PITTSBURGH, Feb. 23, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today announced that its board of directors nominated business leader Karen L. Hanlon to stand for election to the board as an independent director at the company's Annual Meeting of Shareholders in April 2024. At that time, the board is expected to expand from six to seven members. Hanlon, who has more than 30 years of financial and leadership experience, is executive vice preside ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-14818 FEDERATED HERMES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 25-1111467 (State or other jurisdiction of inco ...

Federated Hermes, Inc. (FHI) is a solid bet now, given its strong fundamentals and an improvement in assets under management (AUM) balance. Further, backed by a decent liquidity position, its sustainable capital distribution activities are likely to continue enhancing shareholder value.The Zacks Consensus Estimate for Federated's 2024 earnings has been revised 1% north over the past week. This shows that analysts are optimistic regarding the company’s earnings prospects. FHI currently sports a Zacks Rank #1 ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Z ...

Here is the stock with buy rank and strong value characteristics for investors to consider today, February 20th:  Federated Hermes (FHI) : This company which, offers world-class active investment management and engagement services across a wide range of asset classes for investors around the world, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.6% over the last 60 days.Federated Hermes has a price-to-earnings ratio (P/E) of 9.72 ...

Here are two stocks with buy rank and strong income characteristics for investors to consider today, February 20th:Federated Hermes (FHI) : This company which offers world-class active investment management and engagement services across a wide range of asset classes for investors around the world, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.6% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of 3.2%, compared with the industry aver ...

PITTSBURGH, Feb. 15, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of Jan. 31, 2024, is now available in the Products section of FederatedHermes.com/us. To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x5587538, email [email protected] or write to Federated Hermes, 1001 Liberty A ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Sco ...

Financial Data and Key Metrics Changes - Federated Hermes reported record assets under management (AUM) of $715 billion, with money market assets reaching $525 billion, indicating solid asset growth in Q3 2023 [4][18] - Total revenue for Q3 decreased by $30.6 million from the prior quarter, primarily due to lower carried interest and performance fees, which were $14.9 million compared to $39.4 million in Q2 [20] - Operating expenses decreased by $33.6 million from the prior quarter, attributed to lower compensation related to carried interest and performance fees [21] Business Line Data and Key Metrics Changes - Equity assets decreased by $5.7 billion to $77.3 billion due to market losses and net redemptions, with Q3 net redemptions of $2.4 billion [5] - Fixed income separate accounts reached a record high of $47.2 billion, with net sales of $3.8 billion driven by institutional mandates [14] - Money market mutual fund assets were at $385 billion, contributing to the overall money market assets of $525 billion [18] Market Data and Key Metrics Changes - The money market mutual fund market share increased to approximately 7.3% at the end of Q3, up from 7.2% at the end of Q2 [12] - Fixed income funds had net redemptions of about $684 million, while fixed income SMAs had record gross and net sales of $572 million and $320 million, respectively [8][9] Company Strategy and Development Direction - The company is focused on expanding its fixed income and private market strategies, with expected additions totaling about $3.1 billion in fixed income and $1.5 billion in private market strategies [11] - Federated Hermes is actively pursuing inorganic growth opportunities, with a strong appetite for acquisitions, particularly in the alternative markets and private equity sectors [42][86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for money market funds as interest rates peak, anticipating increased institutional flows [27][30] - The company remains cautious about predicting future performance due to uncertainties in the market and the economic environment [84] Other Important Information - The company has initiated a new $5 million share buyback program, marking its 16th buyback initiative [43] - Cash and investments at the end of Q3 totaled $554 million, with $486 million available [22] Q&A Session Summary Question: Outlook for money market assets in the context of rates - Management expects institutional flows to increase as rates peak, with retail side performing well due to attractive yields [27][30] Question: Why not do more stock repurchases given available cash? - Management indicated a willingness to repurchase shares but emphasized the need for strategic timing [41][43] Question: Are investors over-indexed to cash? - Management noted uncertainty among retail clients, suggesting they may hold more cash than expected, but lacked specific statistics [49] Question: Timing of unfunded pipeline and investor profile - Management indicated that discussions with investors are challenging, but core shareholders remain optimistic due to solid yields [78] Question: Forward thoughts on G&A expenses - Management expects G&A expenses to remain stable, with potential increases tied to asset growth [81]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________________ FORM 10-Q _______________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...