Federated Hermes
Builds investment-management capabilities around money markets, global active strategies, and responsible investing.
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Profile
Manages active investment strategies, combining a foundational money-market franchise with global responsible-investment and private-market capabilities. International distribution and acquisitions expanded the platform, while the listed Class B stock carries limited voting power.
Manages active investment strategies rooted in a long-standing money-market franchise. The platform expanded through international distribution, acquisitions, the Hermes combination, and later private-market, real-estate, and renewable-energy additions.
Pittsburgh-rooted operations form a global investment-management franchise developed through international distribution and acquisition-led platform building. Hermes added responsible-investment capabilities to the combined identity, while earlier international expansion included Dublin-based operations.
The listed Class B stock has limited voting power. Voting authority resides in Class A shares held by a Donahue-family trust, and the business remains shaped by money-market roots alongside global active and private-market management capabilities.
Company facts
Categories
Key statistics
Year to date +23.0% · Average volume (30d) 522.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Evercore ISI | Reiterate | Outperform | $59 | $65 | |
| Aug 3, 2026 | Deutsche Bank | Reiterate | Hold | $41 | $58 | |
| Jul 2, 2026 | RBC Capital | Reiterate | Sector Perform | $56 | $57 | |
| Jun 8, 2026 | Evercore ISI | Target | $44 | $59 | ||
| Apr 21, 2026 | RBC Capital | Target | $55 | $56 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.19 | $1.38 | +16.0% | $488.3M | $502.8M | +3.0% | +0.82% |
| Apr 30, 2026Q1 FY26 | $1.20 | $1.27 | +5.8% | $475.2M | $479.0M | +0.8% | −6.83% |
| Jan 29, 2026Q4 FY25 | $1.20 | $1.39 | +15.8% | $470.2M | $482.8M | +2.7% | +0.47% |
| Oct 30, 2025Q3 FY25 | $1.13 | $1.34 | +18.6% | $443.5M | $469.4M | +5.8% | +2.49% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $423.5M | $424.8M | $469.4M | $487.1M | $481.2M | $504.2M | |
| Gross profit | $280.3M | $280.0M | $324.9M | $353.6M | $345.0M | $366.4M | |
| Operating income | $131.8M | $117.1M | $129.5M | $136.9M | $126.7M | $143.5M | |
| Net income | $101.1M | $91.0M | $104.1M | $107.8M | $95.9M | $104.3M | |
| Diluted EPS | $1.25 | $1.16 | $1.34 | $1.45 | $1.27 | $1.38 | |
| Gross margin | 66.2% | 65.9% | 69.2% | 72.6% | 71.7% | 72.7% | |
| Operating margin | 31.1% | 27.6% | 27.6% | 28.1% | 26.3% | 28.5% |
Fiscal years (4-quarter sums)FY21 $1.30B · FY22 $1.45B · FY23 $1.61B · FY24 $1.63B · FY25 $1.80B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $420.6M · Total debt $451.9M · Total assets $2.33B · Shareholders' equity $1.25B
Dividends
Raised for 26 straight years — most recently to $0.38 from $0.34 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Aug 7 | Aug 14 | $0.38 | |
| May 8, 2026 | May 8 | May 15 | $0.38 | raised from $0.34 |
| Feb 6, 2026 | Feb 6 | Feb 13 | $0.34 | |
| Nov 7, 2025 | Nov 7 | Nov 14 | $0.34 | |
| Aug 8, 2025 | Aug 8 | Aug 15 | $0.34 | |
| May 8, 2025 | May 8 | May 15 | $0.34 | raised from $0.31 |
| Feb 7, 2025 | Feb 7 | Feb 14 | $0.31 | |
| Nov 8, 2024 | Nov 8 | Nov 15 | $0.31 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 75.91M · Float 68.01M · 89.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.04M | 7.96% | 13F | Aug 7, 2026 |
| FMR LLC | 4.66M | 6.14% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 4.40M | 5.79% | 13F | Aug 13, 2026 |
| Schneider Downs Wealth Management Advisors, LP | 3.55M | 4.68% | 13F | Aug 5, 2026 |
| Vanguard Capital Management LLC | 3.19M | 4.21% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Peter J. Germain | officer: EVP, CLO & Sec. | −5,000 | $63.17 |
| Aug 4, 2026 | Saker Anwar Nusseibeh | officer: CEO, Federated Hermes Limited | −7,030 | $64.24 |
| Jun 23, 2026 | Stephen van Meter | officer: VP, Chief Compliance Officer | −1,682 | $59.64 |
| Jun 16, 2026 | Paul A. Uhlman | officer: Vice President | −6,145 | $58.67 |
| Jun 8, 2026 | Saker Anwar Nusseibeh | officer: CEO, Federated Hermes Limited | −8,950 | $57.34 |
Peers
- BlackRock
Broad global asset-management and cash-management overlap
- JPMorgan Chase
Scaled active, liquidity and alternatives platform
- Invesco
Global liquidity, active, index and ETF manager
- Franklin Templeton
Diversified active manager with cash and alternatives
- T. Rowe Price
Active mutual-fund, retirement and investment manager
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Federated Hermes | $64.41 | −0.03% | $4.89B | 11.8 | 11.4 | 2.5 | +18.3% |
| BlackRock | $1,163.84 | −0.03% | $180.49B | 27.8 | 19.5 | 6.6 | +30.6% |
| JPMorgan Chase | $357.66 | +0.05% | $958.25B | 15.4 | 14.8 | 3.2 | +27.8% |
| Invesco | $32.86 | +0.05% | $14.57B | — | 10.8 | 2.1 | −12.3% |
| Franklin Templeton | $35.05 | +1.15% | $18.01B | 23.1 | 11.3 | 1.9 | −12.0% |
| T. Rowe Price | $111.60 | +0.32% | $23.84B | 11.2 | 10.8 | 3.1 | +10.7% |
| Median | 19.3 | 11.3 | 3.1 | +10.7% |