Last 7 days
-1.2%
Last 30 days
2.0%
Last 90 days
10.9%
Trailing 12 Months
19.9%
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 |
63.5%
37.7%
19.6%
Y-axis is the maximum loss one would have experienced if Federated Hermes was unfortunately bought at previous high price.
9.5%
10.0%
8.8%
45.1%
FIve years rolling returns for Federated Hermes.
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% |
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 |
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 |
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. |
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 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 |
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 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 |