Federated Hermes
About: Federated Hermes provides asset-management services for institutional and individual investors. The firm had $800 billion in managed assets at the end of September 2024, composed of equity (10%), multi-asset (less than 1%), fixed-income (12%), alternative (3%), and money market (74%) funds. The firm's cash-management operations are expected to generate around 51% of Federated's revenue this year, compared with 29%, 12%, and 7%, respectively, for the equity, fixed-income, and alternatives/multi-asset operations. The company's products are distributed via trust banks, wealth managers, and retail broker/dealers (65% of AUM), institutional investors (26%), 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]
2.77% less ownership
Funds ownership: 78.38% [Q2] → 75.61% (-2.77%) [Q3]
5% less funds holding
Funds holding: 310 [Q2] → 294 (-16) [Q3]
29% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 121
31% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 51
64% less call options, than puts
Call options by funds: $655K | Put options by funds: $1.84M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Deutsche Bank Brian Bedell 78% 1-year accuracy 31 / 40 met price target | 9%upside $45 | Buy Maintained | 11 Nov 2024 |
Evercore ISI Group John Dunn 73% 1-year accuracy 11 / 15 met price target | 4%upside $43 | Outperform Maintained | 7 Nov 2024 |
RBC Capital Kenneth Lee 72% 1-year accuracy 47 / 65 met price target | 5%downside $39 | Sector Perform Maintained | 28 Oct 2024 |
TD Cowen Bill Kirk 55% 1-year accuracy 12 / 22 met price target | 12%upside $46 | Buy Upgraded | 28 Oct 2024 |
UBS Adam Beatty 30% 1-year accuracy 3 / 10 met price target | 3%downside $40 | Neutral Maintained | 22 Oct 2024 |
Financial journalist opinion
Based on 8 articles about FHI published over the past 30 days
