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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.
The Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced a dividend of $0.0385 per share, payable on April 3, 2023. The record date is March 23, 2023, and the ex-dividend date is March 22, 2023. This tax-free dividend income is exempt from regular federal income tax and the alternative minimum tax (AMT). The recent increase is attributed to Federal Reserve rate hikes affecting leverage costs more than portfolio income. As of December 31, 2022, Federated Hermes managed $668.9 billion in assets, providing diverse investment solutions globally.
Federated Hermes, Inc. (NYSE: FHI), a leader in active, responsible investing, announced that its President and CEO, J. Christopher Donahue, will participate in a moderated discussion at the 2023 RBC Capital Markets Global Financials Conference on March 7, 2023, at approximately 2 p.m. Eastern Time. Interested investors can access the live webcast on FederatedInvestors.com, with a replay available for seven days. As of December 31, 2022, the firm manages $668.9 billion in assets, serving over 11,000 institutions globally.
Federated Hermes, Inc. (NYSE: FHI) filed its annual report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year ending December 31, 2022. As of year-end 2022, the firm managed $668.9 billion in assets. The company offers a diverse range of investment solutions, including equity, fixed-income, and alternative strategies, serving over 11,000 institutions and intermediaries globally. Headquartered in Pittsburgh, Federated Hermes employs nearly 2,000 staff across multiple locations, including London and New York. Annual report documents are available on their website and through EDGAR.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend of $0.041 per share. This dividend is exempt from regular federal income tax and the federal alternative minimum tax (AMT). Key dates include the record date on February 23, 2023, the ex-dividend date on February 22, 2023, and the payable date on March 1, 2023. Federated Hermes, Inc. (NYSE: FHI) manages $668.9 billion in assets as of December 31, 2022, offering diverse investment solutions globally.
Federated Hermes, Inc. (NYSE: FHI) reported Q4 2022 earnings per diluted share of $0.63, down from $0.71 in Q4 2021. Full-year EPS for 2022 was $2.65, compared to $2.75 in 2021. The results included a $31.5 million non-cash impairment charge, affecting Q4 EPS by ($0.27). Total assets under management reached a record $668.9 billion, a 7% increase from Q3 2022. A quarterly dividend of $0.27 per share was declared, payable on Feb. 15, 2023. Operating expenses rose by 33% to $77.1 million, while revenue increased by 16% to $52.3 million, despite decreases in equity and fixed-income assets.
Federated Hermes (NYSE: FHI) will release its financial results for Q4 and the year ended Dec. 31, 2022 on Jan. 26, 2023, after market close. A conference call with CEO J. Christopher Donahue and CFO Thomas R. Donahue is scheduled for Jan. 27, 2023, at 9 a.m. Eastern. The company manages approximately $624.4 billion in assets as of Sept. 30, 2022, serving over 11,000 clients globally. This call will provide insights into financial performance and market strategies.
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