Federated Hermes, Inc. (FHI)
| Market Cap | 2.80B |
| Revenue (ttm) | 1.62B |
| Net Income (ttm) | 304.41M |
| Shares Out | 84.16M |
| EPS (ttm) | 3.52 |
| PE Ratio | 9.45 |
| Forward PE | 8.82 |
| Dividend | $0.85 (2.56%) |
| Ex-Dividend Date | May 7, 2024 |
| Volume | 602,854 |
| Open | 32.48 |
| Previous Close | 32.48 |
| Day's Range | 32.22 - 33.26 |
| 52-Week Range | 30.23 - 38.93 |
| Beta | 1.11 |
| Analysts | Buy |
| Price Target | 38.33 (+15.24%) |
| Earnings Date | Apr 25, 2024 |
About FHI
Federated Hermes, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused e... [Read more]
Financial Performance
In 2023, FHI's revenue was $1.61 billion, an increase of 11.33% compared to the previous year's $1.45 billion. Earnings were $298.98 million, an increase of 24.84%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for FHI stock is "Buy." The 12-month stock price forecast is $38.33, which is an increase of 15.24% from the latest price.
News
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)
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...
Federated Hermes: European banking was 'about cost control' over the last year
Filippo Alloatti of Federated Hermes discusses the outlook for the European Central Bank's monetary policy.
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
PITTSBURGH , April 15, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today announced that monthly fund composition and performance data for...
Federated Hermes Premier Municipal Income Fund declares dividend
PITTSBURGH , April 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is...
Federated Hermes, Inc. announces first quarter 2024 earnings and conference call dates
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 inve...
Federated Hermes earns two LSEG Lipper Fund Awards
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. (...
Federated Hermes, Inc.'s CEO to participate in 2024 RBC Capital Markets Financial Institutions Conference
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 schedu...
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 filed its annual report on Form 10-K with the U.S. Securities and...
Federated Hermes, Inc. announces nomination of new independent director
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 K...
Federated Hermes, Inc. reports fourth quarter and full-year 2023 earnings
Q4 2023 earnings per diluted share of $0.96; full-year 2023 EPS of $3.40 Total assets under management at record $757.6 billion Board declares $0.28 per share quarterly dividend PITTSBURGH , Jan. 25, ...
Federated Hermes, Inc. celebrates 50 years of money market innovation
Firm has longstanding tradition of vetting liquidity portfolios for a volatile world Money Market Management launched in 1974 Approximately $560 billion in money market assets under management PITTSBU...
Federated Hermes, Inc. announces fourth quarter and year-end 2023 earnings and conference call dates
PITTSBURGH , Jan. 11, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, will report financial and operating results for the quarter and year en...
Federated Hermes Premier Municipal Income Fund declares dividend and announces new Trustee
PITTSBURGH , Jan. 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is ...
The recession has already happened, says Federated Hermes' Steve Auth
Steve Auth, Federated Hermes Equities CIO, joins 'The Exchange' to discuss the market outlook for 2024, where the investment opportunities are, and more.
Federated Hermes, Inc. launches Total Return Bond ETF
New active fixed-income product expands ETF offerings PITTSBURGH , Jan. 4, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today announced th...
Why Federated Hermes Is ‘Legging in' to Large-Cap Growth
Stephen Auth, equities chief investment officer at Federated Hermes, says he “broadly” sees a market buying opportunity here as stocks are “still really in a bear market.” He speaks on “Bloomberg Surv...
Federated Hermes, Inc. reports third quarter 2023 earnings
Q3 2023 earnings per diluted share of $0.86 Total assets under management reach a record high of $715.2 billion Money market assets reach a record $525.1 billion Board declares $0.28 per share dividen...
Federated Hermes, Inc. announces third quarter 2023 earnings and conference call dates
PITTSBURGH , Oct. 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 Sept. ...
Federated Hermes Can Fly as High Rates Linger
The long adjustment to higher yields can still benefit one of the biggest managers of money-market funds.
Federated Hermes, Inc. reports second quarter 2023 earnings
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 dividen...
Federated Hermes, Inc. announces second quarter 2023 earnings and conference call dates
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 3...
5 Mid-Cap Stocks With Large Yields
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Federated Hermes Goes Defensive, Preps for Negative GDP
Phil Orlando, chief equity market strategist at Federated Hermes, is looking at cash, Treasuries, and defensive equities as his firm sees negative GDP prints for the US in the third and fourth quarter...
Federated Hermes, Inc. reports first quarter 2023 earnings
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 ...
Federated Hermes, Inc. announces first quarter 2023 earnings and conference call dates
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 inve...