Insider Selling: Federated Investors, Inc. (FII) CFO Sells 30,000 Shares of Stock
Federated Investors, Inc. (NYSE:FII) CFO Thomas R. Donahue sold 30,000 shares of Federated Investors stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $34.79, for a total transaction of $1,043,700.00. Following the transaction, the chief financial officer now owns 634,044 shares of the company’s stock, valued at $22,058,390.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Federated Investors, Inc. (FII) traded up $0.71 during trading on Friday, reaching $35.50. 2,214,100 shares of the company traded hands, compared to its average volume of 723,247. Federated Investors, Inc. has a 1-year low of $24.93 and a 1-year high of $35.68. The stock has a market capitalization of $3,508.43, a PE ratio of 16.56, a PEG ratio of 3.29 and a beta of 1.57. The company has a current ratio of 3.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The business had revenue of $278.32 million for the quarter, compared to analysts’ expectations of $278.51 million. During the same period in the previous year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. equities analysts predict that Federated Investors, Inc. will post 2.15 EPS for the current fiscal year.
A number of research analysts have recently issued reports on FII shares. Citigroup lifted their price objective on shares of Federated Investors from $22.00 to $24.00 and gave the company a “sell” rating in a report on Tuesday, October 31st. Royal Bank of Canada set a $29.00 price objective on shares of Federated Investors and gave the company a “hold” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, October 31st. ValuEngine upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Finally, Jefferies Group reiterated a “hold” rating and set a $30.00 price objective (up from $29.00) on shares of Federated Investors in a report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.75.
Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. purchased a new position in Federated Investors during the third quarter worth about $126,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Federated Investors by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock worth $127,000 after purchasing an additional 358 shares during the last quarter. Advisory Services Network LLC boosted its holdings in Federated Investors by 9.4% during the second quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock worth $169,000 after purchasing an additional 511 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Federated Investors in the second quarter valued at about $176,000. Finally, Advisor Group Inc. boosted its stake in Federated Investors by 9.9% in the second quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock valued at $177,000 after acquiring an additional 565 shares during the last quarter. Institutional investors and hedge funds own 85.61% of the company’s stock.
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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.
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