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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 announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of May 31, 2024, is now available on their website.
Federated Hermes manages $778.7 billion in assets as of March 31, 2024.
The company provides various investment solutions and serves more than 10,000 institutions globally.
They have over 2,000 employees and several offices worldwide, including in London, New York, and Boston.
For more information, visit their website or contact them via phone or email.
The Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has scheduled its annual shareholders meeting for November 8, 2024. This announcement was made by Federated Hermes, a global leader in active and responsible investment management, with assets under management totaling $778.7 billion as of March 31, 2024. The company, headquartered in Pittsburgh, offers equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to over 10,000 institutions worldwide. Federated Hermes employs more than 2,000 people across its various offices, including locations in London, New York, and Boston. For further details, visit FederatedHermes.com/us.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) declared a dividend of $0.0380 per share, reflecting a $0.0030 increase from the previous month. The dividend is exempt from federal income tax and federal alternative minimum tax (AMT). The record date is June 21, 2024, and the payable date is July 1, 2024. The increase is attributed to higher portfolio income from reinvestment at higher market yields and stabilized financing costs, as the Federal Reserve has held interest rates steady since July 2023. Federated Hermes, a global leader in investment management, manages $778.7 billion in assets as of March 31, 2024, and offers various investment solutions to over 10,000 institutions worldwide.
Federated Hermes, a global leader in active investment management, announced the release of monthly fund composition and performance data for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of April 30, 2024. This data is accessible on the company's website. Federated Hermes manages $778.7 billion in assets and offers various investment solutions. Headquartered in Pittsburgh, it employs over 2,000 people globally.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend to provide investors with current dividend income exempt from regular federal income tax and the federal alternative minimum tax (AMT). The dividend per share amount has changed from the previous month. Investors can access additional portfolio information on FederatedHermes.com/us.
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