Federated Investors Inc /pa/ (FII): Richard A Novak , Principal Accounting Officer of Federated Investors Inc /pa/ sold 2,200 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $30.98 per share for a total value of $68,155.56 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Thomas R Donahue (VP, CFO & Treasurer) sold 60,000 shares at $30.95 per share price.On Mar 29, 2016, John B Fisher (Vice President) sold 12,396 shares at $28.18 per share price.Also, On Mar 29, 2016, Gordon J Ceresino (Exec. Dir., Int’l Dist.) sold 2,347 shares at $28.09 per share price.On Mar 8, 2016, Richard A Novak (Principal Accounting Officer) sold 131 shares at $28.31 per share price.
Shares of Federated Investors Inc (FII) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.34 points or -1.08% at $31.01 with 4,76,809 shares getting traded. Post opening the session at $31.23, the shares hit an intraday low of $30.67 and an intraday high of $31.45 and the price vacillated in this range throughout the day. The company has a market cap of $3,225 M and the number of outstanding shares has been calculated to be 10,39,84,987 shares. The 52-week high of Federated Investors Inc is $35.75 and the 52-week low is $22.76.
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. Federateds principal source of revenue is investment advisory fee income earned by various domestic subsidiaries of Federated pursuant to investment advisory contracts with the investment products. Federated provides investment advisory services to 131 Federated-sponsored funds (the Federated Funds). It markets these funds to banks brokers and dealers and other financial intermediaries who use them to meet the needs of their customers including retail investors corporations and retirement plans.