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?

Why Federated Hermes (FHI) is a Top Dividend Stock for Your Portfolio

Federated Hermes stock price performance in the past three months wasn't as good as that of the broader market. The company views its shares as undervalued, and it is highly probable that FHI will execute share repurchases at a faster pace in the near term. I maintain a Buy rating for FHI, as I think that Federated Hermes' future is bright considering my expectations of a share price recovery for the stock.

Federated Hermes: The Future Is Bright

The long adjustment to higher yields can still benefit one of the biggest managers of money-market funds.

Federated Hermes Can Fly as High Rates Linger

Federated Hermes, Inc. (NYSE:FHI ) Q2 2023 Earnings Conference Call July 28, 2023 9:00 AM ET Company Participants Raymond Hanley - President, Federated Investors Management Company Chris Donahue - President and CEO Tom Donahue - CFO Debbie Cunningham - CIO of Money Markets Saker Nusseibeh - CEO, Federated Hermes Limited Conference Call Participants Daniel Fannon - Jefferies Patrick Davitt - Autonomous Research Mike Brown - KBW Brian Bedell - Deutsche Bank John Dunn - Evercore ISI Ken Worthington - JPMorgan Operator Good morning, everybody, and welcome to Federated Hermes, Inc. Q2 2023 Analyst Call and Webcast. [Operator Instructions] Please note, this conference is being recorded.

Federated Hermes, Inc. (FHI) Q2 2023 Earnings Call Transcript

Federated Hermes (FHI) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.74 per share a year ago.

Federated Hermes (FHI) Tops Q2 Earnings and Revenue Estimates

Q2 2023 earnings per diluted share of $0.81 Total assets under management reach a record high of $704.0 billion Money market assets reach a record $509.0 billion Board declares $0.28 per share dividend PITTSBURGH , July 27, 2023 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $0.81 for Q2 2023, compared to $0.64 for the same quarter last year, on net income of $72.2 million for Q2 2023, compared to $57.7 million for Q2 2022. Federated Hermes' total managed assets were a record $704.0 billion at June 30, 2023, up $72.1 billion or 11% from $631.9 billion at June 30, 2022 and up $3.0 billion or less than 1% from $701.0 billion at March 31, 2023.

Federated Hermes, Inc. reports second quarter 2023 earnings

PITTSBURGH , July 6, 2023 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, will report financial and operating results for the quarter ended June 30, 2023 after the market closes on Thursday, July 27, 2023. A conference call for investors and analysts will be held at 9 a.m.

Federated Hermes, Inc. announces second quarter 2023 earnings and conference call dates

Supported by strong fundamentals and inorganic growth moves, Federated Hermes (FHI) stock seems to be a viable investment option now.

Why Investors Should Buy Federated Hermes (FHI) Stock Now

Federated Hermes, Inc. is doing fewer share buybacks to reserve capital for potential organic and inorganic investment opportunities. Federated Hermes' key valuation metrics are currently lower than their respective historical trading averages. I retain my Buy rating for Federated Hermes on the basis that positives for the stock haven't been priced into its valuation multiples.

Federated Hermes: Positives Aren't Priced In

Chord Energy Corp

HF Sinclair Corp

Hanover Insurance Group

Unum

The likes of Johnson & Johnson, AT&T, and Coca-Cola aren't the only places to find nice yields.

5 Mid-Cap Stocks With Large Yields

A rise in revenues and an increase in asset position supported Federated Hermes (FHI) Q1 earnings. However, higher operating costs are the undermining factor.

Federated Hermes (FHI) Shares Fall Despite Q1 Earnings Beat

Federated Hermes, Inc. (NYSE:FHI ) Q1 2023 Earnings Conference Call April 28, 2023 9:00 AM ET Company Participants Ray Hanley - President, Federated Investors Management Company Chris Donahue - President and CEO Tom Donahue - VP, CFO and Treasurer Debbie Cunningham - CIO of Money Markets Saker Nusseibeh - CEO, Federated Hermes Limited Conference Call Participants Ken Worthington - JPMorgan Patrick Davitt - Autonomous Research Daniel Fannon - Jefferies Kenneth Lee - RBC Capital Markets John Dunn - Evercore ISI Mike Brown - KBW Brian Bedell - Deutsche Bank Patrick Davitt - Autonomous Research Operator Greetings. Welcome to the Federated Hermes Q1 2023 Analyst Call and Webcast.

Federated Hermes, Inc. (FHI) Q1 2023 Earnings Call Transcript

Federated Hermes (FHI) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.61 per share a year ago.

Federated Hermes (FHI) Q1 Earnings Top Estimates

Q1 2023 earnings per diluted share of $0.78 Total assets under management reach all-time high $701.0 billion Money market assets reach record $505.8 billion Board declares $0.28 per share dividend, a 4% increase from Q4 2022 PITTSBURGH , April 27, 2023 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $0.78 for Q1 2023, compared to $0.61 for the same quarter last year, on net income of $69.6 million for Q1 2023, compared to $55.9 million for Q1 2022. Federated Hermes' total managed assets were a record $701.0 billion at March 31, 2023, up $69.9 billion or 11% from $631.1 billion at March 31, 2022 and up $32.1 billion or 5% from $668.9 billion at Dec. 31, 2022.

Federated Hermes, Inc. reports first quarter 2023 earnings

Federated Hermes (FHI) is well positioned to outperform the market, as it exhibits above-average growth in financials.

3 Reasons Why Growth Investors Shouldn't Overlook Federated Hermes (FHI)

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.

Why Federated Hermes (FHI) is Poised to Beat Earnings Estimates Again

Federated Hermes (FHI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Federated Hermes (FHI) Reports Next Week: Wall Street Expects Earnings Growth

Both the investment management industry and Federated Hermes are seeing solid inflows for money market assets in early 2023. FHI has already identified areas of good growth potential such as ETFs where it can expand its presence via mergers & acquisitions.

Federated Hermes: Multiple Growth Drivers

Annual Shareholder Meeting will be by teleconference Thursday, April 27, 2023 PITTSBURGH , April 5, 2023 /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, 2023 after the market closes on Thursday, April 27, 2023. A conference call for investors and analysts will be held at 9 a.m.

Federated Hermes, Inc. announces first quarter 2023 earnings and conference call dates

Federated Investment Management Company, a Federated Hermes subsidiary, received U.S. group award for Mixed Assets Federated Hermes International Growth Fund recognized for consistently strong risk-adjusted five-year performance relative to peers PITTSBURGH , March 24, 2023 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today announced that the 2023 Refinitiv Lipper Fund Awards named Federated Hermes the Best Mixed Assets Large Fund Family Group Over Three Years. Also, Federated Hermes International Growth Fund was recognized as Best International Multi-Cap Growth Fund Over Five Years.

Federated Hermes earns Refinitiv Lipper Fund Awards for fund performance and firmwide results

Federated Hermes (FHI) possesses solid growth attributes, which could help it handily outperform the market.

Is Federated Hermes (FHI) a Solid Growth Stock? 3 Reasons to Think "Yes"

PITTSBURGH , Feb. 27, 2023 /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 participate in a moderated discussion at the 2023 RBC Capital Markets Global Financials Conference at approximately 2 p.m.

Federated Hermes, Inc.'s CEO to participate in RBC Capital Markets Global Financials Conference

Does Federated Hermes (FHI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Federated Hermes (FHI) is a Great Choice

Investors shouldn't be concerned about Federated Hermes' below-expectations Q4 2022 earnings, as this was mainly caused by a one-off non-cash impairment charge. Looking ahead, FHI's AUM should continue to grow, and there is significant upside potential relating to capital allocation.

Federated Hermes: Look Beyond Fourth Quarter Earnings Miss

Federated Hermes (FHI) records a rise in revenues in the fourth quarter of 2022.

News for Federated Hermes Stock (FHI)