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.
TRADEMARK VIOLATION WARNING: “Federated Investors, Inc. (FII) Insider Sells $74,790.00 in Stock” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://sportsperspectives.com/2017/07/18/federated-investors-inc-fii-insider-richard-a-novak-sells-2700-shares-of-stock-updated-updated.html.
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.
Receive News & Ratings for Federated Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.