Federated Hermes, Inc. Class B (FHI)

Federated Hermes, Inc. stock has shown resilient performance, increasing by 17.4% to 18.23% over the past year. The company reported strong financial results for Q3 2025, with EPS of $1.34, up from $1.06 in Q3 2024, and total managed assets reaching $871.2 billion. Revenue for Q3 2025 increased by 15% year-over-year, driven by higher average money market and equity assets. In October 2025, Federated Hermes acquired an 80% stake in FCP Fund Manager, L.P. for $331 million to expand its private markets/alternatives offerings. The company also declared a quarterly dividend of $0.34 per share. There has been notable insider selling over the past three months.

Specific detailed monthly seasonality data is not readily available, but Federated Hermes, Inc.'s revenue mix suggests a degree of stability. A significant portion of its revenue is derived from money market assets, which tend to provide ballast to the firm. The company's diversified revenue stream contributes to a resilient financial model. Recent performance indicates increased domestic demand and higher average money market and equity assets driving revenue growth.

Federated Hermes, Inc. is a global investment manager providing investment management and stewardship services to institutions, banks, financial intermediaries, retail investors, corporations, and retirement plans. The company offers a range of asset classes, including money market, equity, fixed-income, alternative/private markets, and multi-asset strategies, through various investment vehicles. It is recognized for its strong presence in liquidity management, with money market assets forming a significant portion of its total assets under management and revenue.

Federated Hermes, Inc. is headquartered in Pittsburgh, Pennsylvania, and has a global presence with offices in New York City and London. The company operates in domestic and international markets, with funds domiciled in various jurisdictions, including the US, Ireland, the UK, Luxembourg, Guernsey, Jersey, and the Cayman Islands. Strategic acquisitions, like the stake in FCP Fund Manager, expand its private markets offerings in the US and UK markets.

Federated Hermes, Inc. has a strong brand reputation as a global leader in active investment management, particularly in responsible investing and integrated ESG strategies. The rebranding in February 2020 underscored its commitment to responsible investing. Its stewardship team actively engages with companies on ESG factors, attracting capital from institutions and pension funds with ESG mandates. The successful launch of the sixth vintage of its flagship Private Equity Co-investment series solidifies its reputation. However, any perceived deficiency in its ESG policies and practices could potentially impact its brand, reputation, or stock price.

Federated Hermes, Inc. has a diverse ownership structure, with institutional shareholders holding a significant majority, approximately 87.98% and 73.86% according to different sources. Insiders own about 45.87% of the company, while retail investors hold a smaller portion. Key institutional owners include Vanguard Group Inc, BlackRock Inc, Fmr LLC, Charles Schwab Investment Management Inc, Aqr Capital Management LLC, and Invesco Ltd. Prominent individual insider shareholders include John F. Donahue, J. Christopher Donahue, John W. McGonigle, and Thomas R. Donahue. The company operates with a dual-class stock structure, allowing the Donahue family to retain control.