Federated Investors Inc (NYSE:FII) declared a quarterly dividend on Friday, October 26th, Wall Street Journal reports. Shareholders of record on Thursday, November 8th will be paid a dividend of 0.27 per share by the asset manager on Thursday, November 15th. This represents a $1.08 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Wednesday, November 7th.
Federated Investors has a dividend payout ratio of 47.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Federated Investors to earn $2.36 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 45.8%.
Shares of Federated Investors stock opened at $24.87 on Friday. Federated Investors has a 12-month low of $22.06 and a 12-month high of $36.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.58 and a quick ratio of 3.27. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 1.82 and a beta of 1.27.
In other Federated Investors news, Director Michael J. Farrell acquired 65,000 shares of the company’s stock in a transaction dated Monday, July 30th. The stock was acquired at an average cost of $24.12 per share, with a total value of $1,567,800.00. Following the purchase, the director now directly owns 38,150 shares in the company, valued at approximately $920,178. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.30% of the company’s stock.
A number of research analysts have issued reports on the stock. ValuEngine raised shares of Federated Investors from a “strong sell” rating to a “sell” rating in a report on Saturday. Zacks Investment Research raised shares of Federated Investors from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. JPMorgan Chase & Co. raised shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 target price for the company in a report on Monday, September 17th. Keefe, Bruyette & Woods reissued a “neutral” rating and set a $25.00 price objective on shares of Federated Investors in a research note on Sunday, July 29th. Finally, Royal Bank of Canada set a $28.00 price objective on shares of Federated Investors and gave the stock a “hold” rating in a research note on Friday, July 27th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.50.
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.
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