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.

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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.

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Evaluate the expected performance of Federated Hermes (FHI) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Unlocking Q3 Potential of Federated Hermes (FHI): Exploring Wall Street Estimates for Key Metrics

Federated Hermes (FHI) doesn't possess 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) Earnings Expected to Grow: Should You Buy?

Federated Hermes (FHI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Federated Hermes (FHI) Rating Upgrade to Buy

Blue Owl Capital

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

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

Federated Premier Municipal Income Fund

PITTSBURGH , Oct. 15, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced today that in accordance with the terms of its tender offer, since the tender offer was oversubscribed, it will purchase 32% of its issued and outstanding common shares on a pro rata basis, with appropriate adjustment to avoid purchase of fractional shares (the "proration factor"). The purchase price is $12.67 per common share, which is 99% of the net asset value per common share determined as of the close of the regular trading session of the New York Stock Exchange on Oct. 11, 2024.

Federated Hermes Premier Municipal Income Fund announces final results of tender offer

PITTSBURGH , Oct. 14, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced today that its tender offer for 3,679,390 of its issued and outstanding common shares, representing approximately 32% of its outstanding common shares, expired at 5 p.m. Eastern on Oct. 11, 2024.

Federated Hermes Premier Municipal Income Fund announces tender offer expiration

PITTSBURGH , Oct. 7, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, will report financial and operating results for the quarter ended Sept. 30, 2024 after the market closes on Thursday, Oct. 24, 2024.

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

Newest MDT product aims to meet growing demand for retirement products PITTSBURGH , Sept. 26, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investment management, today announced the launch of the Federated Hermes MDT Mid Cap Growth Collective Investment Fund, a strategy for qualified retirement plan investors.

Federated Hermes, Inc. launches MDT Mid Cap Growth Collective Investment Fund

PITTSBURGH , Sept. 13, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced today that it commenced a tender offer for up to 32 percent of its outstanding common shares.

Federated Hermes Premier Municipal Income Fund commences tender offer for common shares

Investors need to pay close attention to Federated Hermes (FHI) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Federated Hermes (FHI) Stock?

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FHI's strategic acquisition of money market assets is likely to continue supporting its AUM growth. However, its rising expense base is a concern.

Federated Rides on Acquisitions and AUM Growth, High Costs Ail

PITTSBURGH , Aug. 30, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) today announced that (subject to certain conditions) it will commence a cash tender offer for up to 32% of its outstanding common shares. The tender offer will provide all shareholders the opportunity to tender some or all of their common shares at a price per common share of 99% of the fund's net asset value (NAV) per share as determined on the day the tender offer expires or the preceding business day.

Federated Hermes Premier Municipal Income Fund announces tender offer

Federated Hermes MDT Large Cap Growth ETF

PITTSBURGH , Aug. 23, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that the Federated Hermes ETF Trust, on behalf of its portfolio, Federated Hermes MDT Large Cap Growth ETF (NYSE: FLCG), which seeks long-term capital appreciation by investing primarily in common stocks of large capitalization (large-cap) U.S. companies with higher forecasted growth values relative to the market, has obtained approval by majority shareholder consent action to change from a diversified company to a non-diversified company.  The change was approved by written consent in lieu of a shareholder meeting and no proxy or solicitation was necessary.

Federated Hermes achieves shareholder approval related to the Federated Hermes MDT Large Cap Growth ETF

PITTSBURGH , Aug. 9, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that the Board of Trustees of Federated Hermes ETF Trust, on behalf of its portfolio, Federated Hermes MDT Large Cap Growth ETF (NYSE: FLCG), has approved a change in the fundamental policy with respect to diversification, changing from a diversified company to a non-diversified company, subject to shareholder approval. The Board of Trustees also established Aug. 19, 2024, as the record date for majority shareholder consent action to be determined on Aug. 23, 2024.

Federated Hermes seeking shareholder approval related to the Federated Hermes MDT Large Cap Growth ETF

Federated Hermes Short Duration Corporate ETF

Federated Hermes US Strategic Dividend ETF

Federated Hermes Short Duration High Yield ETF

Federated Hermes Total Return Bond ETF

•  New products double the number of Federated Hermes ETFs  PITTSBURGH , July 31, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in investment management, today announced the launch of four actively managed ETFs that take a quantitative approach to stock selection. The new products offer investors another way to access the disciplined Federated Hermes MDT investment process, crafted and refined for more than 30 years and now available in an ETF structure.

Federated Hermes, Inc. launches four MDT quantitative active ETFs

Federated Hermes, Inc. (NYSE:FHI ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Richard Donahue - VP, Financial Planning and Analysis Chris Donahue - President and CEO Tom Donahue - VP, CFO and Treasurer Debbie Cunningham - Chief Investment Officer Saker Nusseibeh - CEO of Federated Hermes Limited Conference Call Participants Patrick Davitt - Autonomous Research Adam Beatty - UBS Dan Fannon - Jefferies Ken Worthington - JPMorgan Bill Katz - TD Cowen Brian Bedell - Deutsche Bank John Dunn - Evercore ISI Operator Greetings and welcome to the Federated Hermes Incorporated Second Quarter 2024 Analyst Call and webcast. At this time all participants are on a listen-only mode and a question-and-answer session will follow the formal presentation.

Federated Hermes, Inc. (FHI) Q2 2024 Earnings Call Transcript

Federated Hermes (FHI) second-quarter 2024 results are driven by increase in total managed assets. However, the higher expense base acted as a headwind.

Federated Hermes (FHI) Q2 Earnings Top Estimates, AUM Rise

The headline numbers for Federated Hermes (FHI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Federated Hermes (FHI) Reports Q2 Earnings: What Key Metrics Have to Say

Federated Hermes (FHI) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.81 per share a year ago.

Federated Hermes (FHI) Q2 Earnings and Revenues Beat Estimates

Total assets under management reach a record $782.7 billion Money market assets reach a record $586.6 billion Q2 2024 earnings per diluted share of $0.20, including a ($0.76) per diluted share non-cash intangible asset impairment charge Board declares $0.31 per share dividend PITTSBURGH , July 25, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $0.20 for Q2 2024, compared to $0.81 for the same quarter last year, on net income of $21.0 million for Q2 2024, compared to $72.2 million for Q2 2023. Federated Hermes' Q2 2024 results include a $66.3 million non-cash expense, or ($0.76) per diluted share, related to the impairment of an indefinite-lived intangible asset.

Federated Hermes, Inc. reports record assets under management with second quarter 2024 earnings

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

Federated Hermes (FHI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

PITTSBURGH , July 2, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, will report financial and operating results for the quarter ended June 30, 2024 after the market closes on Thursday, July 25, 2024. A conference call for investors and analysts will be held at 9 a.m.

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

PITTSBURGH , June 10, 2024 /PRNewswire/ -- The Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced today that its annual meeting of shareholders will be held on Friday, Nov. 8, 2024. Investors can view additional portfolio fund and portfolio information in the Products section of FederatedHermes.com/us.

News for Federated Hermes Stock (FHI)