Federated Hermes, Inc. reports record assets under management with third quarter 2024 earnings
Federated Hermes, Inc. (FHI)
Last federated hermes, inc. earnings: 4/30 04:17 pm
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Source: PR Newswire
Total assets under management reach a record $800.5 billionMoney market assets at record $593.0 billion; fixed income assets at record $100.2 billionQ3 2024 earnings per diluted share of $1.06Board declares $0.31 per share dividend; authorizes new share repurchase programPITTSBURGH, Oct. 24, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $1.06 for Q3 2024, compared to $0.86 for the same quarter last year, on net income of $87.5 million for Q3 2024, compared to $75.0 million for Q3 2023.Federated Hermes' total managed assets were a record $800.5 billion at Sept. 30, 2024, up $85.3 billion or 12% from $715.2 billion at Sept. 30, 2023 and up $17.8 billion or 2% from $782.7 billion at June 30, 2024. Total average managed assets for Q3 2024 were $793.5 billion, up $82.3 billion or 12% from $711.2 billion reported for Q3 2023 and up $13.9 billion or 2% from $779.6 billion for Q2 20
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FHI
News
- Federated Hermes, Inc. (NYSE: FHI) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $43.00 to $45.00. They now have a "buy" rating on the stock.MarketBeat
- Federated Hermes Premier Municipal Income Fund declares dividendPR Newswire
- Federated Hermes, Inc. (NYSE: FHI) had its price target raised by analysts at Evercore ISI from $41.00 to $43.00. They now have an "outperform" rating on the stock.MarketBeat
- Federated Hermes, Inc. (NYSE: FHI) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Federated Hermes, Inc. (NYSE: FHI) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
FHI
Earnings
- 10/24/24 - Beat
FHI
Sec Filings
- 11/4/24 - Form 4
- 10/30/24 - Form 4
- 10/11/24 - Form 4
- FHI's page on the SEC website