Federated Investors, Inc. (FII) Insider Sells $74,790.00 in Stock

Federated Investors, Inc. (NYSE:FII) insider Richard A. Novak sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $27.70, for a total transaction of $74,790.00. Following the sale, the insider now directly owns 44,741 shares in the company, valued at approximately $1,239,325.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Federated Investors, Inc. (NYSE FII) traded up 0.28% during trading on Tuesday, reaching $29.09. 46,437 shares of the company’s stock were exchanged. Federated Investors, Inc. has a 52 week low of $24.52 and a 52 week high of $33.13. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 13.98 and a beta of 1.41. The stock has a 50-day moving average price of $26.78 and a 200 day moving average price of $26.85.

Federated Investors (NYSE:FII) last announced its earnings results on Thursday, April 27th. The asset manager reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Federated Investors had a return on equity of 33.32% and a net margin of 18.62%. The business had revenue of $273.50 million during the quarter, compared to the consensus estimate of $290.19 million. During the same period in the prior year, the business posted $0.44 earnings per share. Federated Investors’s revenue was up .5% compared to the same quarter last year. Equities research analysts forecast that Federated Investors, Inc. will post $2.01 earnings per share for the current fiscal year.

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FII has been the topic of several recent research reports. Jefferies Group LLC raised shares of Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 price objective on the stock in a report on Friday, March 24th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Federated Investors in a research note on Tuesday, April 4th. Zacks Investment Research cut shares of Federated Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. J P Morgan Chase & Co upgraded shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 target price for the company in a research note on Thursday, May 25th. Finally, ValuEngine cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Federated Investors presently has an average rating of “Hold” and a consensus target price of $24.71.

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Federated Investors during the fourth quarter valued at about $783,000. Dimensional Fund Advisors LP increased its stake in shares of Federated Investors by 13.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,075,356 shares of the asset manager’s stock valued at $58,690,000 after buying an additional 252,406 shares in the last quarter. FMR LLC increased its stake in shares of Federated Investors by 1.6% in the fourth quarter. FMR LLC now owns 8,761,777 shares of the asset manager’s stock valued at $247,783,000 after buying an additional 140,613 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Federated Investors by 6.0% in the fourth quarter. New York State Teachers Retirement System now owns 157,849 shares of the asset manager’s stock valued at $4,464,000 after buying an additional 9,000 shares in the last quarter. Finally, Flinton Capital Management LLC acquired a new stake in shares of Federated Investors during the fourth quarter valued at about $125,000. 84.92% of the stock is owned by institutional investors and hedge funds.

About Federated Investors

Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It 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.

Insider Buying and Selling by Quarter for Federated Investors (NYSE:FII)

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