Welcome to our dedicated page for Federated Hermes news (Ticker: FHI), a resource for investors and traders seeking the latest updates and insights on Federated Hermes stock.
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, Inc. (NYSE: FHI) will release its financial results for the third quarter of 2020 on October 29, 2020, after market close. A conference call for investors is scheduled for October 30, 2020, at 9 a.m. Eastern, hosted by CEO J. Christopher Donahue and CFO Thomas R. Donahue. As of June 30, 2020, the firm managed $628.8 billion in assets across diverse investment strategies, serving over 11,000 clients worldwide. For details, visit FederatedHermes.com.
Federated Hermes (NYSE: FHI) has partnered with PICTON S.A. to enhance its distribution in Latin America. This agreement allows PICTON to market Federated Hermes' funds to institutional clients in the region, focusing specifically on pension funds. With $628.8 billion in assets under management as of June 30, 2020, Federated Hermes aims to leverage PICTON's local expertise in Chile, Colombia, and Peru. The collaboration will involve PICTON providing due diligence and product analysis, thereby strengthening Federated Hermes' presence in the Latin American market.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a $0.050 tax-free dividend per share, with a record date of August 21, 2020 and an ex-dividend date of August 20, 2020. The dividend is exempt from federal income tax and the alternative minimum tax, benefiting investors seeking tax-efficient income. The payable date for the dividend is set for September 1, 2020.
Federated Hermes, Inc. (NYSE: FHI) manages $628.8 billion in assets as of June 30, 2020, and emphasizes responsible investing.
Federated Hermes, Inc. (NYSE: FHI) reported Q2 2020 earnings per diluted share of $0.80, up from $0.62 in Q2 2019, with net income increasing to $81.2 million. Year-to-date EPS reached $1.44, compared to $1.16 in 2019. Total managed assets hit a record $628.8 billion, up 25% year-over-year. Strong demand for fixed-income and money market strategies led to asset growth, with fixed-income assets rising to $73.1 billion. The board declared a quarterly dividend of $0.27 per share, payable August 14, 2020. However, equity assets decreased by 6% from the previous year due to net redemptions.
Federated Hermes Premier Municipal Income Fund has announced a dividend payment of $0.050 per share, with a record date of July 23, 2020 and an ex-dividend date on July 22, 2020. The dividend is exempt from federal income tax and AMT. This fund aims to provide investors with current dividend income while managing a portfolio of $605.8 billion in assets as of March 31, 2020. The payable date is set for August 3, 2020.
Federated Hermes, Inc. (NYSE: FHI) will release its financial results for the quarter ended June 30, 2020 on July 30, 2020, post-market. An investor conference call, led by CEO J. Christopher Donahue and CFO Thomas R. Donahue, is scheduled for 9 a.m. Eastern on July 31, 2020. The company manages $605.8 billion in assets as of March 31, 2020, offering a range of investment strategies. Interested investors can access the call via dial-in or online at FederatedHermes.com.
FAQ
What is the current stock price of Federated Hermes (FHI)?
What is the market cap of Federated Hermes (FHI)?
What does Federated Hermes, Inc. specialize in?
How much in assets does Federated Hermes manage?
Who are the primary clients of Federated Hermes?
What channels does Federated Hermes use to distribute its products?
How does Federated Hermes contribute to responsible investing?
What were the recent financial highlights for Federated Hermes?
What is the significance of Federated Hermes' cash-management operations?
Who recently joined the Board of Directors at Federated Hermes?
What are Federated Hermes' goals for its investors?
How does Federated Hermes maintain transparency with investors?
