Federated Hermes, Inc. is a leading global investment manager with $614.8 billion in assets under management as of Sept. 30, 2020. Guided by its conviction that responsible investing is the best way to create wealth over the long term, its investment solutions span equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies. Providing world- class active investment management and engagement services to more than 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes' more than 1,900 employees include those in London, New York, Boston and several other offices worldwide.
Company profile
Ticker
FHI
Exchange
Website
CEO
J. Christopher Donahue
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FEDERATED INVESTORS INC /PA/
SEC CIK
Corporate docs
Subsidiaries
EMPEF GP Limited, Guernsey company • Federated Administrative Services, Inc. • Federated Advisory Services Company • Federated Asset Management GmbH • Federated Equity Management Company • Federated Global Holdings LLC • Federated Global Investment Management Corp. • Federated Hermes (UK) LLP, a United Kingdom limited liability partnership • Federated Hermes Diversified Infrastructure GP LLP, (UK company • Federated Hermes European Direct Lending Fund II GP, Sarl ...
IRS number
251111467
SEC advisor number
801-78591
FINRA CRD number
169087
AUM ?
$19.96 bn
(as of 25 Jun 20)
Accounts
10
(as of 25 Jun 20)
Employees
16
(10 investment advisory or research)
Address
Federated Hermes
1001 LIBERTY AVENUE
PITTSBURGH
PA 15222
1001 LIBERTY AVENUE
PITTSBURGH
PA 15222
Phone
4122881900
Brochures
FHI stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-Q
2023 Q1
Quarterly report
2 May 23
8-K
Federated Hermes, Inc. reports first quarter 2023 earnings
27 Apr 23
DEF 14C
Information statement
15 Mar 23
10-K
2022 FY
Annual report
24 Feb 23
8-K
Federated Hermes, Inc. reports fourth quarter and full-year 2022 earnings
26 Jan 23
10-Q
2022 Q3
Quarterly report
1 Nov 22
8-K
Federated Hermes, Inc. reports third quarter 2022 earnings
27 Oct 22
10-Q
2022 Q2
Quarterly report
2 Aug 22
8-K
Federated Hermes, Inc. reports second quarter 2022 earnings
28 Jul 22
8-K
Entry into a Material Definitive Agreement
18 Jul 22
Transcripts
FHI
Earnings call transcript
2023 Q1
28 Apr 23
FHI
Earnings call transcript
2022 Q4
27 Jan 23
FHI
Earnings call transcript
2022 Q3
28 Oct 22
FHI
Earnings call transcript
2022 Q2
29 Jul 22
FHI
Earnings call transcript
2022 Q1
29 Apr 22
FHI
Earnings call transcript
2021 Q4
28 Jan 22
FHI
Earnings call transcript
2021 Q3
29 Oct 21
FHI
Earnings call transcript
2021 Q2
30 Jul 21
FHI
Earnings call transcript
2021 Q1
30 Apr 21
FHI
Earnings call transcript
2020 Q4
29 Jan 21
Latest ownership filings
144
Notice of proposed sale of securities
26 May 23
144
Notice of proposed sale of securities
26 May 23
4
Paul A Uhlman
26 May 23
4
Peter J Germain
26 May 23
4
J CHRISTOPHER DONAHUE
26 May 23
4
J CHRISTOPHER DONAHUE
22 May 23
4
THOMAS R DONAHUE
19 May 23
4
J CHRISTOPHER DONAHUE
15 May 23
4
Saker Anwar Nusseibeh
12 May 23
4
J CHRISTOPHER DONAHUE
12 May 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 328.24 mm | 328.24 mm | 328.24 mm | 328.24 mm | 328.24 mm | 328.24 mm |
| Cash burn (monthly) | 4.24 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 8.40 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 319.84 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 75.5 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
86.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 308 |
| Opened positions | 41 |
| Closed positions | 40 |
| Increased positions | 118 |
| Reduced positions | 111 |
| 13F shares | Current |
|---|---|
| Total value | 2.85 tn |
| Total shares | 77.25 mm |
| Total puts | 12.60 k |
| Total calls | 283.90 k |
| Total put/call ratio | 0.0 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 11.69 mm | $469.37 bn |
| Vanguard | 8.73 mm | $350.41 bn |
| Setanta Asset Management | 5.51 mm | $179.64 mm |
| Schneider Downs Wealth Management Advisors | 4.47 mm | $179.31 bn |
| FMR | 3.11 mm | $125.00 bn |
| STT State Street | 2.90 mm | $116.33 bn |
| IVZ Invesco | 2.72 mm | $109.00 bn |
| Citadel Advisors | 2.29 mm | $91.77 bn |
| Dimensional Fund Advisors | 2.28 mm | $91.50 bn |
| BK Bank Of New York Mellon | 2.01 mm | $80.54 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 26 May 23 | Germain Peter J | Class B Common Stock | Sell | Dispose S | No | No | 35.471 | 2,380 | 84.42 k | 205,095 |
| 26 May 23 | Uhlman Paul A | Class B Common Stock | Sell | Dispose S | No | No | 35.387 | 995 | 35.21 k | 369,078 |
| 25 May 23 | J Christopher Donahue | Class B Common Stock | Sell | Dispose S | Yes | No | 35.3759 | 75,000 | 2.65 mm | 52,963 |
| 24 May 23 | J Christopher Donahue | Class B Common Stock | Sell | Dispose S | Yes | No | 35.3467 | 25,000 | 883.67 k | 127,963 |
| 19 May 23 | Donahue Thomas R | Class B Common Stock | Gift | Dispose G | No | No | 0 | 15,000 | 0.00 | 577,212 |
| 19 May 23 | J Christopher Donahue | Class B Common Stock | Sell | Dispose S | Yes | No | 36.4134 | 50,000 | 1.82 mm | 152,963 |
| 18 May 23 | J Christopher Donahue | Class B Common Stock | Sell | Dispose S | Yes | No | 36.7117 | 75,000 | 2.75 mm | 202,963 |
News
10 Financials Stocks With Whale Alerts In Today's Session
29 May 23
Expert Ratings for Federated Hermes
1 May 23
RBC Capital Reiterates Sector Perform on Federated Hermes, Maintains $39 Price Target
1 May 23
Keefe, Bruyette & Woods Maintains Outperform on Federated Hermes, Lowers Price Target to $48
1 May 23
Federated Hermes Q1 EPS $0.78 Beats $0.73 Estimate, Sales $382.19M Miss $387.03M Estimate
27 Apr 23
Press releases
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
15 May 23
Federated Hermes Premier Municipal Income Fund declares dividend
10 May 23
Federated Hermes, Inc. reports first quarter 2023 earnings
27 Apr 23
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
17 Apr 23
Federated Hermes Premier Municipal Income Fund declares dividend
10 Apr 23