Market Summary
USD39.61+0.38
Market Closed0.97%
FHI Alerts
FHI Stock Price
FHI RSI Chart
FHI Valuation
FHI Profitability
FHI Fundamentals
FHI Revenue
FHI Earnings
Price Action
52 Week Range
27.2041.43
(Low)(High)
Last 7 days
-1.2%
Last 30 days
2.0%
Last 90 days
10.9%
Trailing 12 Months
19.9%
FHI Financial Health
FHI Investor Care
Financials for Federated Hermes
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 3.7% | 1,446 | 1,394 | 1,339 | 1,284 | 1,300 |
| Operating Expenses | 7.5% | 1,109 | 1,032 | 976 | 931 | 934 |
| EBITDA | -5.1% | 313 | 330 | 366 | 393 | - |
| EBITDA Margin | -12.1% | 0.22* | 0.25* | 0.28* | 0.30* | - |
| Earnings Before Taxes | -5.1% | 306 | 323 | 330 | 349 | 376 |
| EBT Margin | -8.5% | 0.21* | 0.23* | 0.25* | 0.27* | 0.29* |
| Interest Expenses | 534.1% | 7.00 | 1.00 | - | - | - |
| Net Income | -4.8% | 239 | 252 | 253 | 252 | 270 |
| Net Income Margin | -8.2% | 0.17* | 0.18* | 0.19* | 0.20* | 0.21* |
| Free Cahsflow | 25.7% | 320 | 254 | 185 | 171 | 160 |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 2.4% | 2,020 | 1,973 | 1,952 | 2,019 | 2,018 |
| Current Assets | 3.3% | 651 | 630 | 561 | 582 | 559 |
| Cash Equivalents | 10.6% | 337 | 305 | 249 | 262 | 233 |
| Net PPE | -5.8% | 36.00 | 38.00 | 42.00 | 45.00 | 47.00 |
| Goodwill | 4780.6% | 800 | 16.00 | 785 | 795 | 799 |
| Liabilities | -3.5% | 913 | 947 | 929 | 912 | 841 |
| Current Liabilities | 7.7% | 257 | 239 | 207 | 181 | 271 |
| Long Term Debt | -12.6% | 348 | 398 | 397 | 397 | 223 |
| Shareholder's Equity | 7.6% | 1,046 | 971 | 968 | 1,058 | 1,114 |
| Retained Earnings | 1.3% | 1,016 | 1,002 | 1,225 | 1,192 | 1,187 |
| Additional Paid-In Capital | -1.3% | 3.00 | 4.00 | - | - | - |
| Accumulated Depreciation | 1.9% | 115 | 112 | 117 | 114 | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 24.1% | 324 | 261 | 195 | 181 | 170 |
| Share Based Compensation | 0.5% | 35.00 | 35.00 | 32.00 | 30.00 | 30.00 |
| Cashflow From Investing | -827.7% | -32.36 | -3.49 | 6.00 | 10.00 | 11.00 |
| Cashflow From Financing | -33.7% | -168 | -126 | -184 | -145 | -249 |
| Dividend Payments | -2.0% | 98.00 | 100 | 102 | 104 | 106 |
| Buy Backs | -37.2% | 218 | 347 | 355 | 303 | 228 |
Risks for FHI
What is the probability of a big loss on FHI?
63.5%
Probability that Federated Hermes stock will be more than 20% underwater in next one year
37.7%
Probability that Federated Hermes stock will be more than 30% underwater in next one year.
19.6%
Probability that Federated Hermes stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does FHI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Federated Hermes was unfortunately bought at previous high price.
Drawdowns
Returns for FHI
Cumulative Returns on FHI
9.5%
10-Year Cumulative Returns
10.0%
7-Year Cumulative Returns
8.8%
5-Year Cumulative Returns
45.1%
3-Year Cumulative Returns
What are the long-term rolling returns for FHI?
FIve years rolling returns for Federated Hermes.
Annualized Returns
Which funds bought or sold FHI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | new | - | 410,875 | 410,875 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -17.03 | -5,888,900 | 59,258,100 | 0.06% |
2023-03-06 | Rockefeller Capital Management L.P. | unchanged | - | 2,000 | 18,000 | -% |
2023-03-01 | WHITENER CAPITAL MANAGEMENT, INC. | added | 2.91 | 42,814 | 371,814 | 0.16% |
2023-02-28 | Voya Investment Management LLC | reduced | -0.74 | 97,995 | 1,210,000 | -% |
2023-02-22 | IMS Capital Management | added | 0.2 | 26,179 | 294,179 | 0.19% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -23.64 | -96,000 | 492,000 | -% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | reduced | -36.03 | -120,947 | 284,053 | 0.01% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -0.84 | 51,931 | 641,931 | -% |
2023-02-21 | Adalta Capital Management LLC | new | - | 91,000 | 91,000 | 0.06% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
FHI Alerts
Federated Hermes News
Schedule 13G FIlings of Federated Hermes
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 9.53% | 8,483,827 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 13.9% | 12,326,018 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 13.9% | 12,326,018 | SC 13G/A | |
| Mar 09, 2022 | vanguard group inc | 10.02% | 9,215,007 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 12.9% | 12,535,215 | SC 13G/A | |
| Jan 26, 2022 | blackrock inc. | 12.9% | 12,535,215 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 9.03% | 8,974,884 | SC 13G/A | |
| Jan 27, 2021 | blackrock inc. | 12.5% | 12,414,307 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 9.40% | 9,508,855 | SC 13G/A | |
| Feb 05, 2020 | invesco ltd. | 4.2% | 4,293,170 | SC 13G/A |
FHI Fair Value
Recent SEC filings of Federated Hermes
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 15, 2023 | DEF 14C | DEF 14C | |
| Mar 13, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | SC 13G/A | Major Ownership Report | |
| Mar 10, 2023 | SC 13G/A | Major Ownership Report | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for FHI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-13 | Dudiak Dolores D | sold | -2,582 | 39.7378 | -65.00 | vice president |
2023-03-07 | Novak Richard A | sold | -38,797 | 39.3887 | -985 | principal accounting officer |
2023-03-07 | Nusseibeh Saker Anwar | sold | -388,591 | 39.1212 | -9,933 | ceo, hermes fund managers ltd. |
2023-03-07 | Van Meter Stephen | sold | -17,100 | 39.4017 | -434 | vp, chief compliance officer |
2023-03-07 | Uhlman Paul A | sold | -556,933 | 39.0666 | -14,256 | vice president |
2023-03-03 | Van Meter Stephen | acquired | - | - | 1,275 | vp, chief compliance officer |
2023-03-03 | Germain Peter J | acquired | - | - | 7,638 | evp, clo & sec. |
2023-03-03 | Uhlman Paul A | acquired | - | - | 30,844 | vice president |
2023-03-03 | DONAHUE THOMAS R | acquired | - | - | 29,082 | vp, cfo & treasurer |
2023-03-03 | Nusseibeh Saker Anwar | acquired | - | - | 13,005 | ceo, hermes fund managers ltd. |
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.
FHI Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenue | |||
| Total Revenue | $ 1,445,814 | $ 1,300,447 | $ 1,448,268 |
| Operating Expenses | |||
| Compensation and Related | 512,713 | 532,492 | 503,400 |
| Distribution | 314,554 | 160,884 | 318,343 |
| Systems and Communications | 77,783 | 75,429 | 64,698 |
| Professional Service Fees | 57,747 | 60,331 | 55,123 |
| Office and Occupancy | 43,361 | 44,573 | 38,975 |
| Advertising and Promotional | 20,931 | 21,600 | 15,834 |
| Travel and Related | 12,456 | 5,337 | 4,566 |
| Intangible Asset Related | 44,066 | 13,823 | 13,817 |
| Other | 25,407 | 19,706 | 15,361 |
| Total Operating Expenses | 1,109,018 | 934,175 | 1,030,117 |
| Operating Income | 336,796 | 366,272 | 418,151 |
| Nonoperating Income (Expenses) | |||
| Investment Income, net | 8,973 | 3,171 | 4,119 |
| Gain (Loss) on Securities, net | (28,696) | 9,532 | 18,067 |
| Debt Expense | (11,073) | (1,785) | (2,678) |
| Other, net | 222 | (900) | 8,398 |
| Total Nonoperating Income (Expenses), net | (30,574) | 10,018 | 27,906 |
| Income Before Income Taxes | 306,222 | 376,290 | 446,057 |
| Income Tax Provision | 71,658 | 103,982 | 110,035 |
| Net Income Including the Noncontrolling Interests in Subsidiaries | 234,564 | 272,308 | 336,022 |
| Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries | (4,932) | 2,015 | 9,658 |
| Net Income | $ 239,496 | $ 270,293 | $ 326,364 |
| Amounts Attributable to Federated Hermes, Inc. | |||
| Earning per common share - basic (usd per share) | $ 2.65 | $ 2.77 | $ 3.25 |
| Earnings per common share—diluted (usd per share) | 2.65 | 2.75 | 3.23 |
| Cash dividends per share (usd per share) | $ 1.08 | $ 1.08 | $ 2.08 |
| Investment Advisory Fees, net—Affiliates | |||
| Revenue | |||
| Total Revenue | $ 772,993 | $ 656,958 | $ 769,836 |
| Investment Advisory Fees, net—Other | |||
| Revenue | |||
| Total Revenue | 238,638 | 259,026 | 241,631 |
| Administrative Service Fees, net—Affiliates | |||
| Revenue | |||
| Total Revenue | 294,557 | 306,639 | 318,152 |
| Other Service Fees, net—Affiliates | |||
| Revenue | |||
| Total Revenue | 121,383 | 61,326 | 103,862 |
| Other Service Fees, net—Other | |||
| Revenue | |||
| Total Revenue | $ 18,243 | $ 16,498 | $ 14,787 |
FHI Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current Assets | ||
| Cash and Cash Equivalents | $ 336,782 | $ 233,327 |
| Investments—Consolidated Investment Companies | 108,448 | 105,542 |
| Investments—Affiliates and Other | 76,524 | 87,805 |
| Receivables, net of reserve of $21 and $21, respectively | 58,068 | 65,317 |
| Receivables—Affiliates | 35,941 | 30,956 |
| Prepaid Expenses | 27,004 | 29,322 |
| Other Current Assets | 8,264 | 7,178 |
| Total Current Assets | 651,031 | 559,447 |
| Long-Term Assets | ||
| Goodwill | 800,417 | 798,871 |
| Intangible Assets, net | 409,157 | 471,209 |
| Property and Equipment, net | 35,743 | 46,965 |
| Right-of-Use Assets, net | 92,860 | 108,306 |
| Other Long-Term Assets | 31,271 | 33,389 |
| Total Long-Term Assets | 1,369,448 | 1,458,740 |
| Total Assets | 2,020,479 | 2,018,187 |
| Current Liabilities | ||
| Accounts Payable and Accrued Expenses | 73,901 | 64,019 |
| Accrued Compensation and Benefits | 149,760 | 162,203 |
| Lease Liabilities | 18,394 | 17,447 |
| Other Current Liabilities | 15,358 | 27,038 |
| Total Current Liabilities | 257,413 | 270,707 |
| Long-Term Liabilities | ||
| Long-Term Debt | 347,581 | 223,350 |
| Long-Term Deferred Tax Liability, net | 180,410 | 205,206 |
| Long-Term Lease Liabilities | 86,809 | 105,270 |
| Other Long-Term Liabilities | 40,753 | 36,435 |
| Total Long-Term Liabilities | 655,553 | 570,261 |
| Total Liabilities | 912,966 | 840,968 |
| Commitments and Contingencies (Note (20)) | ||
| TEMPORARY EQUITY | ||
| Redeemable Noncontrolling Interests in Subsidiaries | 61,821 | 63,202 |
| Federated Hermes, Inc. Shareholders’ Equity | ||
| Retained Earnings | 1,015,589 | 1,187,001 |
| Treasury Stock, at Cost, 10,229,521 and 16,094,488 Shares Class B Common Stock, respectively | (365,363) | (538,464) |
| Accumulated Other Comprehensive Income (Loss), net of tax | (45,676) | 16,362 |
| Total Permanent Equity | 1,045,692 | 1,114,017 |
| Total Liabilities, Temporary Equity and Permanent Equity | 2,020,479 | 2,018,187 |
| Class A | ||
| Federated Hermes, Inc. Shareholders’ Equity | ||
| Common Stock | 189 | 189 |
| Class B | ||
| Federated Hermes, Inc. Shareholders’ Equity | ||
| Common Stock | $ 440,953 | $ 448,929 |