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Federated Investors Inc (FII) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

Federated Investors Inc

CIK: 1056288 Ticker: FII

Exhibit 99.1
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Federated Investors, Inc. Reports Third Quarter 2019 Earnings
Q3 2019 EPS of $0.72 compared to $0.59 for Q3 2018
Managed assets reach a record $527.2 billion
Board declares $0.27 per share quarterly dividend
(PITTSBURGH, Pa., Oct. 24, 2019) — Federated Investors, Inc. (NYSE: FII), a leading global investment manager, today reported earnings per diluted share (EPS) of $0.72 for Q3 2019, compared to $0.59 for the same quarter last year, on net income of $73.0 million for Q3 2019, compared to $59.6 million for Q3 2018. Federated reported YTD 2019 EPS of $1.88, compared to $1.57 for the same period in 2018, on YTD 2019 net income of $190.2 million, compared to $158.8 million for the same period in 2018. Federated's YTD 2018 results included a $27.2 million pre-tax net expense, representing $0.21 per diluted share net of tax, primarily related to two foreign currency forward derivative instruments (FX Forward Loss) entered into in connection with Federated's Q3 2018 acquisition of a majority interest in Hermes Fund Managers Limited (Hermes).
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."
Federated's board of directors declared a quarterly dividend of $0.27 per share. The dividend is payable on Nov. 15, 2019 to shareholders of record as of Nov. 8, 2019. During Q3 2019, Federated purchased 79,592 shares of Federated class B common stock for $1.9 million.
Federated's equity assets were $80.8 billion at Sept. 30, 2019, down $3.3 billion or 4% from $84.1 billion at Sept. 30, 2018 and down $1.2 billion or 1% from $82.0 billion at June 30, 2019. Top-selling equity funds during Q3 2019 on a net basis were Federated Kaufmann Small Cap Fund; Hermes Global Emerging Markets Fund; Hermes SDG Engagement Equity Fund; Hermes Global Equity ESG Fund; and Federated MDT Small Cap Growth Fund.
Federated's fixed-income assets were a record $65.8 billion at Sept. 30, 2019, up $0.4 billion or 1% from $65.4 billion at Sept. 30, 2018 and up $0.7 billion or 1% from $65.1 billion at June 30, 2019. Top-selling fixed-income funds during Q3 2019 on a net basis were Federated Bond Fund; Federated Municipal Ultrashort Fund; Federated Institutional High Yield Bond Fund; Hermes Global High Yield Credit Fund; and Federated Government Ultrashort Duration Fund.
Money market assets were $359.3 billion at Sept. 30, 2019, up $95.1 billion or 36% from $264.2 billion at Sept. 30, 2018 and up $26.2 billion or 8% from $333.1 billion at June 30, 2019. Money market fund assets were $261.2 billion at Sept. 30, 2019, up $78.2 billion or 43% from $183.0 billion at Sept. 30, 2018 and up $29.9 billion or 13% from $231.3 billion at June 30, 2019.

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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, October 25, 2019 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.

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Federated Investors Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
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
Accumulated Other Comprehensive Income (Loss) Attributable To Federated Investors, Inc. Shareholders
Accumulated Other Comprehensive Income (Loss) Attributable To Federated Investors, Inc. Shareholders (Details)
Accumulated Other Comprehensive Income (Loss) Attributable To Federated Investors, Inc. Shareholders (Tables)
Basis Of Presentation
Business Combinations
Business Combinations (Tables)
Business Combinations - Narrative (Details)
Business Combinations - Summary Of Final Purchase Price Allocation (Details)
Business Combinations - Summary Of Unaudited Pro Forma Financial Information (Details)
Commitments And Contingencies
Concentration Risk
Concentration Risk (Tables)
Concentration Risk - Narrative (Details)
Concentration Risk - Schedule Of Revenue Concentration (Details)
Concentration Risk - Schedule Of Revenue Concentration By Investment Strategy/Fund (Details)
Consolidation
Consolidation (Tables)
Consolidation - Consolidated Federated Fund Vies (Details)
Consolidation - Narrative (Details)
Debt
Debt (Details)
Derivatives
Derivatives (Details)
Earnings Per Share Attributable To Federated Investors, Inc. Shareholders
Earnings Per Share Attributable To Federated Investors, Inc. Shareholders (Details)
Earnings Per Share Attributable To Federated Investors, Inc. Shareholders (Tables)
Equity
Equity (Tables)
Equity - Activity For Class B Common Stock And Treasury Stock (Details)
Equity - Narrative (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)
Investments
Investments (Tables)
Investments - Gains And Losses Recognized In Gain (Loss) On Securities, Net (Details)
Investments - Narrative (Details)
Leases
Leases (Tables)
Leases - Narrative (Details)
Leases - Other Information Related To Operating Leases (Details)
Leases - Reconciliation Of Future Minimum Undiscounted Payments To Operating Lease Liabilities (Details)
Recent Accounting Pronouncements
Recent Accounting Pronouncements (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Disaggregation Of Revenue By Asset Class (Details)
Revenue From Contracts With Customers - Disaggregation Of Revenue By Geographic Market (Details)
Revenue From Contracts With Customers - Disaggregation Of Revenue By Performance Obligation (Details)
Revenue From Contracts With Customers - Disaggregation Of Revenue By Product Type (Details)
Revenue From Contracts With Customers - Future Fixed Revenue From Stewardship Services (Details)
Revenue From Contracts With Customers - Narrative (Details)
Share-Based Compensation Plans
Share-Based Compensation Plans (Details)
Significant Accounting Policies
Significant Accounting Policies (Policies)
Subsequent Events
Subsequent Events (Details)

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: 0001056288-19-000022
Submitted to the SEC: Fri Nov 01 2019 4:04:16 PM EST
Accepted by the SEC: Fri Nov 01 2019
Period: Monday, September 30, 2019
Industry: Investment Advice

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