Federated Hermes
About: ederated provides asset management services for institutional and individual investors. The company had $757.6 billion in managed assets at the end of December 2023, composed of equity (10%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (74%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 29%, 13%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (28%), and international clients (9%).
Employees: 2,025
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
36% more call options, than puts
Call options by funds: $1.06M | Put options by funds: $783K
16% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 107
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
1.46% less ownership
Funds ownership: 79.49% [Q1] → 78.03% (-1.46%) [Q2]
2% less funds holding
Funds holding: 313 [Q1] → 308 (-5) [Q2]
11% less capital invested
Capital invested by funds: $2.42B [Q1] → $2.16B (-$265M) [Q2]
13% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 40
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
RBC Capital Kenneth Lee 80% 1-year accuracy 43 / 54 met price target | 4%downside $39 | Sector Perform Maintained | 28 Oct 2024 |
TD Cowen Bill Kirk 60% 1-year accuracy 9 / 15 met price target | 13%upside $46 | Buy Upgraded | 28 Oct 2024 |
UBS Adam Beatty 0% 1-year accuracy 0 / 3 met price target | 1%downside $40 | Neutral Maintained | 22 Oct 2024 |
RBC Capital Kenneth Lee 80% 1-year accuracy 43 / 54 met price target | 11%downside $36 | Sector Perform Maintained | 11 Oct 2024 |
Evercore ISI Group John Dunn 100% 1-year accuracy 12 / 12 met price target | 6%downside $38 | Outperform Maintained | 4 Oct 2024 |
Financial journalist opinion
Based on 19 articles about FHI published over the past 30 days