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Federated Hermes Inc
Previous close
$34.96
Day range
$34.97 - $35.46
Year range
$30.23 - $43.64
Market cap
2.98B USD
Avg Volume
807.73K
P/E ratio
10.38
Dividend yield
3.17%
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Revenue | 391.50M | 4.71% |
Operating expense | 164.82M | 18.38% |
Net income | 82.18M | 45.46% |
Net profit margin | 20.99 | 38.91% |
Earnings per share | 0.96 | 52.38% |
EBITDA | 105.19M | -10.52% |
Effective tax rate | 26.65% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Cash and short-term investments | 560.68M | 7.46% |
Total assets | 2.10B | 4.03% |
Total liabilities | 947.75M | 3.81% |
Total equity | 1.15B | — |
Shares outstanding | 80.56M | — |
Price to book | 2.51 | — |
Return on assets | 11.86% | — |
Return on capital | 15.29% | — |
Cash Flow
Net change in cash
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Net income | 82.18M | 45.46% |
Cash from operations | 129.63M | -2.10% |
Cash from investing | -39.17M | -26.18% |
Cash from financing | -91.48M | -16.51% |
Net change in cash | 5.72M | -82.49% |
Free cash flow | 99.22M | -16.41% |
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