Total assets under management reach a record $800.5 billion Money market assets at record $593.0 billion; fixed income assets at record $100.2 billion Q3 2024 earnings per diluted share of $1.06 Board declares $0.31 per share dividend; authorizes new share repurchase programPITTSBURGH, Oct. 24, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $1.06 for Q3 2024, compared to $0.86 for the same quarter ...

Core Insights - Federated Hermes (FHI) is expected to report quarterly earnings of $0.92 per share, a 7% increase year-over-year, with revenues projected at $409.7 million, reflecting a 1.8% year-over-year growth [1] - Analysts have adjusted the consensus EPS estimate upward by 3.2% over the past 30 days, indicating a reassessment of initial projections [1] - The relationship between earnings estimate trends and short-term stock price movements is emphasized, highlighting the importance of earnings projections [1] Revenue Projections - Analysts estimate 'Revenue - Administrative service fees, net' to reach $94.90 million, a year-over-year increase of 7.8% [2] - 'Revenue - Other service fees, net' is projected at $38.06 million, indicating a 0.5% increase from the previous year [2] - 'Revenue - Investment advisory fees, net' is forecasted to be $275.34 million, reflecting a slight decline of 0.5% year-over-year [2] Managed Assets Estimates - 'Managed Assets - Asset Class - Alternative/private markets' is estimated at $20.68 billion, up from $20.34 billion in the same quarter last year [3] - 'Managed Assets - Asset Class - Multi-asset' is projected to reach $2.85 billion, compared to $2.73 billion in the previous year [3] - 'Managed Assets - Asset Class - Money market' is expected to be $582.90 billion, an increase from $525.09 billion year-over-year [3] Additional Managed Assets Insights - 'Managed Assets - Product Type - Alternative/private markets' is estimated at $12.52 billion, slightly up from $12.41 billion last year [3] - 'Managed Assets - Product Type - Multi-asset' is projected at $2.72 billion, compared to $2.60 billion in the same quarter last year [4] - 'Managed Assets - Asset Class - Fixed-income' is expected to reach $97.56 billion, up from $89.77 billion year-over-year [4] Separate Accounts Projections - 'Managed Assets - Separate Accounts - Alternative/private markets' is estimated at $8.16 billion, compared to $7.93 billion last year [4] - 'Managed Assets - Separate Accounts - Multi-asset' is projected at $137.90 million, up from $129 million in the same quarter last year [4] - 'Managed Assets - Separate Accounts - Money market' is expected to be $150.97 billion, an increase from $140.19 billion year-over-year [5] Stock Performance - Over the past month, Federated Hermes shares have returned +2.4%, slightly underperforming the Zacks S&P 500 composite's +2.7% [5] - Based on its Zacks Rank 2 (Buy), FHI is expected to outperform the overall market in the upcoming period [5]

Wall Street expects a year-over-year increase in earnings on higher revenues when Federated Hermes (FHI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are better ...

Federated Hermes (FHI) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. 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. The powe ...

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 ...

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].