, valued at $19,399,057.65. The disclosure for this sale can be found here.
Other hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its stake 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 valued at $3,574,000 after buying an additional 12,432 shares during the period. California Public Employees Retirement System increased its stake in shares of Federated Investors by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 275,500 shares of the company’s stock valued at $7,893,000 after buying an additional 1,300 shares during the period. UBS Oconnor LLC purchased a new stake in shares of Federated Investors during the fourth quarter valued at approximately $3,438,000. Dimensional Fund Advisors LP increased its stake in shares of Federated Investors by 21.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 953,664 shares of the company’s stock valued at $27,323,000 after buying an additional 166,923 shares during the period. Finally, Atlantic Trust Group LLC increased its stake in shares of Federated Investors by 17.9% in the fourth quarter. Atlantic Trust Group LLC now owns 72,740 shares of the company’s stock valued at $2,084,000 after buying an additional 11,045 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.