Federated Hermes, Inc. (FHI)

NYSE: FHI · IEX Real-Time Price · USD
33.87
-0.35 (-1.02%)
Sep 29, 2023, 4:00 PM EDT - Market closed
-1.02%
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]

Sector Financials
Founded 1955
Employees 1,961
Stock Exchange NYSE
Ticker Symbol FHI
Full Company Profile

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 Statements

Analyst 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.

Price Target
$42.8
(26.37% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

16 days ago - PRNewsWire

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.

20 days ago - PRNewsWire

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.

4 weeks ago - WSJ

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...

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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.

Other symbols: CHRDDINOTHGUNM
5 months ago - Barrons

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...

5 months ago - Bloomberg Markets and Finance

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 ...

5 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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.

6 months ago - CNBC Television

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...

6 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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...

8 months ago - PRNewsWire

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...

9 months ago - PRNewsWire

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, ...

1 year ago - PRNewsWire

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. ...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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, ...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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, ...

1 year ago - PRNewsWire