Federated Hermes, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. The firm makes its fixed income investments in ultra-short, short-term, and intermediate-term mortgage-backed, U.S. Government, U.S. corporate, high yield, and municipal securities. It employs both fundamental and quantitative analysis to make its equity investments. Federated Hermes, Inc. was founded in 1955 and is based in Pittsburgh, Pennsylvania with additional offices in New York City and London, United Kingdom.
IPO Year:
Exchange: NYSE
Website: federatedinvestors.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | $35.00 → $46.00 | Hold → Buy | TD Cowen |
| 1/5/2024 | $35.00 | Neutral | UBS |
| 1/4/2024 | $32.00 | Market Perform | TD Cowen |
| 4/11/2023 | $35.00 → $47.00 | Underweight → Overweight | JP Morgan |
| 6/29/2022 | $32.00 → $40.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/12/2022 | $198.50 → $28.50 | Neutral → Sell | Citigroup |
| 3/9/2022 | $29.50 | Neutral | Citigroup |
| 2/18/2022 | $45.00 → $42.00 | Buy | Deutsche Bank |
| 12/17/2021 | $35.00 → $45.00 | Hold → Buy | Deutsche Bank |
TD Cowen upgraded Federated Hermes from Hold to Buy and set a new price target of $46.00 from $35.00 previously
UBS initiated coverage of Federated Hermes with a rating of Neutral and set a new price target of $35.00
TD Cowen initiated coverage of Federated Hermes with a rating of Market Perform and set a new price target of $32.00
JP Morgan upgraded Federated Hermes from Underweight to Overweight and set a new price target of $47.00 from $35.00 previously
Keefe Bruyette upgraded Federated Hermes from Mkt Perform to Outperform and set a new price target of $40.00 from $32.00 previously
Citigroup downgraded Federated Hermes from Neutral to Sell and set a new price target of $28.50 from $198.50 previously
Citigroup resumed coverage of Federated Hermes with a rating of Neutral and set a new price target of $29.50
Deutsche Bank reiterated coverage of Federated Hermes with a rating of Buy and set a new price target of $42.00 from $45.00 previously
Deutsche Bank upgraded Federated Hermes from Hold to Buy and set a new price target of $45.00 from $35.00 previously
JP Morgan downgraded Federated Hermes from Neutral to Underweight and set a new price target of $27.00 from $32.00 previously
4 - FEDERATED HERMES, INC. (0001056288) (Issuer)
4 - FEDERATED HERMES, INC. (0001056288) (Issuer)
4 - FEDERATED HERMES, INC. (0001056288) (Issuer)
4 - FEDERATED HERMES, INC. (0001056288) (Issuer)
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4 - FEDERATED HERMES, INC. (0001056288) (Issuer)
4 - FEDERATED HERMES, INC. (0001056288) (Issuer)
4 - FEDERATED HERMES, INC. (0001056288) (Issuer)
4 - FEDERATED HERMES, INC. (0001056288) (Issuer)
JP Morgan analyst Kenneth Worthington maintains Federated Hermes (NYSE:FHI) with a Overweight and raises the price target from $46 to $47.
UBS analyst Adam Beatty maintains Federated Hermes (NYSE:FHI) with a Neutral and lowers the price target from $36 to $35.
Federated Hermes (NYSE:FHI) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 1 0 0 Analysts have set 12-month price targets for Federated Hermes, revealing an average target of $39.25, a high estimate of $47.00, and a low estimate of $34.00. Observing a downward trend, the current average is 0.63%
TD Cowen analyst Bill Kirk maintains Federated Hermes (NYSE:FHI) with a Hold and lowers the price target from $36 to $34.
Evercore ISI Group analyst John Dunn maintains Federated Hermes (NYSE:FHI) with a Outperform and lowers the price target from $39 to $37.
Federated Hermes (NYSE:FHI) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.84 by 5.95 percent. This is a 14.1 percent increase over earnings of $0.78 per share from the same period last year. The company reported quarterly sales of $396.371 million which missed the analyst consensus estimate of $401.259 million by 1.22 percent. This is a 3.71 percent increase over sales of $382.189 million the same period last year.
Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Federated Hermes (NYSE:FHI) in the last three months. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 1 2 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $39.0, a high estimate of $44.00, and a low estimate of $36.00. Observing a 4.84% i
UBS analyst Adam Beatty maintains Federated Hermes (NYSE:FHI) with a Neutral and raises the price target from $37 to $39.
In the preceding three months, 7 analysts have released ratings for Federated Hermes (NYSE:FHI), presenting a wide array of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 5 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 3 0 0 3M Ago 0 0 2 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $37.14, along with a high estimate of $44.00 and a low estimate of $32.00. This current average has
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Total assets under management reach a record $800.5 billionMoney market assets at record $593.0 billion; fixed income assets at record $100.2 billionQ3 2024 earnings per diluted share of $1.06Board declares $0.31 per share dividend; authorizes new share repurchase programPITTSBURGH, Oct. 24, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE:FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $1.06 for Q3 2024, compared to $0.86 for the same quarter last year, on net income of $87.5 million for Q3 2024, compared to $75.0 million for Q3 2023. Federated Hermes' total managed assets were a record $800.5 billion at Sept. 30, 2024, up $85.3 b
PITTSBURGH, Oct. 15, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE:FHI), a global leader in active investing, today 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 in the Products section of FederatedHermes.com/us. To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x5587538, email [email protected] or write to Federated Hermes, 1001 Liberty Avenue, Floor 23, Pittsburgh, PA 15222. Federated Hermes, Inc. (NYSE:FHI) is a global leader in active, responsible investment management, with $782.7 billion in assets under management, as of
PITTSBURGH, Oct. 15, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced today that in accordance with the terms of its tender offer, since the tender offer was oversubscribed, it will purchase 32% of its issued and outstanding common shares on a pro rata basis, with appropriate adjustment to avoid purchase of fractional shares (the "proration factor"). The purchase price is $12.67 per common share, which is 99% of the net asset value per common share determined as of the close of the regular trading session of the New York Stock Exchange on Oct. 11, 2024. A total of 4,988,295 common shares were properly tendered and not withdrawn by Oct. 11, 2024, the
PITTSBURGH, Oct. 14, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced today that its tender offer for 3,679,390 of its issued and outstanding common shares, representing approximately 32% of its outstanding common shares, expired at 5 p.m. Eastern on Oct. 11, 2024. The offer was oversubscribed. Because the number of shares tendered exceeded the number of shares the fund offered to purchase, the fund will purchase the maximum percentage of outstanding shares it previously announced on a pro-rata basis in accordance with the number of shares duly tendered by tendering stockholders and the terms of the Offer to Purchase (with appropriate adjustment to avo
PITTSBURGH, Oct. 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT). Tax-Free Dividend Per Share Record Date: Oct. 23, 2024 Ex-Dividend Date: Oct. 23, 2024 Payable Date: Nov. 1, 2024 Amount Change From Previous Month $0.0380 $0.0000 Investors can view additional portfolio information in the Products section of FederatedHermes.com/us. Federated Hermes, Inc. (NYSE:FHI) is a global leader in active, responsible investment m
PITTSBURGH, Oct. 7, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, will report financial and operating results for the quarter ended Sept. 30, 2024 after the market closes on Thursday, Oct. 24, 2024. A conference call for investors and analysts will be held at 9 a.m. Eastern on Friday, Oct. 25, 2024. President and Chief Executive Officer J. Christopher Donahue and Chief Financial Officer Thomas R. Donahue will host the call. Investors interested in listening to the conference call should dial 888-506-0062 (domestic) or 973-528-0011 (international) or visit FederatedHermes.com/us for real-time Internet access. To listen online, go to the About s
Newest MDT product aims to meet growing demand for retirement products PITTSBURGH, Sept. 26, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investment management, today announced the launch of the Federated Hermes MDT Mid Cap Growth Collective Investment Fund, a strategy for qualified retirement plan investors. The fund pursues capital appreciation by investing in a diversified portfolio of US mid-cap growth companies. The Federated Hermes MDT stock-selection process utilizes cutting-edge research, technology and daily data from multiple market cycles—conferring the advantages of discipline, testability and repeatability. Through a bottom-up, systematic a
PITTSBURGH, Sept. 16, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE:FHI), a global leader in active investing, today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE:FMN) as of Aug. 31, 2024, is now available in the Products section of FederatedHermes.com/us. To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x5587538, email [email protected] or write to Federated Hermes, 1001 Liberty Avenue, Floor 23, Pittsburgh, PA 15222. Federated Hermes, Inc. (NYSE:FHI) is a global leader in active, responsible investment management, with $782.7 billion in assets under management, as of
PITTSBURGH, Sept. 13, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced today that it commenced a tender offer for up to 32 percent of its outstanding common shares. The fund's tender offer will expire on Oct. 11, 2024, at 5 p.m. ET. The fund is offering to purchase its outstanding common shares at a price per share equal to 99 percent of its net asset value per share in U.S. dollars as determined as of the end of regular trading on the NYSE on Oct. 11, 2024. As described in the tender offer materials, if more than 32 percent of the fund's outstanding common shares are duly tendered (and not withdrawn) prior to the expiration date, the fund will repurc
PITTSBURGH, Sept. 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT). Tax-Free Dividend Per Share Record Date: Sept. 23, 2024 Ex-Dividend Date: Sept. 23, 2024 Payable Date: Oct. 1, 2024 Amount Change From Previous Month $0.0380 $0.0000 Investors can view additional portfolio information in the Products section of FederatedHermes.com/us. Federated Hermes,
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Total assets under management reach a record $800.5 billionMoney market assets at record $593.0 billion; fixed income assets at record $100.2 billionQ3 2024 earnings per diluted share of $1.06Board declares $0.31 per share dividend; authorizes new share repurchase programPITTSBURGH, Oct. 24, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE:FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $1.06 for Q3 2024, compared to $0.86 for the same quarter last year, on net income of $87.5 million for Q3 2024, compared to $75.0 million for Q3 2023. Federated Hermes' total managed assets were a record $800.5 billion at Sept. 30, 2024, up $85.3 b
PITTSBURGH, Oct. 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT). Tax-Free Dividend Per Share Record Date: Oct. 23, 2024 Ex-Dividend Date: Oct. 23, 2024 Payable Date: Nov. 1, 2024 Amount Change From Previous Month $0.0380 $0.0000 Investors can view additional portfolio information in the Products section of FederatedHermes.com/us. Federated Hermes, Inc. (NYSE:FHI) is a global leader in active, responsible investment m
PITTSBURGH, Oct. 7, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, will report financial and operating results for the quarter ended Sept. 30, 2024 after the market closes on Thursday, Oct. 24, 2024. A conference call for investors and analysts will be held at 9 a.m. Eastern on Friday, Oct. 25, 2024. President and Chief Executive Officer J. Christopher Donahue and Chief Financial Officer Thomas R. Donahue will host the call. Investors interested in listening to the conference call should dial 888-506-0062 (domestic) or 973-528-0011 (international) or visit FederatedHermes.com/us for real-time Internet access. To listen online, go to the About s
PITTSBURGH, Sept. 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT). Tax-Free Dividend Per Share Record Date: Sept. 23, 2024 Ex-Dividend Date: Sept. 23, 2024 Payable Date: Oct. 1, 2024 Amount Change From Previous Month $0.0380 $0.0000 Investors can view additional portfolio information in the Products section of FederatedHermes.com/us. Federated Hermes,
PITTSBURGH, Aug. 12, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE:FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT). Tax-Free Dividend Per Share Record Date: Aug. 23, 2024 Ex-Dividend Date: Aug. 23, 2024 Payable Date: Sept. 3, 2024 Amount Change From Previous Month $0.0380 $0.0000 Investors can view additional portfolio information in the Products section of FederatedHermes.com/us. Federated Hermes, Inc. (NYSE:FHI) is a global leader in
• New products double the number of Federated Hermes ETFs PITTSBURGH, July 31, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE:FHI), a global leader in investment management, today announced the launch of four actively managed ETFs that take a quantitative approach to stock selection. The new products offer investors another way to access the disciplined Federated Hermes MDT investment process, crafted and refined for more than 30 years and now available in an ETF structure. The new ETFs offer core and style-specific bottom-up strategies based on the Federated Hermes MDT approach, all seeking long-term capital appreciation by investing primarily in stocks of U.S. companies. The new ETFs
Total assets under management reach a record $782.7 billionMoney market assets reach a record $586.6 billion Q2 2024 earnings per diluted share of $0.20, including a ($0.76) per diluted share non-cash intangible asset impairment chargeBoard declares $0.31 per share dividendPITTSBURGH, July 25, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE:FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $0.20 for Q2 2024, compared to $0.81 for the same quarter last year, on net income of $21.0 million for Q2 2024, compared to $72.2 million for Q2 2023. Federated Hermes' Q2 2024 results include a $66.3 million non-cash expense, or ($0.76) per dilut
PITTSBURGH, July 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT). Tax-Free Dividend Per Share Record Date: July 23, 2024 Ex-Dividend Date: July 23, 2024 Payable Date: Aug. 1, 2024 Amount Change From Previous Month $0.0380 $0.0000 Investors can view additional portfolio information in the Products section of FederatedHermes.com/us. Federated Hermes, Inc. (N
PITTSBURGH, July 2, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, will report financial and operating results for the quarter ended June 30, 2024 after the market closes on Thursday, July 25, 2024. A conference call for investors and analysts will be held at 9 a.m. Eastern on Friday, July 26, 2024. President and Chief Executive Officer J. Christopher Donahue and Chief Financial Officer Thomas R. Donahue will host the call. Investors interested in listening to the conference call should dial 888-506-0062 (domestic) or 973-528-0011 (international) or visit FederatedHermes.com/us for real-time Internet access. To listen online, go to the About se
PITTSBURGH, June 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE:FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT). Tax-Free Dividend Per Share Record Date: June 21, 2024 Ex-Dividend Date: June 21, 2024 Payable Date: July 1, 2024 Amount Change From Previous Month $0.0380 $0.0030 The increase in the dividend is the result of higher portfolio income from reinvestment at higher market yields and some stability in financing costs due to the Federal Reserve holding short-te