Federated Hermes (FHI)

• Market cap: $3.05B
• 1 day: -3.51%
• 5 days: -5.23%
• 1 month: -7.95%
• 3 months: -5.45%
• 6 months: -6.52%
• Year to date: -11.26%
• 1 year: 2.49%
• 5 years: 80.35%
• 10 years: 6.43%
• Sector: Financials
• Industry: Asset Management

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 disclosures 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: $2.33B [Q3] → $2.67B (+$334M) [Q4]

11% more funds holding

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

1.66% more ownership

Funds ownership: 76.4% [Q3] → 78.06% (+1.66%) [Q4]

3% more repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 106

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: $38 5% upside
• Avg. target: $40 9% upside
• High target: $41 13% upside

4 analyst ratings

• positive: 1 25%
• neutral: 2 50%
• negative: 1 25%

Evercore ISI Group John Dunn 53% 1-year accuracy 9 / 17 met price target	5% upside $38	Outperform Maintained	11 Apr 2025
JP Morgan Kenneth Worthington 57% 1-year accuracy 17 / 30 met price target	13% upside $41	Underweight Downgraded	5 Feb 2025
UBS Adam Beatty 50% 1-year accuracy 1 / 2 met price target	10% upside $40	Neutral Maintained	3 Feb 2025
RBC Capital Kenneth Lee 13% 1-year accuracy 7 / 55 met price target	8% upside $39	Sector Perform Maintained	28 Jan 2025