Federated Hermes (FHI)

• Market cap: $3.44B
• 1 day: 0.37%
• 5 days: -0.97%
• 1 month: 5.82%
• 3 months: 0.17%
• 6 months: 12.82%
• Year to date: 0.17%
• 1 year: 13.38%
• 5 years: 130.02%
• 10 years: 21.24%
• 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)

124% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 29

14% more capital invested

Capital invested by funds: $2.34B [Q3] → $2.67B (+$324M) [Q4]

11% more funds holding

Funds holding: 296 [Q3] → 329 (+33) [Q4]

1.36% more ownership

Funds ownership: 76.7% [Q3] → 78.06% (+1.36%) [Q4]

1% more repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 107

0% more funds holding in top 10

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

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 5% downside
• Avg. target: $41 0% upside
• High target: $43 5% upside

4 analyst ratings

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

JP Morgan Kenneth Worthington 64% 1-year accuracy 21 / 33 met price target	0% upside $41	Underweight Downgraded	5 Feb 2025
UBS Adam Beatty 17% 1-year accuracy 1 / 6 met price target	2% downside $40	Neutral Maintained	3 Feb 2025
RBC Capital Kenneth Lee 49% 1-year accuracy 28 / 57 met price target	5% downside $39	Sector Perform Maintained	28 Jan 2025
Deutsche Bank Brian Bedell 59% 1-year accuracy 26 / 44 met price target	5% upside $43	Hold Downgraded	8 Jan 2025