Federated Hermes

Federated Hermes, Inc. is engaged in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, federated funds, and separate accounts which include separately managed accounts, institutional accounts, sub-advised funds and other managed products in both domestic and international markets. The company was founded by John F. Donahue and Richard B. Fisher in October 1955 and is headquartered in Pittsburgh, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Federated Hermes (FHI) reports solid asset growth and revenue challenges

Federated Hermes (FHI) demonstrated strength in asset management with positive net sales in equity and fixed income funds.
Challenges include a decrease in total revenue and an increase in operating expenses, impacting profitability in the short term.
Opportunities lie in the growth potential of private market strategies and money market assets, supported by expectations for future acquisitions.

Federated Hermes achieves record AUM in Q1 2023 earnings call

Federated Hermes reported strong performance in Q1 2023, with record AUM and positive net sales in key strategies. Despite competitive pressures and regulatory challenges, the company remains well-positioned in the market. Opportunities for growth exist in alternative private markets and new fund offerings.

Federated Hermes reports robust Q2 performance and eyes M&A opportunities

Federated Hermes reported strong Q2 performance with positive net sales in various strategies. The company discussed regulatory changes, M&A opportunities, and market dynamics, highlighting successful equity strategies.

Federated Hermes reports record AUM in Q3 earnings call

Federated Hermes saw mixed performance in Q3 with record AUM driven by money market assets, while equities faced challenges.
The company's strengths lie in strong client interest in equity and fixed income strategies, alongside ESG integration efforts.
Opportunities for growth include potential M&A activities and share buyback programs, despite challenges in certain asset segments.

Federated Hermes achieves record AUM in Q4 2023

Federated Hermes (FHI) reported record assets under management in Q4 2023, driven by strong performances in equities, fixed income, and money market funds. Despite revenue decrease, the company remains optimistic about future inflows and growth opportunities. FHI's focus on private markets and reliable fixed income products positions it well for continued success.

Federated Hermes achieves record AUM in Q1 2024

Federated Hermes reported strong AUM growth driven by money market assets, positive net sales in key funds, and interest in various duration products. Challenges include a decrease in alternative private market assets and managing client risk preferences effectively. Opportunities lie in expanding market flows, catering to evolving client needs, and leveraging high yield's strong performance.

Federated Hermes achieves record AUM in Q2 earnings call

Federated Hermes saw record AUM in Q2 driven by strong money market assets, despite decreases in other asset classes.
Revenue increased, but expenses rose due to a noncash charge, with a focus on undervalued stock repurchases ahead.
Positive net sales in specific strategies and expectations of favorable market conditions for money market assets.
Challenges include asset decreases and discussions with clients on duration extensions amidst declining rates.

Federated Hermes achieves record AUM, faces fee challenges

Federated Hermes reported strong AUM growth, revenue increase, and cost management in Q3 2024.
The company faces challenges from account redemptions and management fee impacts.
Opportunities lie in continued growth in key asset classes, share repurchase program, and tax rate expectations.
Overall, Federated Hermes is well-positioned for growth and navigating challenges effectively.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Federated Hermes (FHI) have what it takes?

Federated Hermes (FHI) is a Top Dividend Stock Right Now: Should You Buy?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Why Federated Hermes (FHI) is a Top Value Stock for the Long-Term

Federated Hermes (FHI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Federated Hermes (FHI) Loses -9.48% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Federated Hermes, Inc. (NYSE:FHI ) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Company Participants Raymond Hanley - President of Federated Investors Management Company Christopher Donahue - President and Chief Executive Officer Thomas Donahue - Chief Financial Officer, Vice President, Director and Treasurer Deborah Cunningham - Chief Investment Officer Conference Call Participants William Katz - TD Cowen Patrick Davitt - Autonomous Research Ken Worthington - JPMorgan Brian Bedell - Deutsche Bank Kenneth Lee - RBC Capital Markets Daniel Fannon - Jefferies John Dunn - Evercore Operator Greetings. Welcome to the Federated Hermes, Inc. Q1 2024 Analyst Call and Webcast.

Federated Hermes, Inc. (FHI) Q1 2024 Earnings Call Transcript

A rise in revenues and an increase in asset position support Federated Hermes' (FHI) Q1 earnings. Higher operating costs act as headwinds.

Federated Hermes (FHI) Q1 Earnings Meet, Expenses Rise Y/Y

Although the revenue and EPS for Federated Hermes (FHI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Federated Hermes (FHI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Federated Hermes (FHI) came out with quarterly earnings of $0.89 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.78 per share a year ago.

Federated Hermes (FHI) Matches Q1 Earnings Estimates

Total assets under management reach a record $778.7 billion Money market assets reach a record $578.8 billion Q1 2024 earnings per diluted share of $0.89 Quarterly dividend increased by 10.7% to $0.31 Special dividend of $1.00 is the sixth declared since 2008 PITTSBURGH , April 25, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $0.89 for Q1 2024, compared to $0.78 for the same quarter last year, on net income of $75.0 million for Q1 2024, compared to $69.6 million for Q1 2023. Federated Hermes' total managed assets were a record $778.7 billion at March 31, 2024, up $77.7 billion or 11% from $701.0 billion at March 31, 2023 and up $21.1 billion or 3% from $757.6 billion at Dec. 31, 2023.

Federated Hermes, Inc. reports first quarter 2024 earnings of $0.89; Board declares cash dividend of $1.31 ($0.31 quarterly and $1.00 special)

Why Federated Hermes (FHI) is a Top Growth Stock for the Long-Term

This is Why Federated Hermes (FHI) is a Great Dividend Stock

Federated Hermes (FHI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Federated Hermes (FHI) Stock Stands Out in a Strong Industry

Federated Hermes (FHI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Federated Hermes (FHI) Beat Estimates Again in Its Next Earnings Report?

SEI Investments

Investors with an interest in Financial - Investment Management stocks have likely encountered both Federated Hermes (FHI) and SEI Investments (SEIC). But which of these two companies is the best option for those looking for undervalued stocks?

FHI vs. SEIC: Which Stock Should Value Investors Buy Now?

Here's Why Federated Hermes (FHI) is a Strong Growth Stock

Annual Shareholder Meeting will be by teleconference Thursday, April 25, 2024 PITTSBURGH , April 4, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, will report financial and operating results for the quarter ended March 31, 2024 after the market closes on Thursday, April 25, 2024. A conference call for investors and analysts will be held at 9 a.m.

Federated Hermes, Inc. announces first quarter 2024 earnings and conference call dates

Federated Hermes (FHI) Could Be a Great Choice

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Here's Why Federated Hermes (FHI) is a Strong Momentum Stock

Investors looking for stocks in the Financial - Investment Management sector might want to consider either Federated Hermes (FHI) or SEI Investments (SEIC). But which of these two stocks offers value investors a better bang for their buck right now?

FHI or SEIC: Which Is the Better Value Stock Right Now?

Federated Hermes Muni & Stock Advantage Fund and Federated Hermes SDG Engagement Equity Fund recognized for three-year performance. PITTSBURGH , March 14, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today announced that Federated Hermes Muni & Stock Advantage Fund and Federated Hermes SDG Engagement Equity Fund were recognized by the 2024 LSEG Lipper Fund Awards for consistently strong risk-adjusted three-year performance.

Federated Hermes earns two LSEG Lipper Fund Awards

Federated Hermes (FHI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Federated Hermes (FHI) Upgraded to Strong Buy: Here's Why

Abercrombie & Fitch

Eagle Bancorp Montana

LeMaitre Vascular

Southside Bancshares

SBSI, EBMT, LMAT, ANF and FHI have been added to the Zacks Rank #1 (Strong Buy) List on March 13, 2024.

New Strong Buy Stocks for March 13th

EBMT, FHI and ANF made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 13, 2024.

Best Value Stocks to Buy for March 13th

PITTSBURGH , Feb. 28, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today announced that President and CEO J. Christopher Donahue is scheduled to present at the 2024 RBC Capital Markets Financial Institutions Conference from approximately 1:20 to 1:50 p.m.

Federated Hermes, Inc.'s CEO to participate in 2024 RBC Capital Markets Financial Institutions Conference

PITTSBURGH , Feb. 23, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today filed its annual report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year ended Dec. 31, 2023. Federated Hermes makes available all of its annual report documents and provides access to its other SEC filings on its website, either directly or via a link to EDGAR.

Federated Hermes, Inc. files annual report on Form 10-K with U.S. Securities and Exchange Commission

PITTSBURGH , Feb. 23, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today announced that its board of directors nominated business leader Karen L. Hanlon to stand for election to the board as an independent director at the company's Annual Meeting of Shareholders in April 2024.

News for Federated Hermes Stock (FHI)