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Federated Hermes Inc Class B FHI Stock Quote

| Rating as of

NYSE: FHI

Last close prices updated as of Feb 02, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 40.4
  • Sector Financial Services
  • Industry Asset Management
  • Investment Style Small Blend
  • Day Range 40.04  –  40.71
  • Year Range 27.88  –  40.71
  • Market Cap 3.5954 Bil
  • Volume / Avg 959,938.0 /  595,011.6
  • Price / Sales 2.40
  • Price / Book 3.44
  • Forward Div Yield 2.67%
  • Trailing Div Yield 3.34%

Morningstar‘s Stock Analysis FHI

Valuation
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1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Increased Money Market Assets and Fees Offset Weaker Long-Term AUM Results in Federated Hermes' Q4

Greggory Warren Sector Strategist

Analyst Note

| Greggory Warren |

While there was little in no-moat Federated Hermes fourth-quarter results to alter our long-term view of the firm, we expect to raise our fair value estimate slightly to account for higher levels of assets under management than we were forecasting for the start of 2023. Federated closed the December quarter with a record $668.9 billion in managed assets, up 7.1% sequentially and basically flat on a year-over-year basis, which was better than our forecast for $642.4 billion. Net long-term outflows of $4.8 billion during the fourth quarter were, however, worse than our expectations for $1.1 billion in outflows, driven primarily by the company's fixed-income operations, which reported $4.0 billion in outflows for the period.

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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 $624.4 billion in managed assets at the end of September 2022, composed of equity (12%), multi-asset (1%), fixed-income (14%), alternative (3%), and money market (70%) funds. That said, the firm's cash-management operations are expected to generate around 40% of Federated's revenue this year, compared with 36%, 15%, and 9%, 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 (62% of AUM), institutional investors (28%), and international clients (10%).

Contact
1001 Liberty Avenue
Pittsburgh, PA, 15222-3779
Industry Asset Management
Employees 1,968

Related Articles FHI

FAQs for Federated Hermes Inc Class B Stock

Yes. FHI has a forward dividend yield of 2.68%. See FHI’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

FHI’s market cap is 3.60 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

FHI’s stock style is Small Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

FHI’s price/sales is 2.39.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

FHI’s price/forward earnings is 12.53.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

FHI’s price/book is 3.43.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See FHI’s valuation ratios compared to the Market Index.

FHI’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare FHI’s historical performance against its industry peers and the overall market.