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Federated Hermes, Inc. (NYSE: FHI) is a global leader in active, responsible investment management. Headquartered in Pittsburgh, the company oversees $757.6 billion in assets as of December 31, 2023, across a spectrum of strategies, including equity, fixed income, alternative/private markets, multi-asset, and liquidity management solutions. Federated Hermes aims to help clients achieve better risk-adjusted returns through its specialized capabilities and world-leading stewardship services.
Federated Hermes' core business focuses on providing asset management services to institutional and individual investors. Their products are distributed through various channels, including trust banks, wealth managers, retail broker-dealers (63% of AUM), institutional investors (28%), and international clients (9%). The company's cash-management operations are particularly significant, contributing around 46% of its revenue.
The firm has been recognized for its commitment to responsible investing, emphasizing strategic and sustainability concerns to enhance long-term investor performance. Federated Hermes has garnered a reputation for delivering investment solutions that cater to over 11,000 institutions and intermediaries globally, including corporations, government entities, insurance companies, foundations, and banks.
Recent achievements include record managed assets and significant demand for their prime money market offerings in the current interest rate environment. For Q3 2023, Federated Hermes reported earnings per diluted share (EPS) of $0.86, up from $0.78 in Q3 2022, with total managed assets reaching a record $715.2 billion.
The company continues to innovate and expand its global footprint, with strategic leadership at the helm. For instance, the recent appointment of Karen L. Hanlon to the board as an independent director exemplifies its commitment to enhancing shareholder value through strategic vision and financial insights.
Latest news includes upcoming reports on financial results and earnings calls, reflecting Federated Hermes' transparency and continuous engagement with investors. The company maintains a focus on growth and sustainable investment strategies to navigate market volatility and deliver value to its stakeholders.
Federated Hermes (NYSE: FHI), a global leader in active investment management, has filed its annual report on Form 10-K with the SEC for the fiscal year ended December 31, 2024. The company reported $829.6 billion in assets under management as of December 31, 2024.
The company serves over 10,000 institutions and intermediaries worldwide, providing equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. Their client base includes corporations, government entities, insurance companies, foundations, endowments, banks, and broker/dealers.
Federated Hermes maintains a global presence with more than 2,000 employees across offices in Pittsburgh (headquarters), London, New York, Boston, and worldwide locations.
Federated Hermes (NYSE: FHI), a global investment management leader with $829.6 billion in assets under management, announced that President and CEO J. Christopher Donahue will present at the 2025 RBC Capital Markets Global Financial Institutions Conference.
The presentation is scheduled for March 4, 2025, from 10:40 to 11:10 a.m. ET. Investors can access the live webcast through FederatedHermes.com/us, with registration required at least 15 minutes before the presentation.
The company serves over 10,000 institutions and intermediaries worldwide, offering equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. With headquarters in Pittsburgh, Federated Hermes employs more than 2,000 people across offices in London, New York, Boston, and worldwide.
Federated Hermes (NYSE: FHI) has announced the availability of monthly fund composition and performance data for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of January 31, 2025. The data can be accessed in the Products section of FederatedHermes.com/us.
Investors can obtain hard copies of this data by calling 800-245-0242 x5587538, emailing CEinfo@federatedhermes.com, or writing to their Pittsburgh address. The company manages $829.6 billion in assets as of December 31, 2024, serving over 10,000 institutions and intermediaries worldwide with various investment solutions including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies.
With more than 2,000 employees across offices in London, New York, Boston, and worldwide, Federated Hermes specializes in active, responsible investment management for diverse clients including corporations, government entities, insurance companies, foundations, endowments, and banks.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced its latest dividend declaration. The fund, which aims to provide tax-exempt dividend income from regular federal income tax and federal alternative minimum tax (AMT), will distribute $0.0400 per share. The dividend remains unchanged from the previous month.
The key dates for this dividend are: Record Date and Ex-Dividend Date: February 21, 2025, and Payable Date: March 3, 2025. Federated Hermes, Inc. (NYSE: FHI), the fund's manager, currently oversees $829.6 billion in assets as of December 31, 2024, serving over 10,000 institutions and intermediaries worldwide.
Federated Hermes (NYSE: FHI) announced key changes in its fixed-income team. Kathryn Glass has been appointed as co-head of the Domestic High Yield Group alongside Mark Durbiano. The high-yield team, consisting of 16 professionals, manages approximately $13 billion in US high-yield fixed income strategies, part of the firm's $98 billion in fixed-income assets.
The company also announced portfolio manager changes due to Jeff Kozemchak's retirement in May 2025. Ann Ferentino will join as portfolio manager for Municipal Ultrashort Fund and Short-Intermediate Municipal Fund, while Michael Sirianni Jr. will join the New York Municipal Cash Trust team. The municipal investment team manages about $23 billion in municipal strategies.
Federated Hermes currently manages $829.6 billion in total assets as of December 31, 2024, serving over 10,000 institutions and intermediaries worldwide.
Federated Hermes (NYSE: FHI) reported Q4 2024 earnings with EPS of $1.04, up from $0.96 in Q4 2023, while full-year 2024 EPS decreased to $3.23 from $3.40 in 2023. The company achieved record total assets under management of $829.6 billion, representing a 10% increase from the previous year.
The company's money market assets reached a record $630.3 billion, up 13% year-over-year. Equity assets remained relatively flat at $79.4 billion, while fixed-income assets increased 3% to $98.1 billion. Alternative/private markets assets decreased 8% to $18.9 billion.
The board declared a quarterly dividend of $0.31 per share, payable on February 14, 2025. During Q4 2024, the company purchased 552,533 shares of Class B common stock for $22.1 million, bringing the total 2024 share repurchases to 4,012,017 shares for $133.6 million.
Federated Hermes (NYSE: FHI) has announced the availability of monthly fund composition and performance data for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of December 31, 2024. The data can be accessed in the Products section of FederatedHermes.com/us.
Investors can obtain hard copies of this data or join a mailing list by calling 800-245-0242 x5587538, emailing CEinfo@federatedhermes.com, or writing to their Pittsburgh address. The company manages $800.5 billion in assets as of September 30, 2024, serving over 10,000 institutions and intermediaries worldwide with various investment solutions including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies.
With headquarters in Pittsburgh and offices in London, New York, Boston, and worldwide locations, Federated Hermes employs more than 2,000 people, focusing on active, responsible investment management.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced its latest dividend declaration. The fund, which aims to provide tax-exempt dividend income from regular federal income tax and federal alternative minimum tax (AMT), will distribute $0.0400 per share. The dividend amount remains unchanged from the previous month.
The key dates for this dividend distribution are: Record Date and Ex-Dividend Date: January 23, 2025, and Payable Date: February 3, 2025. Federated Hermes, the parent company (NYSE: FHI), manages $800.5 billion in assets as of September 30, 2024, serving over 10,000 institutions and intermediaries worldwide with various investment solutions.
Federated Hermes (NYSE: FHI) has announced it will release its Q4 and full-year 2024 financial results after market close on January 30, 2025. The company will host a conference call for investors and analysts on January 31, 2025, at 9 a.m. Eastern, led by President and CEO J. Christopher Donahue and CFO Thomas R. Donahue.
The global investment management firm, which manages $800.5 billion in assets as of September 30, 2024, serves over 10,000 institutions and intermediaries worldwide. Investors can access the call via phone or through the company's website, with replay options available through both channels. The company employs more than 2,000 people across offices in Pittsburgh, London, New York, Boston, and other global locations.
Federated Hermes (NYSE: FHI) has announced the availability of monthly fund composition and performance data for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of November 30, 2024. The data can be accessed in the Products section of FederatedHermes.com/us.
The company, managing $800.5 billion in assets as of September 30, 2024, serves over 10,000 institutions and intermediaries worldwide. Federated Hermes specializes in active, responsible investment management, offering equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. With headquarters in Pittsburgh and over 2,000 employees across London, New York, Boston, and other global offices, they serve diverse clients including corporations, government entities, insurance companies, foundations, endowments, and financial institutions.
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