Federated HermesFHI
Market Cap: $2.83B
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]
1.29% less ownership
Funds ownership: 77.72% [Q1] → 76.43% (-1.29%) [Q2]
2% less funds holding
Funds holding: 313 [Q1] → 306 (-7) [Q2]
11% less capital invested
Capital invested by funds: $2.37B [Q1] → $2.11B (-$255M) [Q2]
18% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 40
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Evercore ISI Group John Dunn 50% 1-year accuracy 4 / 8 met price target | 7%upside $36 | Outperform Maintained | 5 Sept 2024 |
TD Cowen Bill Kirk 45% 1-year accuracy 10 / 22 met price target | 2%downside $33 | Hold Maintained | 29 Jul 2024 |
JP Morgan Kenneth Worthington 55% 1-year accuracy 18 / 33 met price target | 40%upside $47 | Overweight Maintained | 11 Jul 2024 |
UBS Adam Beatty 30% 1-year accuracy 3 / 10 met price target | 4%upside $35 | Neutral Maintained | 10 Jul 2024 |
TD Cowen Bill Kirk 45% 1-year accuracy 10 / 22 met price target | 1%upside $34 | Hold Maintained | 8 Jul 2024 |
Financial journalist opinion
Based on 7 articles about FHI published over the past 30 days