Federated Hermes (FHI)

• Market cap: $3.18B
• 1 day: -1.18%
• 5 days: -1.67%
• 1 month: -1.51%
• 3 months: -9.47%
• 6 months: 12.08%
• Year to date: -7.56%
• 1 year: 6.94%
• 5 years: 6.04%
• 10 years: 8.79%
• Sector: Financials
• Industry: Investment Advice

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 Q4 regulatory filings by fund managers ($100M+ AUM)

111% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 28

13% more capital invested

Capital invested by funds: $2.34B [Q3] → $2.66B (+$315M) [Q4]

8% more funds holding

Funds holding: 296 [Q3] → 320 (+24) [Q4]

3.31% more ownership

Funds ownership: 76.71% [Q3] → 80.02% (+3.31%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]

3% less repeat investments, than reductions

Existing positions increased: 105 | Existing positions reduced: 108

71% less call options, than puts

Call options by funds: $715K | Put options by funds: $2.49M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $39 3% upside
• Avg. target: $41 8% upside
• High target: $43 14% upside

4 analyst ratings

• positive: 0 0%
• neutral: 3 75%
• negative: 1 25%

JP Morgan Kenneth Worthington 71% 1-year accuracy 24 / 34 met price target	9% upside $41	Underweight Downgraded	5 Feb 2025
UBS Adam Beatty 33% 1-year accuracy 2 / 6 met price target	6% upside $40	Neutral Maintained	3 Feb 2025
RBC Capital Kenneth Lee 84% 1-year accuracy 47 / 56 met price target	3% upside $39	Sector Perform Maintained	28 Jan 2025
Deutsche Bank Brian Bedell 73% 1-year accuracy 32 / 44 met price target	14% upside $43	Hold Downgraded	8 Jan 2025