Federated Investors (NYSE:FII) declared a quarterly dividend on Thursday, April 26th, RTT News reports. Investors of record on Tuesday, May 8th will be paid a dividend of 0.27 per share by the asset manager on Tuesday, May 15th. This represents a $1.08 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Monday, May 7th. This is an increase from Federated Investors’s previous quarterly dividend of $0.25.
Federated Investors has a dividend payout ratio of 46.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Federated Investors to earn $2.52 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 39.7%.
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Shares of FII stock opened at $25.35 on Friday. Federated Investors has a 12-month low of $24.64 and a 12-month high of $36.76. The company has a market capitalization of $2,571.63, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.43 and a quick ratio of 2.98.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, April 26th. The asset manager reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.05). Federated Investors had a return on equity of 32.55% and a net margin of 27.63%. The business had revenue of $263.85 million during the quarter, compared to the consensus estimate of $277.61 million. During the same period last year, the company earned $0.49 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. equities research analysts forecast that Federated Investors will post 2.4 EPS for the current fiscal year.
A number of equities analysts have issued reports on FII shares. Citigroup lowered Federated Investors from a “neutral” rating to a “sell” rating and decreased their price target for the company from $34.00 to $29.50 in a research note on Thursday, April 26th. JPMorgan Chase lowered Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price target for the company. in a research note on Monday, January 8th. Deutsche Bank increased their price target on Federated Investors from $32.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, April 6th. Jefferies Group reaffirmed a “hold” rating and set a $32.00 price target on shares of Federated Investors in a research note on Wednesday, April 11th. Finally, ValuEngine lowered Federated Investors from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.19.
In other news, Director Gordon J. Ceresino sold 4,487 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $34.20, for a total transaction of $153,455.40. Following the completion of the sale, the director now owns 194,221 shares in the company, valued at approximately $6,642,358.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter J. Germain sold 1,294 shares of the stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $34.27, for a total value of $44,345.38. Following the sale, the executive vice president now owns 75,473 shares of the company’s stock, valued at approximately $2,586,459.71. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,803 shares of company stock valued at $608,486. 5.30% of the stock is currently owned by corporate insiders.
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.