Federated Investors, Inc. (NYSE:FII) announced a quarterly dividend on Thursday, October 26th, RTT News reports. Investors of record on Wednesday, November 8th will be paid a dividend of 0.25 per share by the asset manager on Wednesday, November 15th. This represents a $1.00 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Tuesday, November 7th.
Federated Investors has raised its dividend payment by an average of 0.7% annually over the last three years. Federated Investors has a payout ratio of 46.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Federated Investors to earn $2.19 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 45.7%.
Federated Investors (NYSE FII) traded up $0.14 during trading hours on Friday, reaching $30.69. 341,400 shares of the company’s stock were exchanged, compared to its average volume of 718,725. The company has a current ratio of 3.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3,082.56, a PE ratio of 14.55, a P/E/G ratio of 2.83 and a beta of 1.56. Federated Investors has a one year low of $24.93 and a one year high of $31.82.
Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The company had revenue of $278.32 million during the quarter, compared to analysts’ expectations of $278.51 million. During the same period in the prior year, the company posted $0.54 EPS. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. analysts predict that Federated Investors will post 2.13 earnings per share for the current year.
In related news, VP John B. Fisher sold 6,460 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the transaction, the vice president now owns 508,445 shares in the company, valued at $16,010,933.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 7,776 shares of company stock worth $244,827 in the last quarter. Company insiders own 7.10% of the company’s stock.
FII has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Monday, October 2nd. BidaskClub cut shares of Federated Investors from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Deutsche Bank AG initiated coverage on shares of Federated Investors in a report on Tuesday, October 17th. They issued a “hold” rating and a $31.00 target price on the stock. Argus cut shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and issued a $31.00 target price on shares of Federated Investors in a report on Wednesday, November 1st. Three equities 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 stock currently has a consensus rating of “Hold” and an average target price of $28.75.
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Federated Investors Company Profile
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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