Federated Investors Inc. (FII) Declares $0.25 Quarterly Dividend

Federated Investors Inc. (NYSE:FII) announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Monday, August 8th will be paid a dividend of 0.25 per share on Monday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.18%.

In related news, 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 transaction of $1,857,000.00. Following the completion of the sale, the chief financial officer now directly owns 626,787 shares of the company’s stock, valued at $19,399,057.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $29,555.07. Following the sale, the vice president now directly owns 120,676 shares of the company’s stock, valued at $3,293,248.04. The disclosure for this sale can be found here.

Shares of Federated Investors (NYSE:FII) traded down 0.63% during midday trading on Thursday, reaching $31.41. The company had a trading volume of 452,277 shares. The company’s 50-day moving average is $29.95 and its 200-day moving average is $28.76. The firm has a market cap of $3.13 billion and a P/E ratio of 18.37. Federated Investors has a 52-week low of $22.76 and a 52-week high of $34.53.

Federated Investors (NYSE:FII) last released its earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. During the same period last year, the business posted $0.40 earnings per share. The firm earned $286.74 million during the quarter, compared to analyst estimates of $284.39 million. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. Equities research analysts expect that Federated Investors will post $1.91 EPS for the current fiscal year.

Several equities research analysts have recently commented on the company. Jefferies Group reaffirmed a “buy” rating and set a $33.00 target price on shares of Federated Investors in a report on Friday, April 29th. Zacks Investment Research downgraded Federated Investors from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $25.00 target price (up from $24.00) on shares of Federated Investors in a report on Thursday, April 7th. Finally, Sandler O’Neill upped their target price on Federated Investors from $27.00 to $30.00 in a report on Tuesday, April 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.29.

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.