Federated Investors Inc. (FII) Shares Gap Down to $30.14
Federated Investors Inc. (NYSE:FII) shares 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 weighed in on FII. Jefferies Group reissued a “buy” rating and issued a $35.00 target price (down previously from $36.00) on shares of Federated Investors in a research note on Monday, July 11th. Zacks Investment Research raised shares of Federated Investors from a “sell” rating to a “hold” rating in a research note on Friday, July 1st. Sandler O’Neill boosted their target price on shares of Federated Investors from $27.00 to $30.00 in a research note on Tuesday, April 12th. Finally, 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 note on Thursday, April 7th. Two 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 stock. Federated Investors has an average rating of “Hold” and a consensus target price of $30.50.
The stock has a market capitalization of $3.08 billion and a price-to-earnings ratio of 18.07. The stock has a 50 day moving average price of $30.11 and a 200 day moving average price of $28.57.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, April 28th. The company reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. During the same period last year, the business posted $0.35 earnings per share. The firm earned $272.10 million during the quarter, compared to analyst estimates of $258.10 million. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. On average, equities analysts expect that Federated Investors Inc. will post $1.92 earnings per share for the current fiscal year.
In related news, VP Paul A. Uhlman sold 1,083 shares of Federated Investors stock in a transaction on Monday, June 27th. The stock was sold at an average price of $27.29, for a total transaction of $29,555.07. Following the completion of the sale, the vice president now directly owns 120,676 shares of the company’s stock, valued at $3,293,248.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas R. Donahue sold 60,000 shares of Federated Investors stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $30.95, for a total value of $1,857,000.00. Following the sale, the chief financial officer now directly owns 626,787 shares of the company’s stock, valued at $19,399,057.65. The disclosure for this sale can be found here.
Several large investors recently made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. boosted its stake 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. Atlantic Trust Group LLC boosted 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 worth $2,084,000 after buying an additional 11,045 shares during the period. Wharton Business Group LLC boosted its stake 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. UBS Oconnor LLC bought a new stake in shares of Federated Investors during the fourth quarter worth approximately $3,438,000. Finally, Retirement Systems of Alabama boosted its stake in shares of Federated Investors by 0.8% in the fourth quarter. Retirement Systems of Alabama now owns 121,728 shares of the company’s stock worth $3,488,000 after buying an additional 977 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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