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Federated Hermes Inc Class B FHI Stock Quote

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Morningstar‘s Stock Analysis FHI

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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An End to Fee Waivers Offsets Outflows and Market Losses in Federated Hermes' Q2

Greggory Warren, CFA Sector Strategist

Analyst Note

| Greggory Warren, CFA |

There was little in no-moat Federated Hermes' second-quarter results that would alter our long-term view of the firm. We maintain our $33 fair value estimate and consider shares to be slightly overvalued.

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Key Statistics FHI

Company Profile FHI

Business Description

Federated provides asset management services for institutional and individual investors. The company had $631.1 billion in managed assets at the end of March 2022, composed of equity (14%), multi-asset (1%), fixed-income (14%), alternative (4%), and money market (67%) funds. That said, the firm's cash-management operations are expected to generate around 35% of Federated's revenue this year, compared with 38%, 16%, and 7%, 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 (60% of AUM), institutional investors (27%), and international clients (13%).

1001 Liberty Avenue
Pittsburgh, PA, 15222-3779
T +1 412 288-1900
Industry Asset Management
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 1,968

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