Federated Investors (FII) Tops Q3 EPS by 7c

Federated Investors (NYSE: FII) reported Q3 EPS of $0.72, $0.07 better than the analyst estimate of $0.65.

Federated's total managed assets were a record $527.2 billion at Sept. 30, 2019, up $90.0 billion or 21% from $437.2 billion at Sept. 30, 2018 and up $25.0 billion or 5% from $502.2 billion at June 30, 2019. Total average managed assets for Q3 2019 were $518.0 billion, up $84.1 billion or 19% from $433.9 billion reported for Q3 2018 and up $24.7 billion or 5% from $493.3 billion reported for Q2 2019.

"As the Federal Reserve cut rates twice in the quarter, investors sought Federated's range of ultrashort products and other fixed-income strategies, and our liquidity management solutions approached record highs," said J. Christopher Donahue, president and chief executive officer. "Federated also continued to see interest in the growth-focused Federated Kaufmann Small Cap Fund, as well as a range of Hermes equity strategies."

For earnings history and earnings-related data on Federated Investors (FII) click here.

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