Federated Investors, Inc. (FII) Tops Q4 EPS by 1c

Federated Investors, Inc. (NYSE: FII) reported Q4 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $217.85 million versus the consensus estimate of $220.33 million.

Federated's total managed assets were $362.9 billion at Dec. 31, 2014, down $13.2 billion or 4 percent from $376.1 billion at Dec. 31, 2013 and up $10.6 billion or 3 percent from $352.3 billion at Sept. 30, 2014. Federated's equity and fixed-income assets were $104.1 billion at Dec. 31, 2014, up $9.8 billion or 10 percent from $94.3 billion at Dec. 31, 2013 and up $2.6 billion or 3 percent from $101.5 billion at Sept. 30, 2014. Assets in the liquidation portfolio were fully liquidated in Q4 2014. Liquidation portfolio assets were $5.9 billion at Dec. 31, 2013 and $5.2 billion at Sept. 30, 2014. Average managed assets for Q4 2014 were $351.9 billion, down $14.3 billion or 4 percent from $366.2 billion reported for Q4 2013 and up $2.7 billion or 1 percent from $349.2 billion reported for Q3 2014.

"A range of Federated equity strategies again delivered strong performance for their shareholders in 2014. Eight funds, or more than 30 percent of Federated's equity funds, earned top-decile performance on a three-year basis at quarter end, contributing to record net equity sales for the year," said J. Christopher Donahue, president and chief executive officer. "At the same time, we continued to see demand for fixed-income products such as the Federated Total Return Bond Fund."

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

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