Federated Hermes, Inc.

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%).

NYSE:FHI

Federated Hermes, Inc.

Last Close

34.96

19/04 20:00

Market Cap

2.97B

Beta: 1.02

Volume Today

601.26K

Avg: 949.24K

PE Ratio

−0.11

PFCF: 9.97

Dividend Yield

3.11%

Payout:−0.37%

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