Federated Investors Inc. (FII) Shares Gap Up to $31.56
Shares of Federated Investors Inc. (NYSE:FII) gapped up before the market opened 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.
FII has been the topic of a number of recent research reports. Credit Suisse Group AG set a $27.00 price target on shares of Federated Investors and gave the stock a “sell” rating in a research report on Sunday, July 31st. Keefe, Bruyette & Woods raised their price target on shares of Federated Investors from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, August 1st. Jefferies Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Federated Investors in a research report on Friday, July 29th. Zacks Investment Research raised shares of Federated Investors from a “sell” rating to a “hold” rating in a research report on Friday, July 1st. Finally, Sandler O’Neill raised their price target on shares of Federated Investors from $27.00 to $30.00 in a research report on Tuesday, April 12th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.50.
The stock has a market cap of $3.20 billion and a PE ratio of 17.65. The company’s 50-day moving average is $30.13 and its 200-day moving average is $29.01.
Federated Investors (NYSE:FII) last posted its earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. During the same quarter in the previous year, the company earned $0.40 EPS. The firm earned $286.74 million during the quarter, compared to the consensus estimate of $284.39 million. The business’s revenue was up 25.7% compared to the same quarter last year. On average, equities research analysts predict that Federated Investors Inc. will post $1.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 8th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, August 4th.
In related news, CFO Thomas R. Donahue sold 60,000 shares of the business’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $30.95, for a total value of $1,857,000.00. Following the transaction, the chief financial officer now directly owns 626,787 shares of the company’s stock, valued at approximately $19,399,057.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard A. Novak sold 2,200 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $30.98, for a total transaction of $68,156.00. Following the completion of the transaction, the insider now directly owns 41,571 shares in the company, valued at $1,287,869.58. The disclosure for this sale can be found here.
Other institutional investors recently modified their holdings of the company. California Public Employees Retirement System increased its position 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 worth $7,893,000 after buying an additional 1,300 shares during the period. Atlantic Trust Group LLC increased its position 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 worth $2,084,000 after buying an additional 11,045 shares during the period. Airain ltd bought a new position in shares of Federated Investors during the fourth quarter worth $2,570,000. Finally, UBS Oconnor LLC bought a new position in shares of Federated Investors during the fourth quarter worth $3,438,000.
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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