FHI - Federated Hermes Stock

Market Summary

USD35.24+0.08

Market Closed

0.23%

FHI Alerts

1 major insider sales recently.

FHI Stock Price

FHI RSI Chart

FHI Valuation

FHI Profitability

EBT Margin

21.72%

Return on Equity

22.88%

Return on Assets

12.67%

FHI Fundamentals

FHI Revenue

Revenue (TTM)

1.6B

Revenue Y/Y

18.37%

Revenue Q/Q

13.36%

FHI Earnings

Earnings (TTM)

267.8M

Earnings Y/Y

25.18%

Earnings Q/Q

3.7%

Price Action

52 Week Range

45.55

(Low)(High)

Last 7 days

0.4%

Last 30 days

4.5%

Last 90 days

-5.5%

FHI Financial Health

Current Ratio

3

Debt/Equity

0.31

Debt/Cashflow

1

FHI Investor Care

Dividend Yield

3.1%

Dividend/Share (TTM)

1.09

Diluted EPS (TTM)

3

Historical Charts for Stock Metrics

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Net sales

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Latest Insider Trading transactions for FHI

Filter Transactions

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

Which funds bought or sold FHI recently?

View All Details

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%

Latest Funds Activity

Are funds buying FHI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FHI

No. of Funds

FHI Alerts

1 major insider sales recently.

Schedule 13G FIlings of Federated Hermes

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

Recent SEC filings of Federated Hermes

View All Filings

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

Federated Hermes News

Returns for FHI

Cumulative Returns on FHI

6.8%

10-Year Cumulative Returns

5.9%

7-Year Cumulative Returns

11.2%

5-Year Cumulative Returns

20.8%

3-Year Cumulative Returns

Risks for FHI

What is the probability of a big loss on FHI?

58.5%

Probability that Federated Hermes stock will be more than 20% underwater in next one year

28.5%

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

Financials for Federated Hermes

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
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)

(*) denotes actual numbers (not divided by Millions)
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)

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

FHI Income Statement

2023-06-30

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	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

FHI Balance Sheet

2023-06-30

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

About Federated Hermes

John C. Donahue

www.federatedinvestors.com

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.

Market Summary

FHI Alerts

FHI Stock Price

FHI RSI Chart

FHI Valuation

FHI Profitability

FHI Fundamentals

FHI Revenue

FHI Earnings

Price Action

52 Week Range

FHI Financial Health

FHI Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for FHI

Which funds bought or sold FHI recently?

Latest Funds Activity

FHI Alerts

Schedule 13G FIlings of Federated Hermes

Recent SEC filings of Federated Hermes

Federated Hermes News

Returns for FHI

Cumulative Returns on FHI

Risks for FHI

What is the probability of a big loss on FHI?

How does FHI drawdown profile look like?

Financials for Federated Hermes

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

FHI Income Statement

FHI Balance Sheet

About Federated Hermes

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)