Federated Hermes (FHI)

• Market cap: $3.21B
• 1 day: -0.16%
• 5 days: -0.39%
• 1 month: -8.96%
• 3 months: -0.55%
• 6 months: 9.24%
• Year to date: -6.51%
• 1 year: 10.41%
• 5 years: 12.46%
• 10 years: 23.31%
• 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 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

• Low target: $39 2% upside
• Avg. target: $42 10% upside
• High target: $46 20% upside

6 analyst ratings

• positive: 2 33%
• neutral: 4 67%
• negative: 0 0%

Deutsche Bank Brian Bedell 77% 1-year accuracy 33 / 43 met price target	13% upside $43	Hold Downgraded	8 Jan 2025
JP Morgan Kenneth Worthington 67% 1-year accuracy 24 / 36 met price target	10% upside $42	Neutral Downgraded	7 Jan 2025
Evercore ISI Group John Dunn 63% 1-year accuracy 10 / 16 met price target	13% upside $43	Outperform Maintained	7 Nov 2024
RBC Capital Kenneth Lee 73% 1-year accuracy 44 / 60 met price target	2% upside $39	Sector Perform Maintained	28 Oct 2024
TD Cowen Bill Kirk 41% 1-year accuracy 7 / 17 met price target	20% upside $46	Buy Upgraded	28 Oct 2024