Federated Rides on Acquisitions and AUM Growth, High Costs Ail

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 ...