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Federated Hermes Inc.

Logo Federated Hermes Inc.

Finance

Investment Managers

Nasdaq

as 04-19-2024 3:31pm EST

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ederated provides asset management services for institutional and individual investors. The company had $757.6 billion in managed assets at the end of December 2023, composed of equity (10%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (74%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 29%, 13%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (28%), and international clients (9%).

Founded: 1955 Country:
United States
United States
Employees: N/A City: PITTSBURGH
Market Cap: 3.0B IPO Year: N/A
Target Price: $40.00 AVG Volume (30 days): 758.7K
Analyst Decision: Buy Number of Analysts: 7
Dividend Yield: 3.20% Dividend Payout Frequency: Quarterly
EPS: 3.40 EPS Growth: 28.30
52 Week Low/High: $30.23 - $45.55 Next Earning Date: 04-25-2024
Revenue: $1,609,574,000 Revenue Growth: 11.33%
Revenue Growth (this year): 3.32% Revenue Growth (next year): 5.17%

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