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Federated Hermes Inc
Previous close
$39.29
Day range
$37.64 - $38.88
Year range
$31.24 - $43.92
Market cap
3.14B USD
Avg Volume
590.60K
P/E ratio
12.05
Dividend yield
3.23%
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Revenue | 408.46M | 1.44% |
Operating expense | 160.69M | -0.88% |
Net income | 87.54M | 16.68% |
Net profit margin | 21.43 | 15.03% |
Earnings per share | 1.06 | 23.26% |
EBITDA | 117.46M | 9.24% |
Effective tax rate | 26.31% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 565.03M | 1.91% |
Total assets | 2.04B | -2.06% |
Total liabilities | 900.63M | -0.99% |
Total equity | 1.14B | — |
Shares outstanding | 77.93M | — |
Price to book | 2.83 | — |
Return on assets | 14.15% | — |
Return on capital | 18.13% | — |
Cash Flow
Net change in cash
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Net income | 87.54M | 16.68% |
Cash from operations | 117.15M | 10.90% |
Cash from investing | -8.31M | -730.65% |
Cash from financing | -51.55M | 24.58% |
Net change in cash | 67.70M | 98.72% |
Free cash flow | 118.87M | 12.11% |
About
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $758 billion of customer assets, as of Dec. 31, 2023. The company offers investments spanning equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies, including mutual funds, exchange-traded funds, separate accounts, closed-end funds and collective investment funds. Clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Wikipedia
Founded
Oct 18, 1957
Headquarters
Website
Employees
2,025
