Federated Investors (FII) Tops Q1 EPS by 1c
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April 28, 2016 4:11 PM EDT
PITTSBURGH, April 28, 2016 /PRNewswire/ --Â Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today reported earnings per diluted share (EPS) of $0.44 for Q1 2016, up 26 percent from $0.35 for the same quarter last year on net income of $45.3 million for Q1 2016, compared to $36.3 million for Q1 2015.
Federated's total managed assets were $369.7 billion at March 31, 2016. Total managed assets were up $13.9 billion or 4 percent from $355.8 billion at March 31, 2015 and up $8.6 billion or 2 percent from $361.1 billion at Dec. 31, 2015. All asset classes increased in Q1 2016 compared to Q4 2015. Average managed assets for Q1 2016 were $363.9... More
