Federated Hermes Inc (N:FHI)
Business Focus: Investment Management
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1001 Liberty Avenue PITTSBURGH PA 15222 |
| Tel: | N/A |
| Website: | https://www.federatedinvestors.com |
| IR: | See website |
| Key People | ||
| J. Christopher Donahue Chairman of the Board, President, Chief Executive Officer | Paul A. Uhlman Vice President of Federated Hermes, Inc. and President of Federated Securities Corp | Gordon J. Ceresino Vice Chairman of Federated Hermes, Inc., Chairman, Director and President of Federated International Securities Corp. and Vice Chairman of Federated MDTA, LLC |
| Thomas R. Donahue Vice President, Treasurer, Chief Financial Officer and Director of Federated Hermes, Inc., President of FII Holdings, Inc. | Saker A. Nusseibeh Chief Executive Officer of Federated Hermes Limited | Peter J. Germain Executive Vice President, Secretary, Chief Legal Officer |
| Richard A. Novak Principal Accounting Officer, Vice President, Assistant Treasurer | Stephen P. Van Meter Chief Compliance Officer, Vice President | Dolores Dudiak Vice President, Director of Human Resources of Federated Hermes, Inc. | John B. Fisher Vice President and Director of Federated Hermes, Inc., President and Chief Executive Officer of Federated Advisory Companies |
| Business Overview |
| Federated Hermes, Inc. is an investment management company. The Company operates through a single segment, being the investment management business. It sponsors, markets and provides investment-related services to various investment products, including sponsored investment companies and other funds (Federated Hermes Funds); and Separate Accounts, which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. In addition, it markets and provides stewardship and real estate development services to various domestic and international companies. The Company provides investment advisory services to approximately 180 Federated Hermes Funds. It markets these funds to institutional customers and banks, broker/dealers and other financial intermediaries who use them to meet the needs of customers and/or clients, including, among others, retail investors, corporations and retirement plans. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Federated Hermes Inc revenues increased 12% to $1.61B. Net income applicable to common stockholders increased 25% to $285M. Revenues reflect Federated Funds segment increase of 13% to $1.35B, Separate Accounts segment increase of 3% to $245M, U.S segment increase of 11% to $1.29B, Non-U.S segment increase of 11% to $317.6M. |
| Employees: | 2,025 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,774M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,609M as of Dec 31, 2023 |
| EBITDA (TTM): | $428.01M as of Dec 31, 2023 |
| Net annual income (TTM): | $285.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $205.82M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 84,445,590 as of Feb 16, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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