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Federated Hermes Inc
Previous close
$36.17
Day range
$36.45 - $36.95
Year range
$30.23 - $37.43
Market cap
3.05B USD
Avg Volume
470.30K
P/E ratio
12.54
Dividend yield
3.36%
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | Jun 2024info | Y/Y change |
|---|---|---|
Revenue | 402.58M | -7.07% |
Operating expense | 231.12M | 32.10% |
Net income | 21.03M | -70.87% |
Net profit margin | 5.22 | -68.67% |
Earnings per share | 0.96 | 18.52% |
EBITDA | 46.25M | -55.99% |
Effective tax rate | 54.93% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Jun 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 452.88M | -13.04% |
Total assets | 1.91B | -7.20% |
Total liabilities | 863.99M | -0.45% |
Total equity | 1.05B | — |
Shares outstanding | 78.72M | — |
Price to book | 2.80 | — |
Return on assets | 5.09% | — |
Return on capital | 6.42% | — |
Cash Flow
Net change in cash
| (USD) | Jun 2024info | Y/Y change |
|---|---|---|
Net income | 21.03M | -70.87% |
Cash from operations | 88.67M | 24.64% |
Cash from investing | 3.58M | -33.86% |
Cash from financing | -145.05M | -136.88% |
Net change in cash | -52.72M | -378.63% |
Free cash flow | 34.29M | -42.97% |
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
