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.
Overview of Federated Hermes Inc.
Federated Hermes Inc. (FHI) is a globally recognized provider of asset management and investment solutions. With a strong commitment to responsible investing and active stewardship, the company delivers a wide spectrum of services that include equity, fixed income, alternative/private markets, multi-asset strategies, as well as liquidity and cash management solutions. The company leverages sophisticated quantitative research and an experienced management team to help investors achieve better risk-adjusted returns while promoting long-term wealth creation.
Core Business Areas
At its core, Federated Hermes is dedicated to managing a diverse range of investment products. Its main business areas include:
- Equity and Fixed Income Solutions: Offering innovative strategies designed to capture opportunities in both growth and income markets.
- Alternative and Multi-Asset Investments: Delivering specialized products that incorporate alternative investments, structured solutions, and diversified multi-asset strategies to enhance portfolio performance.
- Liquidity and Cash Management: Providing advanced money market and liquidity solutions that support investors in managing short-term cash needs and optimizing returns.
Investment Philosophy and Responsible Investing
Federated Hermes is guided by the belief that responsible investing is the pathway to sustainable long-term gains. The company actively engages with the companies in which it invests, addressing strategic and sustainability concerns that foster responsible corporate governance and long-term performance. This approach not only aligns with its fiduciary duty to protect and award investor interests, but it also contributes to positive outcomes beyond traditional financial metrics.
Market Position and Distribution Channels
Federated Hermes stands out in the competitive landscape of asset management due to its diversified product offerings and a robust network of global distribution channels. Its investment solutions are delivered through:
- Institutional Investors: Serving corporations, government entities, insurance companies, foundations, endowments, banks, and broker/dealers.
- Retail and Intermediary Channels: Through trust banks, wealth managers, and retail broker/dealers, the firm reaches individual investors looking for well-managed retirement solutions and other investment opportunities.
Expertise and Operational Excellence
With decades of experience across various market cycles, Federated Hermes employs a systematic, research-driven approach to managing its funds. The use of advanced data analytics, quantitative models, and a disciplined stock-selection process underpins its equity and fixed-income strategies. This method not only reinforces the company’s reputation as a reliable asset manager but also ensures that each strategy is robust, testable, and repeatable. Investors benefit from products designed to respond dynamically to changing market conditions while minimizing subjective risk.
Key Strategic Features
The company’s operational blueprint is characterized by:
- Diversified Investment Expertise: Managing a broad mix of assets ranging from money market funds to long-term investments, thereby ensuring a balanced risk-return profile.
- Global Outreach: With active involvement in markets around the world, Federated Hermes effectively caters to diverse investor needs, further strengthening its market presence.
- Commitment to Stewardship: Using its influential stewardship services, the firm engages with portfolio companies to drive better management practices and sustainability, promoting enhanced long-term performance and governance.
- Innovative Liquidity Solutions: Its cash-management strategies are designed to optimize yield and meet the liquidity demands of modern portfolios.
Comprehensive Investment Solutions
The company’s extensive suite of products is aimed at delivering tailored investment outcomes for a wide array of investors. On one hand, its equity and fixed-income strategies provide avenues for capital appreciation and income generation. On the other hand, its alternative and multi-asset solutions are crafted to meet the unique needs of institutional investors looking for diversification beyond traditional asset classes. Overall, Federated Hermes’ offerings are underpinned by a disciplined, analytical approach that seeks to blend performance with prudent risk management.
Conclusion
Federated Hermes Inc. remains dedicated to delivering superior asset management services by combining experienced market insights, innovative research methodologies, and a strong commitment to responsible investing. Through its comprehensive investment solutions and dynamic approach to portfolio management, the company continues to offer investors an opportunity to achieve balanced, long-term financial outcomes while maintaining a high standard of fiduciary responsibility.
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.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.0400 per share, representing a $0.0020 increase from the previous month. The dividend will be payable on January 2, 2025, to shareholders of record as of December 23, 2024.
The dividend increase stems from higher portfolio income achieved by reducing mid- and high-quality securities in favor of higher-yielding BBB and lower-rated securities. Additionally, the fund announced board changes effective January 1, 2025, with Maureen Lally-Green and P. Jerome Richey retiring, and Karen L. Larrimer, Max F. Miller, and Frank J. Nasta joining as independent trustees.
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 October 31, 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 provides various investment solutions including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. With headquarters in Pittsburgh, the company employs more than 2,000 people across offices in London, New York, Boston, and worldwide.
Federated Hermes (NYSE: FHI) reported record Q3 2024 results with total assets under management reaching $800.5 billion, up 12% year-over-year. The company achieved earnings per share of $1.06, compared to $0.86 in Q3 2023, with net income of $87.5 million. Money market assets hit a record $593.0 billion, while fixed-income assets reached a record $100.2 billion. The board declared a $0.31 per share dividend and authorized a new 5-million share repurchase program. Revenue increased by $5.8 million or 1% year-over-year, primarily driven by higher average money market assets.
Federated Hermes, Inc. (NYSE: FHI) has announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of Sept. 30, 2024, is now available on their website. Interested parties can access this information in the Products section of FederatedHermes.com/us.
For those preferring hard copies or to be added to a mailing list, contact options are provided. Federated Hermes, Inc. is described as a global leader in active, responsible investment management, with $782.7 billion in assets under management as of June 30, 2024. The company offers a range of investment solutions across various asset classes and strategies to over 10,000 institutions and intermediaries worldwide.
Headquartered in Pittsburgh, Federated Hermes employs more than 2,000 people globally, with offices in London, New York, Boston, and other locations worldwide.
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