Federated HermesFHI
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 Q3 regulatory filings by fund managers ($100M+ AUM)
8% more capital invested
Capital invested by funds: $2.17B [Q2] → $2.34B (+$171M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
2.82% less ownership
Funds ownership: 79.53% [Q2] → 76.71% (-2.82%) [Q3]
5% less funds holding
Funds holding: 312 [Q2] → 296 (-16) [Q3]
25% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 48
30% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 122
64% less call options, than puts
Call options by funds: $655K | Put options by funds: $1.84M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Deutsche Bank Brian Bedell 82% 1-year accuracy 36 / 44 met price target | 13%upside $43 | Hold Downgraded | 8 Jan 2025 |
JP Morgan Kenneth Worthington 70% 1-year accuracy 26 / 37 met price target | 11%upside $42 | Neutral Downgraded | 7 Jan 2025 |
Evercore ISI Group John Dunn 75% 1-year accuracy 12 / 16 met price target | 13%upside $43 | Outperform Maintained | 7 Nov 2024 |
RBC Capital Kenneth Lee 72% 1-year accuracy 42 / 58 met price target | 3%upside $39 | Sector Perform Maintained | 28 Oct 2024 |
TD Cowen Bill Kirk 41% 1-year accuracy 7 / 17 met price target | 21%upside $46 | Buy Upgraded | 28 Oct 2024 |
Financial journalist opinion
Based on 10 articles about FHI published over the past 30 days
