Federated Investors Inc (FII) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.48. The company posted revenue of $286.74 million in the period, compared to analysts expectations of $287.00 million. The company’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Federated Investors Inc closed down -0.2 points or -0.63% at $31.41 with 4,51,312 shares getting traded on Thursday. Post opening the session at $31.49, the shares hit an intraday low of $31.24 and an intraday high of $31.68 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 28, 2016, Paul A Uhlman (Vice President) sold 1,083 shares at $27.30 per share price. According to the SEC, on May 18, 2016, Richard A Novak (Principal Accounting Officer) sold 2,200 shares at $30.98 per share price. On May 18, 2016, Thomas R Donahue (VP, CFO & Treasurer) sold 60,000 shares at $30.95 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.