AllAnalyst Report
logoArgusNovember 02, 2020

Federated Hermes, Inc.: Money market outflows lead to sequential AUM decline in 3Q

Symbols
FHI
Sector(s)
Financial Services
Rating
Premium
Current Price
$30.15
Price Target
$NaN
Earnings Estimate
Premium
Summary

Federated Hermes, based in Pittsburgh, is an asset management holding company with about $615 billion in AUM as of September 30, 2020. It offers about 160 equity, fixed-income and money-market funds. The company's clients include high-net-worth individuals, registered investment advisors, pension funds, charities, and government organizations. Federated Hermes takes a relatively conservative, long-term approach to investing.

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Analyst Profile

Stephen Biggar

Director of Financial Institutions Research
Stephen is responsible for coverage of large global banks, regional banks and domestic credit card companies. He has covered financial services stocks for more than 20 years. He is also a member of the Argus Investment Policy Committee and Senior Portfolio Group, and frequently appears in print and broadcast media discussing the equity markets. Previously, he was the global director of equity research for S&P Capital IQ. He holds a degree in economics from Rutgers University.