Last 7 days
0.4%
Last 30 days
4.5%
Last 90 days
-5.5%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-09-05 | Nusseibeh Saker Anwar | sold | -270,905 | 34.7314 | -7,800 | ceo, hermes fund managers ltd. |
2023-08-02 | Van Meter Stephen | sold | -2,454 | 33.1682 | -74.00 | vp, chief compliance officer |
2023-07-03 | Nusseibeh Saker Anwar | sold | -1,557,280 | 36.1024 | -43,135 | ceo, hermes fund managers ltd. |
2023-06-16 | Uhlman Paul A | sold | -38,697 | 38.543 | -1,004 | vice president |
2023-06-13 | Ceresino Gordon J | gifted | - | - | -14,857 | vice chairman |
2023-06-13 | Ceresino Gordon J | gifted | - | - | 14,857 | vice chairman |
2023-05-26 | DONAHUE J CHRISTOPHER | sold | -1,905,840 | 35.9843 | -52,963 | chairman, president & ceo |
2023-05-26 | Uhlman Paul A | sold | -35,210 | 35.387 | -995 | vice president |
2023-05-26 | Germain Peter J | sold | -84,421 | 35.471 | -2,380 | evp, clo & sec. |
2023-05-25 | DONAHUE J CHRISTOPHER | sold | -2,653,190 | 35.3759 | -75,000 | chairman, president & ceo |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-14 | IMS Capital Management | added | 0.2 | -34,253 | 291,516 | 0.16% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | -716 | 5,987 | -% |
2023-08-23 | CTC Alternative Strategies, Ltd. | new | - | 261,705 | 261,705 | 0.33% |
2023-08-23 | Dean Capital Management | added | 39.14 | 115,070 | 589,123 | 0.79% |
2023-08-22 | COMERICA BANK | new | - | 72,000 | 72,000 | 0.01% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 105 | 1,119,060 | 2,455,720 | 0.02% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -29.62 | -1,580,670 | 2,675,450 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 10.28 | -8,000 | 536,000 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -5.91 | -91,124 | 474,288 | -% |
2023-08-18 | Legato Capital Management LLC | added | 39.14 | 115,070 | 589,123 | 0.08% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Jul 07, 2023 | blackrock inc. | 8.8% | 7,913,438 | SC 13G/A | |
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 |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 07, 2023 | SC 13G/A | Major Ownership Report | |
Sep 06, 2023 | 4 | Insider Trading | |
Sep 05, 2023 | 144 | Notice of Insider Sale Intent | |
Aug 14, 2023 | 13F-HR | Fund Holdings Report | |
Aug 08, 2023 | SC 13G/A | Major Ownership Report | |
Aug 02, 2023 | 4 | Insider Trading | |
Aug 02, 2023 | 144 | Notice of Insider Sale Intent | |
Aug 02, 2023 | 10-Q | Quarterly Report | |
Jul 27, 2023 | 8-K | Current Report | |
Jul 07, 2023 | SC 13G/A | Major Ownership Report |
6.8%
5.9%
11.2%
20.8%
58.5%
28.5%
19.6%
Y-axis is the maximum loss one would have experienced if Federated Hermes was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 4.5% | 1,570 | 1,503 | 1,446 | 1,394 | 1,339 | 1,284 | 1,300 | 1,343 | 1,381 | 1,430 | 1,448 | 1,442 | 1,418 | 1,379 | 1,327 | 1,276 | 1,244 | 1,179 | 1,136 | 1,107 | 1,076 |
Operating Expenses | 5.2% | 1,226 | 1,165 | 1,109 | 1,032 | 976 | 931 | 934 | 950 | 973 | 1,007 | 1,030 | 1,036 | 1,036 | 1,009 | 979 | 943 | 919 | 857 | 805 | 774 | 737 |
EBITDA | -100.0% | - | 334 | 313 | - | 330 | 366 | 393 | - | - | 488 | 474 | 458 | 436 | 409 | 395 | 366 | 352 | 317 | 319 | 325 | 330 |
EBITDA Margin | -100.0% | - | 0.22* | 0.22* | - | 0.25* | 0.28* | 0.30* | - | - | 0.34* | 0.33* | 0.32* | 0.31* | 0.30* | 0.30* | 0.29* | 0.28* | 0.27* | 0.28* | 0.29* | 0.31* |
Interest Expenses | - | - | - | 7.00 | - | - | - | 1.00 | - | - | - | 2.00 | - | - | - | 5.00 | - | - | - | 5.00 | - | - |
Earnings Before Taxes | 9.5% | 357 | 326 | 306 | 323 | 330 | 349 | 376 | 414 | 437 | 460 | 446 | 428 | 405 | 378 | 365 | 335 | 322 | 290 | 296 | 308 | 315 |
EBT Margin | -100.0% | - | 0.22* | 0.21* | 0.23* | 0.25* | 0.27* | 0.29* | 0.31* | 0.32* | 0.32* | 0.31* | 0.30* | 0.29* | 0.27* | 0.28* | 0.26* | 0.26* | 0.25* | 0.26* | 0.28* | 0.29* |
Net Income | 5.7% | 268 | 253 | 239 | 252 | 253 | 252 | 270 | 297 | 311 | 337 | 326 | 313 | 300 | 282 | 272 | 252 | 238 | 215 | 220 | 291 | 287 |
Net Income Margin | -100.0% | - | 0.17* | 0.17* | 0.18* | 0.19* | 0.20* | 0.21* | 0.22* | 0.23* | 0.24* | 0.23* | 0.22* | 0.21* | 0.20* | 0.21* | 0.20* | 0.19* | 0.18* | 0.19* | 0.26* | 0.27* |
Free Cashflow | -100.0% | - | 345 | 320 | 254 | 185 | 171 | 160 | 218 | 263 | 300 | 360 | 354 | 365 | 336 | 320 | 313 | 162 | 156 | 189 | 147 | 296 |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 3.0% | 2,060 | 1,999 | 2,020 | 1,973 | 1,952 | 2,019 | 2,018 | 1,946 | 2,045 | 2,010 | 2,061 | 2,004 | 1,934 | 1,926 | 1,880 | 1,754 | 1,688 | 1,635 | 1,544 | 1,524 | 1,276 |
Current Assets | 9.1% | 694 | 636 | 651 | 630 | 561 | 582 | 559 | 478 | 564 | 520 | 575 | 569 | 521 | 504 | 461 | 421 | 338 | 278 | 304 | 272 | 484 |
Cash Equivalents | 5.8% | 343 | 324 | 337 | 305 | 249 | 262 | 238 | 202 | 254 | 223 | 302 | 323 | 278 | 308 | 250 | 197 | 180 | 134 | 157 | 117 | 375 |
Net PPE | -3.2% | 31.00 | 33.00 | 36.00 | 38.00 | 42.00 | 45.00 | 47.00 | 49.00 | 48.00 | 51.00 | 53.00 | 51.00 | 51.00 | 51.00 | 52.00 | 52.00 | 54.00 | 54.00 | 53.00 | 53.00 | 39.00 |
Goodwill | 0.5% | 807 | 803 | 800 | 16.00 | 785 | 795 | 799 | 798 | 802 | 802 | 800 | 792 | 787 | 790 | 775 | 766 | 770 | 814 | 810 | 819 | 114 |
Liabilities | 1.8% | 868 | 853 | 913 | 947 | 929 | 912 | 841 | 686 | 632 | 609 | 687 | 638 | 643 | 684 | 627 | 604 | 574 | 551 | 504 | 504 | 456 |
Current Liabilities | 10.5% | 234 | 212 | 257 | 239 | 207 | 181 | 271 | 235 | 213 | 199 | 265 | 234 | 249 | 187 | 231 | 194 | 152 | 132 | 181 | 164 | 135 |
Long Term Debt | 0.0% | 348 | 348 | 348 | 398 | 397 | 397 | 223 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Shareholder's Equity | 2.5% | 1,134 | 1,107 | 1,046 | 971 | 968 | 1,058 | 1,114 | 1,205 | 1,162 | 1,155 | 1,137 | 1,152 | 1,087 | 1,043 | 1,041 | 950 | 913 | 898 | 857 | 827 | 799 |
Retained Earnings | 4.5% | 1,098 | 1,051 | 1,016 | 1,002 | 1,225 | 1,192 | 1,187 | 1,154 | 1,092 | 1,063 | 1,028 | 1,067 | 1,004 | 949 | 930 | 872 | 826 | 807 | 792 | 765 | 733 |
Additional Paid-In Capital | - | - | - | - | - | 3.00 | 4.00 | - | 0.00 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accumulated Depreciation | 2.5% | 120 | 117 | 120 | 115 | 112 | 117 | 114 | 110 | 114 | 110 | 106 | 102 | 101 | 97.00 | 95.00 | 91.00 | 92.00 | 89.00 | 90.00 | 87.00 | 76.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | -7.9% | 321 | 349 | 324 | 261 | 195 | 181 | 170 | 231 | 275 | 314 | 373 | 366 | 376 | 347 | 335 | 330 | 182 | 175 | 206 | 279 | 427 |
Share Based Compensation | -1.2% | 36.00 | 36.00 | 35.00 | 35.00 | 32.00 | 30.00 | 30.00 | 30.00 | 30.00 | 28.00 | 27.00 | 26.00 | 26.00 | 25.00 | 25.00 | 25.00 | 24.00 | 24.00 | 24.00 | 23.00 | 23.00 |
Cashflow From Investing | 9.9% | -25.21 | -27.98 | -32.36 | -3.49 | 6.00 | 10.00 | 11.00 | 7.00 | -5.92 | -18.17 | -24.82 | -46.86 | -87.04 | -97.40 | -94.68 | -77.33 | -190 | -176 | -174 | -163 | -15.20 |
Cashflow From Financing | 16.5% | -204 | -245 | -168 | -126 | -184 | -145 | -249 | -366 | -309 | -394 | -295 | -193 | -182 | -66.36 | -152 | -165 | -181 | -186 | -186 | -157 | -152 |
Dividend Payments | 0.4% | 98.00 | 97.00 | 98.00 | 100 | 102 | 104 | 106 | 206 | 207 | 207 | 208 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 107 | 105 | 103 |
Buy Backs | -44.8% | 61.00 | 111 | 218 | 347 | 355 | 303 | 228 | 106 | 112 | 91.00 | 67.00 | 65.00 | 46.00 | 29.00 | 16.00 | 6.00 | 11.00 | 27.00 | 29.00 | 32.00 | 39.00 |
Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenue | ||||
Total Revenue | $ 433,232 | $ 366,008 | $ 815,421 | $ 690,772 |
Operating Expenses | ||||
Compensation and Related | 159,883 | 128,086 | 296,761 | 262,051 |
Distribution | 97,086 | 84,243 | 190,420 | 132,804 |
Systems and Communications | 22,074 | 18,446 | 42,046 | 37,940 |
Professional Service Fees | 19,099 | 13,976 | 35,320 | 27,444 |
Office and Occupancy | 11,404 | 10,512 | 24,278 | 21,835 |
Advertising and Promotional | 5,109 | 4,736 | 9,451 | 7,468 |
Travel and Related | 3,835 | 3,328 | 7,066 | 5,123 |
Intangible Asset Related | 3,418 | 3,091 | 6,743 | 6,425 |
Other | 12,935 | 7,272 | 19,781 | 13,415 |
Total Operating Expenses | 334,843 | 273,690 | 631,866 | 514,505 |
Operating Income | 98,389 | 92,318 | 183,555 | 176,267 |
Nonoperating Income (Expenses) | ||||
Investment Income, net | 5,249 | 1,577 | 10,068 | 2,671 |
Gain (Loss) on Securities, net | 40 | (20,885) | 5,533 | (32,580) |
Debt Expense | (3,118) | (3,350) | (6,243) | (4,571) |
Other, net | (15) | (13) | 107 | 68 |
Total Nonoperating Income (Expenses), net | 2,156 | (22,671) | 9,465 | (34,412) |
Income Before Income Taxes | 100,545 | 69,647 | 193,020 | 141,855 |
Income Tax Provision | 27,543 | 18,889 | 48,552 | 36,500 |
Net Income Including the Noncontrolling Interests in Subsidiaries | 73,002 | 50,758 | 144,468 | 105,355 |
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries | 827 | (6,899) | 2,692 | (8,165) |
Net Income | $ 72,175 | $ 57,657 | $ 141,776 | $ 113,520 |
Amounts Attributable to Federated Hermes, Inc. | ||||
Earnings Per Common Share—Basic (usd per share) | $ 0.81 | $ 0.64 | $ 1.59 | $ 1.24 |
Earnings Per Common Share—Diluted (usd per share) | 0.81 | 0.64 | 1.59 | 1.24 |
Cash Dividends Per Share (usd per share) | $ 0.28 | $ 0.27 | $ 0.55 | $ 0.54 |
Investment Advisory Fees, net | Affiliates | ||||
Revenue | ||||
Total Revenue | $ 249,421 | $ 197,466 | $ 451,310 | $ 367,687 |
Investment Advisory Fees, net | Nonrelated Party | ||||
Revenue | ||||
Total Revenue | 60,916 | 60,577 | 123,008 | 123,350 |
Administrative Service Fees, net—Affiliates | Affiliates | ||||
Revenue | ||||
Total Revenue | 85,199 | 70,182 | 164,378 | 143,689 |
Other Service Fees, net | Affiliates | ||||
Revenue | ||||
Total Revenue | 33,994 | 33,248 | 68,857 | 46,855 |
Other Service Fees, net | Nonrelated Party | ||||
Revenue | ||||
Total Revenue | $ 3,702 | $ 4,535 | $ 7,868 | $ 9,191 |
Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Current Assets | ||
Cash and Cash Equivalents | $ 342,757 | $ 336,782 |
Prepaid Expenses | 29,209 | 27,004 |
Other Current Assets | 6,456 | 8,264 |
Total Current Assets | 694,348 | 651,031 |
Long-Term Assets | ||
Goodwill | 806,674 | 800,417 |
Intangible Assets, net of accumulated amortization of $56,959 and $47,650, respectively | 415,112 | 409,157 |
Property and Equipment, net of accumulated depreciation of $119,924 and $119,640, respectively | 31,464 | 35,743 |
Right-of-Use Assets, net | 80,787 | 92,860 |
Other Long-Term Assets | 31,358 | 31,271 |
Total Long-Term Assets | 1,365,395 | 1,369,448 |
Total Assets | 2,059,743 | 2,020,479 |
Current Liabilities | ||
Accounts Payable and Accrued Expenses | 82,246 | 73,901 |
Accrued Compensation and Benefits | 99,940 | 149,760 |
Lease Liabilities | 19,057 | 18,394 |
Other Current Liabilities | 33,253 | 15,358 |
Total Current Liabilities | 234,496 | 257,413 |
Long-Term Liabilities | ||
Long-Term Debt | 347,711 | 347,581 |
Long-Term Deferred Tax Liability, net | 180,431 | 180,410 |
Long-Term Lease Liabilities | 73,274 | 86,809 |
Other Long-Term Liabilities | 31,963 | 40,753 |
Total Long-Term Liabilities | 633,379 | 655,553 |
Total Liabilities | 867,875 | 912,966 |
Commitments and Contingencies (Note (17)) | ||
TEMPORARY EQUITY | ||
Redeemable Noncontrolling Interests in Subsidiaries | 58,012 | 61,821 |
Federated Hermes, Inc. Shareholders’ Equity | ||
Retained Earnings | 1,098,147 | 1,015,589 |
Treasury Stock, at Cost, 11,215,316 and 10,229,521 Shares Class B Common Stock, respectively | (403,501) | (365,363) |
Accumulated Other Comprehensive Income (Loss), net of tax | (21,579) | (45,676) |
Total Permanent Equity | 1,133,856 | 1,045,692 |
Total Liabilities, Temporary Equity and Permanent Equity | 2,059,743 | 2,020,479 |
Consolidated Investment Companies | ||
Current Assets | ||
Investments | 108,426 | 108,448 |
Affiliates | ||
Current Assets | ||
Investments | 69,625 | 76,524 |
Receivables | 61,469 | 35,941 |
Nonrelated Party | ||
Current Assets | ||
Receivables | 76,406 | 58,068 |
Class A | ||
Federated Hermes, Inc. Shareholders’ Equity | ||
Common Stock | 189 | 189 |
Class B | ||
Federated Hermes, Inc. Shareholders’ Equity | ||
Common Stock | $ 460,600 | $ 440,953 |