Federated Investors Inc (FII) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.44 EPS for the quarter. Analysts had a consensus estimate of $0.44. The company posted revenue of $272.10 million in the period, compared to analysts expectations of $260.75 million. The company’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on Federated Investors Inc. Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Underperform” and Lowered the Price Target to $ 25 from a previous price target of $28 .
Federated Investors Inc opened for trading at $31.83 and hit $32.32 on the upside on Wednesday, eventually ending the session at $32.21, with a gain of 1.19% or 0.38 points. The heightened volatility saw the trading volume jump to 6,41,843 shares. Company has a market cap of $3,345 M.
In a different news, on Mar 29, 2016, John B Fisher (Vice President) sold 12,396 shares at $28.18 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.
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.