Revenue Update on Federated Investors Inc(NYSE:FII)

Federated Investors Inc(NYSE:FII) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $286.74M. Analysts estimated a revenue of $285.27M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.48.

In a different note, On Jul 11, 2016, Jefferies said it Maintains its rating on Federated Investors Inc. In the research note, the firm Lowers the price-target to $36.00 per share. The shares have been rated ‘Buy’ by the firm.

Federated Investors Inc (FII) made into the market gainers list on Thursdays trading session with the shares advancing 0.32% or 0.1 points. Due to strong positive momentum, the stock ended at $31.56, which is also near the day’s high of $31.585. The stock began the session at $31.43 and the volume stood at 3,17,879 shares. The 52-week high of the shares is $34.53 and the 52 week low is $22.76. The company has a current market capitalization of $3,255 M and it has 10,31,22,637 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 28, 2016, Paul A Uhlman (Vice President) sold 1,083 shares at $27.30 per share price.Also, 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. Federated’s 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.

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