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Federated Hermes Inc Stock Research

FHI

39.61USD+0.38(+0.97%)Market Closed

Market Summary

USD39.61+0.38
Market Closed
0.97%

FHI Alerts

FHI Stock Price

FHI RSI Chart

FHI Valuation

FHI Profitability

EBT Margin

21.18%

Return on Equity

22.9%

Return on Assets

11.85%

FHI Fundamentals

FHI Revenue

Revenue (TTM)

1.4B

Revenue Y/Y

16.25%

Revenue Q/Q

-1.9%

FHI Earnings

Earnings (TTM)

239.5M

Earnings Y/Y

-17.6%

Earnings Q/Q

-18.68%

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

Current Ratio

2.53

Debt/Equity

0.33

Debt/Cashflow

0.93

FHI Investor Care

Dividend Yield

2.73%

Dividend/Share (TTM)

1.08

Diluted EPS (TTM)

2.65

Financials for Federated Hermes

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.7%1,4461,3941,3391,2841,300
Operating Expenses7.5%1,1091,032976931934
EBITDA-5.1%313330366393-
EBITDA Margin-12.1%0.22*0.25*0.28*0.30*-
Earnings Before Taxes-5.1%306323330349376
EBT Margin-8.5%0.21*0.23*0.25*0.27*0.29*
Interest Expenses534.1%7.001.00---
Net Income-4.8%239252253252270
Net Income Margin-8.2%0.17*0.18*0.19*0.20*0.21*
Free Cahsflow25.7%320254185171160
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.4%2,0201,9731,9522,0192,018
  Current Assets3.3%651630561582559
    Cash Equivalents10.6%337305249262233
  Net PPE-5.8%36.0038.0042.0045.0047.00
  Goodwill4780.6%80016.00785795799
Liabilities-3.5%913947929912841
  Current Liabilities7.7%257239207181271
  Long Term Debt-12.6%348398397397223
Shareholder's Equity7.6%1,0469719681,0581,114
  Retained Earnings1.3%1,0161,0021,2251,1921,187
  Additional Paid-In Capital-1.3%3.004.00---
Accumulated Depreciation1.9%115112117114-
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations24.1%324261195181170
  Share Based Compensation0.5%35.0035.0032.0030.0030.00
Cashflow From Investing-827.7%-32.36-3.496.0010.0011.00
Cashflow From Financing-33.7%-168-126-184-145-249
  Dividend Payments-2.0%98.00100102104106
  Buy Backs-37.2%218347355303228

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 ascendingFund NameType% 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%

1–10 of 48

Latest Funds Activity

Are funds buying FHI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own FHI
No. of Funds

Federated Hermes News

Defense World

Equities Analysts Set Expectations for Federated Hermes, Inc.'s Q1 ....

Defense World,
32 hours ago

The News Heater

Hellenic Shipping News Worldwide

Greenwashing crackdown in Europe leaves investors in the dark.

Hellenic Shipping News Worldwide,
15 days ago

Schedule 13G FIlings of Federated Hermes

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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.

1–10 of 50

John C. Donahue
1970
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

2022-12-31
CONSOLIDATED 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 Related512,713532,492503,400
Distribution314,554160,884318,343
Systems and Communications77,78375,42964,698
Professional Service Fees57,74760,33155,123
Office and Occupancy43,36144,57338,975
Advertising and Promotional20,93121,60015,834
Travel and Related12,4565,3374,566
Intangible Asset Related44,06613,82313,817
Other25,40719,70615,361
Total Operating Expenses1,109,018934,1751,030,117
Operating Income336,796366,272418,151
Nonoperating Income (Expenses)   
Investment Income, net8,9733,1714,119
Gain (Loss) on Securities, net(28,696)9,53218,067
Debt Expense(11,073)(1,785)(2,678)
Other, net222(900)8,398
Total Nonoperating Income (Expenses), net(30,574)10,01827,906
Income Before Income Taxes306,222376,290446,057
Income Tax Provision71,658103,982110,035
Net Income Including the Noncontrolling Interests in Subsidiaries234,564272,308336,022
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries(4,932)2,0159,658
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)2.652.753.23
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 Revenue238,638259,026241,631
Administrative Service Fees, net—Affiliates   
Revenue   
Total Revenue294,557306,639318,152
Other Service Fees, net—Affiliates   
Revenue   
Total Revenue121,38361,326103,862
Other Service Fees, net—Other   
Revenue   
Total Revenue$ 18,243$ 16,498$ 14,787

FHI Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets  
Cash and Cash Equivalents$ 336,782$ 233,327
Investments—Consolidated Investment Companies108,448105,542
Investments—Affiliates and Other76,52487,805
Receivables, net of reserve of $21 and $21, respectively58,06865,317
Receivables—Affiliates35,94130,956
Prepaid Expenses27,00429,322
Other Current Assets8,2647,178
Total Current Assets651,031559,447
Long-Term Assets  
Goodwill800,417798,871
Intangible Assets, net409,157471,209
Property and Equipment, net35,74346,965
Right-of-Use Assets, net92,860108,306
Other Long-Term Assets31,27133,389
Total Long-Term Assets1,369,4481,458,740
Total Assets2,020,4792,018,187
Current Liabilities  
Accounts Payable and Accrued Expenses73,90164,019
Accrued Compensation and Benefits149,760162,203
Lease Liabilities18,39417,447
Other Current Liabilities15,35827,038
Total Current Liabilities257,413270,707
Long-Term Liabilities  
Long-Term Debt347,581223,350
Long-Term Deferred Tax Liability, net180,410205,206
Long-Term Lease Liabilities86,809105,270
Other Long-Term Liabilities40,75336,435
Total Long-Term Liabilities655,553570,261
Total Liabilities912,966840,968
Commitments and Contingencies (Note (20))
TEMPORARY EQUITY  
Redeemable Noncontrolling Interests in Subsidiaries61,82163,202
Federated Hermes, Inc. Shareholders’ Equity  
Retained Earnings1,015,5891,187,001
Treasury Stock, at Cost, 10,229,521 and 16,094,488 Shares Class B Common Stock, respectively(365,363)(538,464)
Accumulated Other Comprehensive Income (Loss), net of tax(45,676)16,362
Total Permanent Equity1,045,6921,114,017
Total Liabilities, Temporary Equity and Permanent Equity2,020,4792,018,187
Class A  
Federated Hermes, Inc. Shareholders’ Equity  
Common Stock189189
Class B  
Federated Hermes, Inc. Shareholders’ Equity  
Common Stock$ 440,953$ 448,929