Last10K.com

Federated Investors Inc (FII) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

Federated Investors Inc

CIK: 1056288 Ticker: FII
Exhibit 99.1

image011a19.jpg

Federated Investors, Inc. Reports Second Quarter 2018 Earnings
Board declares $0.27 per share quarterly dividend
(PITTSBURGH, Pa., July 26, 2018) — Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today reported earnings per diluted share (EPS) of $0.38 and net income of $38.8 million for Q2 2018. Federated reported YTD 2018 EPS of $0.98 and net income of $99.2 million. Federated's Q2 2018 and YTD 2018 results include a $27.2 million pre-tax net expense, representing $0.21 per diluted share net of tax, primarily related to two derivative instruments entered into in connection with Federated's Q3 2018 acquisition of a 60 percent interest in Hermes Fund Managers Limited (Hermes). The expense was partially offset by a foreign exchange gain related to British pound sterling held at quarter end. In addition, Federated has incurred $1.3 million and $2.8 million for Q2 2018 and YTD 2018, respectively, in transaction-related costs directly attributable to the Hermes acquisition. For Q2 2017, Federated reported EPS of $0.53 and net income of $53.5 million. Federated's 2017 Q2 YTD results were $1.01 of EPS and $103.1 million of net income.
Federated's total managed assets were $379.7 billion at June 30, 2018, up $19.3 billion or 5 percent from $360.4 billion at June 30, 2017 and down $12.5 billion or 3 percent from $392.2 billion at March 31, 2018. Total average managed assets for Q2 2018 were $386.0 billion, up $26.0 billion or 7 percent from $360.0 billion reported for Q2 2017 and down $12.0 billion or 3 percent from $398.0 billion reported for Q1 2018.
"Equity fund net sales in the second quarter were led by Federated Kaufmann Small Cap Fund, which seeks to invest in great small companies that are capable of delivering exceptional new products and profitability over the long term," said J. Christopher Donahue, president and chief executive officer. "In fixed-income, investors sought a range of products, from shorter duration strategies to multisector funds, that offer various solutions for investing in a rising-rate environment."
Federated's board of directors declared a dividend of $0.27 per share. The dividend is payable on Aug. 15, 2018 to shareholders of record as of Aug. 8, 2018. During Q2 2018, Federated purchased 714,865 shares of Federated class B common stock for $17.2 million.
Federated's equity assets were $62.9 billion at June 30, 2018, down $2.9 billion or 4 percent from $65.8 billion at June 30, 2017 and down $1.1 billion or 2 percent from $64.0 billion at March 31, 2018. Top-selling equity funds during Q2 2018 on a net basis were Federated Kaufmann Small Cap Fund, Federated MDT Small Cap Core Fund, Federated MDT Small Cap Growth Fund, Federated International Leaders Fund and Federated MDT Mid Cap Growth Fund.
Federated's fixed-income assets were $61.5 billion at June 30, 2018, up $9.0 billion or 17 percent from $52.5 billion at June 30, 2017 and down $0.8 billion or 1 percent from $62.3 billion at March 31, 2018. Top-selling fixed-income funds during Q2 2018 on a net basis were Federated Sterling Cash Plus Fund, Federated Short-Term Income Fund, Federated Total Return Bond Fund, Federated Government Ultrashort Duration Fund and Federated Floating Rate Strategic Income Fund.
Money market assets were $255.2 billion at June 30, 2018, up $13.1 billion or 5 percent from $242.1 billion at June 30, 2017 and down $10.7 billion or 4 percent from $265.9 billion at March 31, 2018. Money market fund assets were $172.7 billion at June 30, 2018, down $0.6 billion from $173.3 billion at June 30, 2017 and down $9.7 billion or 5 percent from $182.4 billion at

MEDIA:
MEDIA:
ANALYSTS:
Ed Costello 412-288-7538
Meghan McAndrew 412-288-8103
Ray Hanley 412-288-1920

The following information was filed by Federated Investors Inc (FII) on Friday, July 27, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Federated Investors Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Federated Investors Inc.

Continue

Assess how Federated Investors Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Federated Investors Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Revenue
Financial
Legal
Other
Filter by Subcategory:
All
Geography
Expense
Product
Earnings
Shares / Equity
Cash Flow
Income
Other
Inside Federated Investors Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Basis Of Presentation
Business Combinations (Details)
Business Combinations (Notes)
Commitments And Contingencies
Commitments And Contingencies (Details)
Concentration Risk
Concentration Risk (Tables)
Concentration Risk Narrative (Details)
Concentration Risk Revenue Concentration Table (Details)
Concentration Risk Schedule Of Revenue Concentration (Details)
Consolidation
Consolidation Consolidated Federated Fund Vies (Details)
Consolidation Narrative (Details)
Debt
Debt (Tables)
Debt Debt Table (Details)
Debt Narrative (Details)
Derivatives (Notes)
Derivatives Narrative (Details)
Earnings Per Share Attributable To Federated Investors, Inc. Shareholders
Earnings Per Share Attributable To Federated Investors, Inc. Shareholders (Tables)
Earnings Per Share Attributable To Federated Investors, Inc. Shareholders Earnings Per Share Attributable To Federated Investors, Inc. Shareholders Computation Of Basic And Diluted Earnings Per Share (Details)
Equity
Equity (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements Classes Of Financial Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Fair Value Measurements Narrative (Details)
Income Taxes (Details)
Income Taxes (Notes)
Investments
Investments (Loss) Gain On Securities, Net Of Investment Income (Details)
Investments (Tables)
Investments Narrative (Details)
Recent Accounting Pronouncements Recent Accounting Pronouncements
Recent Accounting Pronouncements Recent Accounting Pronouncements Narrative (Details)
Revenue From Contracts With Customers (Details)
Revenue From Contracts With Customers (Notes)
Revenue From Contracts With Customers Revenue From Contracts With Customers - By Asset Class (Tables)
Revenue From Contracts With Customers Revenue From Contracts With Customers - By Geographic Location (Details)
Revenue From Contracts With Customers Revenue From Contracts With Customers - By Geographic Location (Tables)
Revenue From Contracts With Customers Revenue From Contracts With Customers - By Performance Obligation (Details)
Revenue From Contracts With Customers Revenue From Contracts With Customers - By Performance Obligation (Tables)
Revenue From Contracts With Customers Revenue From Contracts With Customers - By Product Type (Details)
Revenue From Contracts With Customers Revenue From Contracts With Customers - By Product Type (Tables)
Share-Based Compensation Plans
Share-Based Compensation Plans (Details)
Significant Accounting Policies
Significant Accounting Policies Summary Of Significant Accounting Policies (Policies)
Significant Accounting Policies Summary Of Significant Accounting Policies Narrative (Details)
Subsequent Events
Subsequent Events (Details)
Variable Interest Entities (Tables)

Material Contracts, Statements, Certifications & more

Federated Investors Inc provided additional information to their SEC Filing as exhibits

Ticker: FII
CIK: 1056288
Form Type: 10-Q Quarterly Report
Accession Number: 0001056288-18-000029
Submitted to the SEC: Fri Jul 27 2018 4:22:58 PM EST
Accepted by the SEC: Fri Jul 27 2018
Period: Saturday, June 30, 2018
Industry: Investment Advice

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/fii/0001056288-18-000029.htm