Summary
36.87 0.70(1.94%)10/04/2024
Federated Hermes Inc (FHI)
Federated Hermes Inc (FHI)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 1.94 | -0.32 | 6.10 | 13.20 | 2.42 | 11.80 | 39.15 | 626.48 |
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| Trading Data | ||
| Close | 36.87 | |
| Open | 36.53 | |
| High | 36.95 | |
| Low | 36.45 | |
| Volume | 379,580 | |
| Change | 0.70 | |
| Change % | 1.94 | |
| Avg Volume (20 Days) | 395,838 | |
| Volume/Avg Volume (20 Days) Ratio | 0.96 | |
| 52 Week Range | 30.23 - 37.43 | |
| Price vs 52 Week High | -1.50% | |
| Price vs 52 Week Low | 21.96% | |
| Range | 0.93 | |
| Gap Up/Down | -0.09 | |
Fundamentals | ||
| Market Capitalization (Mln) | 3,063 | |
| EBIDTA | 421,235,008 | |
| PE Ratio | 11.9048 | |
| PEG Ratio | 2.9765 | |
| WallStreet Target Price | 34.86 | |
| Book Value | 12.9520 | |
| Earnings Per Share | 2.9820 | |
| EPS Estimate Current Quarter | 0.7200 | |
| EPS Estimate Next Quarter | 0.7400 | |
| EPS Estimate Current Year | 2.7800 | |
| EPS Estimate Next Year | 3.1100 | |
| Diluted EPS (TTM) | 2.9820 | |
| Revenues | ||
| Profit Marging | 0.2211 | |
| Operating Marging (TTM) | 0.2923 | |
| Return on asset (TTM) | 0.1242 | |
| Return on equity (TTM) | 0.2304 | |
| Revenue TTM | 1,342,720,000 | |
| Revenue per share TTM | 14.2100 | |
| Quarterly Revenue Growth (YOY) | -0.1040 | |
| Quarterly Earnings Growth (YOY) | -0.1480 | |
| Gross Profit (TTM) | 944,868,000 | |
| Dividends | ||
| Dividend Share | 1.0800 | |
| Dividend Yield | 0.0306 | |
| Valuations | ||
| Trailing PE | 11.9048 | |
| Forward PE | 11.6686 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 2.8794 | |
| Revenue Enterprise Value | 2.4970 | |
| EBITDA Enterprise Value | 7.9595 | |
| Shares | ||
| Shares Outstanding | 96,843,696 | |
| Shares Float | 88,201,224 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 4.52 | |
| Institutions (%) | 84.87 | |
09/26 16:17 EST - prnewswire.com
Federated Hermes, Inc. launches MDT Mid Cap Growth Collective Investment Fund
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
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.
09/25 01:42 EST - youtube.com
Chinese stocks are cheap but a sustainable rally depends on investor confidence: Federated Hermes
Jonathan Pines, head of Asia ex-Japan equity at Federated Hermes, discusses the stock rally that stimulus measures from China's central bank prompted.
Chinese stocks are cheap but a sustainable rally depends on investor confidence: Federated Hermes
Jonathan Pines, head of Asia ex-Japan equity at Federated Hermes, discusses the stock rally that stimulus measures from China's central bank prompted.
09/16 09:11 EST - prnewswire.com
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
PITTSBURGH , Sept. 16, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of Aug. 31, 2024, is now available in the Products section of FederatedHermes.com/us.
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
PITTSBURGH , Sept. 16, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of Aug. 31, 2024, is now available in the Products section of FederatedHermes.com/us.
09/13 17:15 EST - prnewswire.com
Federated Hermes Premier Municipal Income Fund commences tender offer for common shares
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
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.
09/10 09:02 EST - prnewswire.com
Federated Hermes Premier Municipal Income Fund declares dividend
PITTSBURGH , Sept. 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend.
Federated Hermes Premier Municipal Income Fund declares dividend
PITTSBURGH , Sept. 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend.
09/09 10:30 EST - zacks.com
Is the Options Market Predicting a Spike in Federated Hermes (FHI) Stock?
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?
Investors need to pay close attention to Federated Hermes (FHI) stock based on the movements in the options market lately.
09/06 07:00 EST - seekingalpha.com
10 Dividend Blue-Chip Bargains To Potentially Profit From This Irrational Market Freakout
Joel Greenblatt's Magic Formula combines value and quality investing. By focusing on earnings yield and return on capital, it has achieved 40% annual returns for 21 years. The market's recent selloff, driven by weak manufacturing data, is an opportunity to buy high-quality undervalued dividend blue-chip stocks using Joel Greenblatt's Magic Formula. September's market volatility is average. Focus on long-term investment strategies rather than knee-jerk reactions to short-term data.
10 Dividend Blue-Chip Bargains To Potentially Profit From This Irrational Market Freakout
Joel Greenblatt's Magic Formula combines value and quality investing. By focusing on earnings yield and return on capital, it has achieved 40% annual returns for 21 years. The market's recent selloff, driven by weak manufacturing data, is an opportunity to buy high-quality undervalued dividend blue-chip stocks using Joel Greenblatt's Magic Formula. September's market volatility is average. Focus on long-term investment strategies rather than knee-jerk reactions to short-term data.
09/03 11:50 EST - zacks.com
Federated Rides on Acquisitions and AUM Growth, High Costs Ail
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
FHI's strategic acquisition of money market assets is likely to continue supporting its AUM growth. However, its rising expense base is a concern.
08/30 16:17 EST - prnewswire.com
Federated Hermes Premier Municipal Income Fund announces tender offer
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
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.
08/23 16:20 EST - prnewswire.com
Federated Hermes achieves shareholder approval related to the 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. 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.
08/09 16:38 EST - prnewswire.com
Federated Hermes seeking 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
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.
07/31 09:02 EST - prnewswire.com
Federated Hermes, Inc. launches four MDT quantitative active ETFs
• 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
• 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.
07/26 12:29 EST - seekingalpha.com
Federated Hermes, Inc. (FHI) Q2 2024 Earnings Call Transcript
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, 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.
07/26 09:45 EST - zacks.com
Federated Hermes (FHI) Q2 Earnings Top Estimates, AUM Rise
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
Federated Hermes (FHI) second-quarter 2024 results are driven by increase in total managed assets. However, the higher expense base acted as a headwind.
07/25 21:00 EST - zacks.com
Federated Hermes (FHI) Reports Q2 Earnings: What Key Metrics Have to Say
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
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.
07/25 19:05 EST - zacks.com
Federated Hermes (FHI) Q2 Earnings and Revenues Beat Estimates
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
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.
07/25 16:17 EST - prnewswire.com
Federated Hermes, Inc. reports record assets under management with second quarter 2024 earnings
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
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.
07/22 10:41 EST - zacks.com
Here's Why Federated Hermes (FHI) is a Strong Value Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Here's Why Federated Hermes (FHI) is a Strong Value Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.