Federated Investors (FII) Tops Q1 EPS by 3c
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Federated Investors, Inc. Reports First Quarter 2017 Earnings
April 27, 2017 4:10 PM EDTPITTSBURGH, April 27, 2017 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today reported earnings per diluted share (EPS) of $0.49 for Q1 2017, compared to $0.44 for the same quarter last year on net income of $49.6 million for Q1 2017, compared to $45.4 million for Q1 2016.
Federated's total managed assets were $361.7 billion at March 31, 2017. Total managed assets were down $8.0 billion or 2 percent from $369.7 billion at March 31, 2016 and down $4.2 billion or 1 percent from $365.9 billion at Dec. 31, 2016. Lower money market assets were partially offset by higher equity and... More
