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? We'll need to take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks ...

Investors in Federated Hermes, Inc. (FHI) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $25 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

Federated Hermes, Inc.'s (FHI) continued strategic acquisition of money market assets supports assets under management (AUM) growth. However, escalating expenses and a significant dependence on net investment advisory fees are worrisome. Shares of this Zacks Rank #3 (Hold) company have gained 4.4% compared with the industry's growth of 8.5% in the past three months. Image Source: Zacks Investment Research Factors Driving Federated Stock Acquiring money market assets depicts the buoyancy of Federated in the ...

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 MDT Large Cap Core ETF (FLCC) Federated Hermes MDT Large Cap Growth ET ...

(a) not applicable. The following exhibits required to be filed or furnished by Item 601 of Regulation S-K are filed or furnished herewith and incorporated by reference herein: Net income decreased $45.7 million for the six-month period ended June 30, 2024, as compared to the same period in 2023, primarily as a result of the changes in revenues, expenses, nonoperating income (expenses) and income taxes noted above. Diluted earnings per share for the six-month period ended June 30, 2024 decreased $0.47, as c ...

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 - Deut ...

Net income (GAAP basis) of $21 million plunged 71% from the year-ago quarter's tally. Our Viewpoint Strong Asset Position An increase in net administrative service fees is a major driving factor. The company's assets under management (AUM) touched a record level. However, the downtick in revenues and a higher expense base acted as a headwind. Total revenues declined 7% year over year to $402.6 million. The top line surpassed the Zacks Consensus Estimate of $397.4 million. Quarterly net investment advisory f ...

Core Viewpoint - Federated Hermes reported a mixed financial performance for the quarter ended June 2024, with a decline in revenue but an increase in earnings per share (EPS) compared to the previous year [2]. Financial Performance - Revenue for the quarter was $402.58 million, down 7.1% year-over-year, but exceeded the Zacks Consensus Estimate by 1.31% [2]. - EPS was reported at $0.96, an increase from $0.81 in the same quarter last year, representing a surprise of 7.87% over the consensus estimate of $0.89 [2]. Managed Assets Overview - Managed Assets in Alternative/private markets were $20.06 billion, slightly below the average estimate of $20.64 billion [4]. - Managed Assets in Multi-asset were $2.88 billion, slightly above the average estimate of $2.84 billion [4]. - Total long-term assets managed were $196.08 billion, exceeding the average estimate of $195.26 billion [4]. - Money market managed assets were $586.65 billion, surpassing the average estimate of $560.22 billion [4]. Revenue Breakdown - Administrative service fees, net, were $95.35 million, exceeding the average estimate of $91.47 million, with a year-over-year increase of 11.9% [4]. - Other service fees, net, were $36.62 million, slightly below the average estimate of $36.99 million, reflecting a year-over-year decline of 2.9% [4]. - Investment advisory fees, net, were $270.62 million, above the average estimate of $267.01 million, but showed a year-over-year decrease of 12.8% [4].

This quarterly report represents an earnings surprise of 7.87%. A quarter ago, it was expected that this one of the nation's largest managers of money market funds would post earnings of $0.89 per share when it actually produced earnings of $0.89, delivering no surprise. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. What's Next for Federated Hermes? Empiric ...

Exhibit 99.1 Federated Hermes, Inc. reports record assets under management with second quarter 2024 earnings (PITTSBURGH, Pa., July 25, 2024) — 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 ...