Federated Hermes, Inc. (FHI)
| Market Cap | 2.99B |
| Revenue (ttm) | 1.57B |
| Net Income (ttm) | 267.75M |
| Shares Out | 88.29M |
| EPS (ttm) | 3.00 |
| PE Ratio | 11.29 |
| Forward PE | 9.76 |
| Dividend | $0.14 (0.41%) |
| Ex-Dividend Date | Sep 21, 2023 |
| Volume | 1,032,271 |
| Open | 34.37 |
| Previous Close | 34.22 |
| Day's Range | 33.74 - 34.52 |
| 52-Week Range | 30.30 - 45.55 |
| Beta | 1.01 |
| Analysts | Buy |
| Price Target | 42.80 (+26.37%) |
| Earnings Date | Oct 26, 2023 |
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 2022, FHI's revenue was $1.45 billion, an increase of 11.18% compared to the previous year's $1.30 billion. Earnings were $239.50 million, a decrease of -11.39%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for FHI stock is "Buy." The 12-month stock price forecast is $42.8, which is an increase of 26.37% from the latest price.
News
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
PITTSBURGH , Sept. 15, 2023 /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 , Sept. 11, 2023 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend.
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
The likes of Johnson & Johnson, AT&T, and Coca-Cola aren't the only places to find nice yields.
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...
Here's why Federated Hermes' Phil Orlando is concentrating on bonds
Phil Orlando, chief equity market strategist at Federated Hermes, joins 'CNBC's ‘Power Lunch' to discuss why he expects the 10-year Treasury yield to return to 3% in 2023 and more.
Federated Hermes earns Refinitiv Lipper Fund Awards for fund performance and firmwide results
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-ad...
Federated Hermes, Inc.'s CEO to participate in RBC Capital Markets Global Financials Conference
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 schedu...
Federated Hermes, Inc. files annual report on Form 10-K with U.S. Securities and Exchange Commission
PITTSBURGH , Feb. 24, 2023 /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. reports fourth quarter and full-year 2022 earnings
Q4 2022 earnings per diluted share of $0.63; full-year 2022 EPS of $2.65, each including a ($0.27) per diluted share non-cash intangible asset impairment charge Total assets under management at record...
Federated Hermes, Inc. announces fourth quarter and year-end 2022 earnings and conference call dates
PITTSBURGH , Jan. 5, 2023 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, will report financial and operating results for the quarter and year end...
Federated Hermes, Inc. reports third quarter 2022 earnings
Q3 2022 earnings per diluted share of $0.78 Board declares $0.27 per share quarterly dividend PITTSBURGH , Oct. 27, 2022 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, ...
Federated Hermes, Inc. announces third quarter 2022 earnings and conference call dates
PITTSBURGH , Oct. 6, 2022 /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, Inc. completes acquisition of C.W. Henderson & Associates, Inc., a specialist in municipal-bond SMA products
Federated Hermes obtains more than $3.5 billion in SMA assets Entire C.W. Henderson team joins Federated Hermes PITTSBURGH , Oct. 3, 2022 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global l...
Federated Hermes, Inc. reports second quarter 2022 earnings
Q2 2022 earnings per diluted share of $0.64 Board declares $0.27 per share quarterly dividend PITTSBURGH , July 28, 2022 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, ...
Federated Hermes, Inc. agrees to acquire the $3.63 billion investment advisory business of C.W. Henderson, a specialist in municipal-bond separately managed accounts
Entire team to join Federated Hermes and continue managing portfolios PITTSBURGH , July 18, 2022 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, r...
Federated Hermes, Inc. announces second quarter 2022 earnings and conference call dates
PITTSBURGH , July 7, 2022 /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...
Federated Hermes Premier Municipal Income Fund declares dividend and announces change in leverage
PITTSBURGH , June 9, 2022 /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 e...
Federated Hermes Board Authorizes Additional Buyback of Up to 5M Shares
By Denny Jacob
Federated Hermes, Inc. and BT Pension Scheme announce $1 billion private equity mandate
PITTSBURGH , May 17, 2022 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, has been awarded $1 billion private equity mandate from BT Pension Schem...
Federated Hermes, Inc. reports first quarter 2022 earnings
Q1 2022 earnings per diluted share of $0.61 Board declares $0.27 per share quarterly dividend PITTSBURGH, April 28, 2022 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, ...