Federated Investors Inc (NYSE:FII) VP Paul A. Uhlman sold 40,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $35.15, for a total transaction of $1,406,000.00. Following the completion of the sale, the vice president now owns 195,364 shares in the company, valued at approximately $6,867,044.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NYSE:FII opened at $33.99 on Friday. Federated Investors Inc has a 52 week low of $22.06 and a 52 week high of $35.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.23 and a quick ratio of 1.90. The firm has a fifty day moving average price of $33.16. The firm has a market cap of $3.52 billion, a P/E ratio of 14.22, a PEG ratio of 1.92 and a beta of 0.78.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $321.50 million for the quarter, compared to the consensus estimate of $317.81 million. Federated Investors had a net margin of 19.16% and a return on equity of 27.29%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. On average, equities research analysts predict that Federated Investors Inc will post 2.49 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of FII. Yorktown Management & Research Co Inc bought a new stake in Federated Investors during the 2nd quarter worth approximately $1,222,000. Capital City Trust Co. FL increased its stake in Federated Investors by 1.6% during the 2nd quarter. Capital City Trust Co. FL now owns 20,542 shares of the asset manager’s stock worth $668,000 after purchasing an additional 332 shares in the last quarter. Swiss National Bank increased its stake in Federated Investors by 2.4% during the 2nd quarter. Swiss National Bank now owns 178,117 shares of the asset manager’s stock worth $5,789,000 after purchasing an additional 4,100 shares in the last quarter. Occidental Asset Management LLC increased its stake in Federated Investors by 17.4% during the 2nd quarter. Occidental Asset Management LLC now owns 23,741 shares of the asset manager’s stock worth $772,000 after purchasing an additional 3,519 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in Federated Investors by 274.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 15,147 shares of the asset manager’s stock worth $492,000 after purchasing an additional 11,103 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
Several equities research analysts have recently commented on FII shares. JPMorgan Chase & Co. upgraded shares of Federated Investors from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $34.00 to $36.00 in a research note on Monday, June 10th. ValuEngine downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Citigroup boosted their target price on shares of Federated Investors from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Finally, Bank of America set a $28.00 target price on shares of Federated Investors and gave the company a “sell” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.71.
About Federated Investors
Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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