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Federated Hermes Inc
Previous close
$32.07
Day range
$31.94 - $32.59
Year range
$30.23 - $39.00
Market cap
2.73B USD
Avg Volume
918.15K
P/E ratio
9.21
Dividend yield
3.82%
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Revenue | 396.37M | 3.71% |
Operating expense | 161.24M | 0.69% |
Net income | 75.03M | 7.80% |
Net profit margin | 18.93 | 3.95% |
Earnings per share | 0.89 | 14.10% |
EBITDA | 104.21M | 11.82% |
Effective tax rate | 27.89% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 558.53M | 14.46% |
Total assets | 2.09B | 4.40% |
Total liabilities | 866.42M | 1.60% |
Total equity | 1.22B | — |
Shares outstanding | 80.27M | — |
Price to book | 2.24 | — |
Return on assets | 11.77% | — |
Return on capital | 15.00% | — |
Cash Flow
Net change in cash
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Net income | 75.03M | 7.80% |
Cash from operations | 14.03M | 158.87% |
Cash from investing | 27.59M | 1,400.92% |
Cash from financing | -63.53M | -188.54% |
Net change in cash | -23.32M | -83.46% |
Free cash flow | -775.00K | -117.10% |
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
