Key Takeaways AMG surged to a 52-week high on upbeat Q3 results and strong Q4 earnings guidance.New partnerships are boosting AMG's AUM, with alternatives now driving 55% of earnings.FHI hit a high on record AUM of $871.2B, led by strong money market and equity asset growth.This year’s Santa Claus rally has kicked off, with Wednesday seeing the S&P 500 notch a fresh all-time closing high. Sentiment improved after new applications for U.S. unemployment benefits unexpectedly declined, reinforcing the view tha ...

The Depository Trust & Clearing Corporation (DTCC), the market infrastructure for the financial services industry, and BNY (NYSE: BK), a global financial services company, announced that DTCC’s Fixed Income Clearing Corporation (FICC) subsidiary has launched its Collateral-in-Lieu (CIL) service under its Sponsored General Collateral (GC) offering via BNY’s Global Collateral Platform, with BNY Securities Finance and Federated Hermes, Inc. (NYSE: FHI) executing the first repo trade on the new solution.The CIL ...

Investors might want to bet on Federated Hermes (FHI) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.T ...

Group 1: Federated Hermes, Inc. (FHI) - Federated Hermes has a Zacks Rank of 1 and a price-to-earnings ratio (P/E) of 10.19, significantly lower than the industry average of 18.80 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 7.7% over the last 60 days [1] - The company possesses a Value Score of A, indicating strong value characteristics [1] Group 2: Bunge Global SA (BG) - Bunge Global carries a Zacks Rank of 1 and has a P/E ratio of 12.83, compared to 25.07 for the S&P [2] - The Zacks Consensus Estimate for its next year earnings has also increased by 7.7% over the last 60 days [2] - The company has a Value Score of A, reflecting its strong value characteristics [2] Group 3: ZTO Express (Cayman) Inc. (ZTO) - ZTO Express holds a Zacks Rank of 1 with a P/E ratio of 12.76, lower than the S&P average of 25.07 [3] - The Zacks Consensus Estimate for its current year earnings has risen by 5.9% over the last 60 days [3] - The company possesses a Value Score of B, indicating solid value characteristics [3]

Accessibility StatementSkip Navigation PITTSBURGH, Dec. 2, 2025 /PRNewswire/ -- Federated Hermes, Inc. today announced executive leadership appointments to its global investment and distribution divisions that will become effective on April 30, 2026. Paul Uhlman will be named President and Chief Executive Officer of the Federated Advisory Companies*, succeeding John Fisher, who will assume the role of Chairman of the Federated Advisory Companies. In his new position, Uhlman will oversee all investment teams ...

Core Insights - Schneider Downs Wealth Management Advisors significantly increased its position in Federated Hermes, acquiring 2,577,442 shares, bringing its total stake to 2,657,263 shares valued at $137.99 million, which constitutes 16.37% of the fund's total assets under management (AUM) [1][7] - Federated Hermes has demonstrated strong financial performance with a total revenue of $1.74 billion and a net income of $380.98 million over the trailing twelve months (TTM) [3] - The company has a consistent dividend policy, having raised its dividend payout by 25.9% over the past five years, with a current yield of 2.77% [6] Company Overview - Federated Hermes, Inc. is a prominent asset management holding company based in Pittsburgh, Pennsylvania, with additional offices in New York and London, managing a diverse range of investment products across global equity and fixed income markets [4] - The firm employs both fundamental and quantitative investment strategies, catering to a wide array of clients, including individuals, high net worth investors, financial institutions, and government entities [8] Recent Developments - Schneider Downs Wealth Management Advisors' portfolio has grown by 92.6% since the end of Q3 2023, reaching a total size of $843 million [5] - The asset manager's stock has outperformed the S&P 500 by 9.02 percentage points over the past year, with a share price increase of 20.49% [7]

Core Insights - The article compares Federated Hermes (FHI) and TPG Inc. (TPG) to determine which stock offers better value opportunities for investors [1] Valuation Metrics - FHI has a Zacks Rank of 1 (Strong Buy), indicating a stronger earnings outlook compared to TPG, which has a Zacks Rank of 3 (Hold) [3] - FHI's forward P/E ratio is 10.32, significantly lower than TPG's forward P/E of 23.88 [5] - FHI's PEG ratio is 0.52, while TPG's PEG ratio is 1.04, suggesting FHI is more undervalued relative to its expected earnings growth [5] - FHI has a P/B ratio of 3.26 compared to TPG's P/B of 5.71, further indicating FHI's relative undervaluation [6] - FHI earns a Value grade of B, while TPG receives a Value grade of D, reinforcing FHI's position as the more attractive investment option [6]

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Financial Performance - As of September 30, 2025, Federated Hermes reported a net income attributable to the company of $104.1 million, compared to $87.5 million for the same period in 2024, representing an increase of 19%[83]. - Basic earnings per share for the nine months ended September 30, 2025, was $3.75, up from $2.20 for the same period in 2024, reflecting a 70% increase[83]. - Federated Hermes reported total revenue of $469.4 million for the three months ended September 30, 2025, an increase of 14.9% compared to $408.5 million for the same period in 2024[96]. - The company’s net income for the three months ended September 30, 2025, was $1.969 million, compared to a net loss of $23,000 for the same period in 2024[92]. - For the nine-month period ended September 30, 2025, the income tax provision was $100.5 million, compared to $84.7 million for the same period in 2024[93]. - The effective tax rate for the three-month period ended September 30, 2025, was 24.4%, down from 26.3% for the same period in 2024, primarily due to research and development credits[92]. - Net income increased by $16.6 million for the three-month period and by $112.7 million for the nine-month period ended September 30, 2025, driven by changes in revenues, expenses, and nonoperating income[186][187]. - The effective tax rate decreased to 24.4% for the three-month period and to 24.7% for the nine-month period ended September 30, 2025, compared to 26.3% and 31.5% in the same periods of 2024, respectively[181][182]. Share Repurchase and Dividends - The company repurchased approximately 4.6 million shares of its Class B common stock for $184.7 million during the nine months ended September 30, 2025, with around 6.1 million shares remaining available for repurchase[79]. - The company’s share repurchase programs have no stated expiration date, with the latest authorization allowing for the repurchase of up to 5.0 million shares of Class B common stock[79]. - The board of directors declared a dividend of $0.34 per share to shareholders, payable on November 14, 2025[100]. - The board of directors declared a dividend of $0.34 per share for Class A and Class B common stock shareholders, payable on November 14, 2025[198]. Assets and Investments - As of September 30, 2025, Federated Hermes managed assets totaled $871.2 billion, reflecting its position as a global leader in active investing[102]. - Total managed assets increased by 9% to $871.2 billion as of September 30, 2025, compared to $800.5 billion in 2024[158]. - Long-term assets rose by 5% to $218.4 billion, with equity assets growing by 13% to $94.7 billion and fixed-income assets increasing by 2% to $101.8 billion[158]. - Money market assets grew by 10% to $652.8 billion, up from $593.0 billion in the previous year[158]. - Total fund assets increased by 11% to $607.9 billion, with equity fund assets rising by 19% to $54.1 billion[158]. - Separate account assets rose by 4% to $263.3 billion, with fixed-income separate accounts increasing by 2% to $55.3 billion[158]. - The alternative/private markets segment saw a decline of 8% in long-term assets, dropping to $19.0 billion[158]. - Total Average Managed Assets increased by 8% to $859,491 million for the three months ended September 30, 2025, compared to $793,452 million in 2024[159]. - Average Managed Equity Assets rose by 15% to $92,436 million in Q3 2025 from $80,220 million in Q3 2024[159]. - Fixed-Income Average Managed Assets increased by 2% to $99,206 million for the three months ended September 30, 2025, compared to $97,563 million in 2024[159]. - Total Average Fund Assets grew by 10% to $594,925 million for the three months ended September 30, 2025, compared to $540,253 million in 2024[159]. Regulatory Environment - The SEC's Spring 2025 Regulatory Flexibility Agenda includes 23 short-term agenda items, focusing on deregulation and simplification of disclosure requirements[113]. - There has been a 40% reduction in SEC enforcement actions during the first six months of the new Presidential Administration, with only 56 actions initiated[113]. - The SEC extended the compliance date for amendments to Rule 605 of Regulation NMS from December 14, 2025, to August 1, 2026[114]. - The SEC issued a concept release on potential changes to rules governing Residential Mortgage-Backed Securities (RMBS) to facilitate more public offerings[115]. - The SEC approved proposed rule changes for generic listing standards for exchange-traded products (ETPs) that hold spot commodities, including digital assets[117]. - The SEC's Investment Advisory Committee supports expanded retail access to private markets while emphasizing the need for enhanced investor protections[121]. - Federated Hermes continues to engage with regulators, including meetings with the SEC Chairperson and staff to discuss various regulatory topics[110]. - The company is actively monitoring regulatory developments that may impact its business and financial condition[153]. - Federated Hermes is evaluating the impact of various regulatory changes, including the U.K. Consumer Duty and the EU's T+1 settlement cycle[144][145]. - The company anticipates that compliance with new regulatory requirements may materially affect its expenses and financial condition[154]. Market Performance - Net Sales for Equity Funds reached $1,411 million in Q3 2025, a significant increase from a net redemption of $613 million in Q3 2024[161]. - Fixed-Income Funds experienced net sales of $466 million in Q3 2025, compared to net sales of $305 million in Q3 2024[163]. - Total Long-Term Fund Assets increased to $115,215 million as of September 30, 2025, up from $106,799 million in the same period of 2024, reflecting a growth of approximately 7.5%[170]. - The company reported market gains of $4,414 million for Total Long-Term Fund Assets during the three months ended September 30, 2025, compared to $5,066 million in the same period of 2024[170]. - The impact of foreign exchange on Equity Funds was a loss of $82 million in Q3 2025, contrasting with a gain of $397 million in Q3 2024[161]. - The company recorded net redemptions of $1,166 million in Alternative / Private Markets Funds for the three months ended September 30, 2025, compared to net redemptions of $223 million in the same period of 2024[165]. Operational Metrics - The interest on borrowings from the revolving credit facility is calculated using the Secured Overnight Financing Rate (SOFR), which replaced LIBOR effective July 1, 2023[72]. - The company had no outstanding borrowings under its $350 million revolving credit facility as of September 30, 2025, with an additional $200 million available via an optional increase[74]. - Federated Hermes was in compliance with all financial covenants during the nine-month period ended September 30, 2025[75]. - The interest coverage ratio was 47 to 1 as of September 30, 2025, significantly above the required minimum of 4 to 1[195]. - Cash provided by operating activities totaled $136.1 million for the nine months ended September 30, 2025, a decrease from $219.9 million in the same period of 2024[190]. - Cash used by financing activities was $139.4 million during the nine-month period ended September 30, 2025, primarily due to treasury stock purchases and dividends paid[192]. - Federated Hermes expects to invest approximately $253 million over the next three years for technology-driven initiatives, including $188 million in existing technology-related overhead and $65 million in external spending[197].

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