Federated Investors Inc. (FII) Shares Gap Up to $31.56
Shares of Federated Investors Inc. (NYSE:FII) gapped up prior to trading on Friday . The stock had previously closed at $31.36, but opened at $31.56. Federated Investors shares last traded at $32.08, with a volume of 209,165 shares changing hands.
A number of brokerages have issued reports on FII. Credit Suisse Group AG set a $27.00 target price on Federated Investors and gave the company a “sell” rating in a research report on Sunday, July 31st. Jefferies Group reissued a “buy” rating and issued a $33.00 target price on shares of Federated Investors in a research report on Friday, April 29th. JPMorgan Chase & Co. reissued a “sell” rating and issued a $25.00 target price (up previously from $24.00) on shares of Federated Investors in a research report on Thursday, April 7th. Keefe, Bruyette & Woods boosted their target price on Federated Investors from $33.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Zacks Investment Research lowered Federated Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.50.
The stock has a market capitalization of $3.20 billion and a PE ratio of 17.65. The company has a 50-day moving average price of $30.13 and a 200 day moving average price of $29.01.
Federated Investors (NYSE:FII) last announced its earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. During the same quarter last year, the business posted $0.40 EPS. The firm had revenue of $286.74 million for the quarter, compared to analyst estimates of $284.39 million. The firm’s revenue was up 25.7% compared to the same quarter last year. Analysts expect that Federated Investors Inc. will post $1.98 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, August 4th.
In other Federated Investors news, VP Paul A. Uhlman sold 1,083 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were 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 of the company’s stock, valued at $3,293,248.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard A. Novak sold 2,200 shares of the stock in a transaction that occurred on Tuesday, May 17th. The stock was 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 disclosure for this sale can be found here.
Other institutional investors recently bought and sold shares of the company. Principal Financial Group Inc. increased 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 worth $8,719,000 after buying an additional 7,918 shares in the last quarter. California Public Employees Retirement System increased its position in Federated Investors by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 275,500 shares of the company’s stock worth $7,893,000 after buying an additional 1,300 shares in the last quarter. Boston Partners increased its position in 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 in the last quarter. UBS Oconnor LLC bought a new position in Federated Investors during the fourth quarter worth $3,438,000. Finally, Airain ltd bought a new position in Federated Investors during the fourth quarter worth $2,570,000.
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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