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Valuation Estimation |
EPS (Current/Estimated)
2.93/3.95
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Enterprise Value
3.87B
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Balance Sheet |
Book Value Per Share
12.31
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Cash Flow |
Cash Flow Yield
0.10
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Income Statement |
Total Revenue
1.61B
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Operating Revenue Per Share
19.27
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Industry Comparison
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Quotes are at least 15-min delayed:2024/11/10 16:20 EST
Industry overview quotes are at least 15 minutes delayed
Business Description
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Federated Hermes provides asset-management services for institutional and individual investors. The firm had $782.7 billion in managed assets at the end of June 2024, composed of equity (10%), multi-asset (less than 1%), fixed-income (12%), alternative (3%), and money market (75%) funds. The firm's cash-management operations are expected to generate around 50% of Federated's revenue this year, compared with 28%, 12%, and 10%, respectively, for the equity, fixed-income, and alternatives/multi-asset operations. The company's products are distributed via trust banks, wealth managers, and retail broker/dealers (64% of AUM), institutional investors (27%), and international clients (9%). |