Federated Hermes (FHI) Stock Overview
A publicly owned investment manager. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
FHI Community Fair Values
Create NarrativeSee what 16 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Federated Hermes, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$60.99 |
| 52 Week High | US$67.20 |
| 52 Week Low | US$46.66 |
| Beta | 0.63 |
| 1 Month Change | -3.19% |
| 3 Month Change | 4.70% |
| 1 Year Change | 12.74% |
| 3 Year Change | 76.78% |
| 5 Year Change | 97.70% |
| Change since IPO | 361.74% |
Recent News & Updates
Seeking Alpha • Sep 08
Federated Hermes: Shifting To Higher Fee Products
Summary Federated Hermes, Inc. rated BUY, is up 20% YTD and offers a 2.4% yield, driven by robust fund inflows and strong earnings. FHI is strategically shifting toward higher-fee equity and alternative AUM, with equity AUM growing 23% YoY and MDT quant funds posting record inflows. Active M&A and alliances are expanding FHI’s non-money market capabilities, with recent deals adding $3.2B in alternatives and infrastructure exposure. FHI trades at 11.2x forward P/E, below sector median, supported by 22% forward EPS growth and strong capital returns through buybacks and record dividends. Read the full article on Seeking Alpha
Narrative Update • Aug 11
FHI: Future Returns Will Balance Equity Fee Upside And Sector Flow Risks
Federated Hermes sees its analyst price target tick higher to about $60, as analysts reference a mix of updated valuation work, adjusted earnings assumptions, and recent target increases at several firms, now ranging from $57 to $65. Analyst Commentary Recent research updates on Federated Hermes point to a modestly higher valuation range, with several firms lifting price targets while keeping existing ratings in place.Recent updates
Seeking Alpha • Sep 08
Federated Hermes: Shifting To Higher Fee Products
Summary Federated Hermes, Inc. rated BUY, is up 20% YTD and offers a 2.4% yield, driven by robust fund inflows and strong earnings. FHI is strategically shifting toward higher-fee equity and alternative AUM, with equity AUM growing 23% YoY and MDT quant funds posting record inflows. Active M&A and alliances are expanding FHI’s non-money market capabilities, with recent deals adding $3.2B in alternatives and infrastructure exposure. FHI trades at 11.2x forward P/E, below sector median, supported by 22% forward EPS growth and strong capital returns through buybacks and record dividends. Read the full article on Seeking AlphaNarrative Update • Aug 11
FHI: Future Returns Will Balance Equity Fee Upside And Sector Flow Risks
Federated Hermes sees its analyst price target tick higher to about $60, as analysts reference a mix of updated valuation work, adjusted earnings assumptions, and recent target increases at several firms, now ranging from $57 to $65. Analyst Commentary Recent research updates on Federated Hermes point to a modestly higher valuation range, with several firms lifting price targets while keeping existing ratings in place.Narrative Update • Jul 10
FHI: Future Returns Will Reflect Equity Fee Upside And Flow Uncertainty
The latest Narrative Update on Federated Hermes reflects a modest increase in the analyst price target to $57.29 from $55, as analysts factor in updated earnings assumptions and recent revisions to sector targets following equity market returns that were stronger than previously expected. Analyst Commentary Recent research on Federated Hermes shows a mix of optimism and caution, with several firms adjusting price targets as they update earnings assumptions and compare the stock with other asset managers.Narrative Update • Jun 24
FHI: Future Returns Will Balance Money Market Strength And Mixed Flow Risks
The analyst price target for Federated Hermes has been adjusted slightly higher to $55.00, reflecting updated fair value, discount rate and future P/E assumptions that align with recent target changes from several firms, including increases from Evercore ISI, RBC Capital and TD Cowen, alongside a trim from JPMorgan, according to analysts. Analyst Commentary Recent research on Federated Hermes points to a generally constructive stance from bullish analysts, with only limited pushback from JPMorgan.Analysis Article • Jun 19
Federated Hermes (FHI) Stock Could Be 8% Overvalued After New ETF Launch
Federated Hermes (FHI) has drawn fresh attention after launching the Federated Hermes International Leaders ETF, an actively managed fund targeting developed market stocks that appear undervalued for investors seeking international equity exposure. See our latest analysis for Federated Hermes. Against this backdrop of product launches and new ETF offerings, Federated Hermes shares have climbed, with a 9.96% 1 month share price return and a 12.79% year to date share price return. The 1 year...Narrative Update • Jun 04
FHI: Future Returns Will Balance Flow Uncertainty With Money Market Strength
Analysts have trimmed the consolidated price target for Federated Hermes by about $2.40 per share, reflecting updated views on fair value and P/E assumptions after recent mixed target revisions across the Street. Analyst Commentary Recent Street research on Federated Hermes shows both optimism and caution, with several firms adjusting price targets in different directions as they revisit assumptions on flows, earnings power, and P/E levels.Narrative Update • May 02
FHI: Future Returns Will Balance Buybacks With Mixed Flow Resilience Signals
Analysts lifted their average price target for Federated Hermes by about $0.29, citing recent target increases at several firms and updated views on asset flows, earnings resilience and fair value multiples. Analyst Commentary Recent Street research on Federated Hermes has focused on fine tuning price targets and reassessing ratings as new data on flows and earnings comes through.Narrative Update • Apr 17
FHI: Future Returns Will Reflect Buybacks And Mixed Flow Sustainability Debate
The analyst price target for Federated Hermes has been adjusted slightly higher to $56.86 from $56.14, as analysts factor in updated views on discount rates, modest revenue assumptions, steady profit margins, and a marginally higher future P/E multiple. Analyst Commentary Recent research updates on Federated Hermes point to a mix of optimism around flows and valuation, alongside some caution reflected in a downgrade from JPMorgan.Narrative Update • Apr 03
FHI: Future Returns Will Reflect Buybacks And Mixed Flow Sustainability Debate
Analyst price targets for Federated Hermes have moved higher to $60 at the top end after several firms updated their views on traditional asset manager flows, supporting a modest step up in the fair value estimate to about $56.14 and a slightly lower discount rate, while revenue growth assumptions eased and profit margin and future P/E inputs were adjusted. Analyst Commentary Recent Street research on Federated Hermes reflects a mixed but generally constructive tone, with several firms adjusting price targets in response to traditional asset manager flow data and updated earnings assumptions.Narrative Update • Mar 19
FHI: Future Returns Will Reflect Buybacks And Mixed Flow Driven Reassessment
The analyst price target for Federated Hermes has edged higher by about $0.86, with analysts pointing to updated peer group targets, following early looks at February and Q1 asset manager flows, as key support for the revision. Analyst Commentary Recent research on Federated Hermes reflects a mixed but generally constructive tone, with several firms adjusting price targets after early reads on February and Q1 asset manager flows and one major bank trimming its target.Narrative Update • Mar 05
FHI: Future Returns Will Reflect Buybacks And Cautious Mixed Street Reassessment
Narrative Update The consolidated analyst price target for Federated Hermes has shifted modestly, with recent changes such as RBC Capital's $1 increase, TD Cowen's two separate raises totaling $4, and JPMorgan's $1 reduction. These moves reflect differing analyst views on the shares after reviewing updated earnings and valuation assumptions.Narrative Update • Feb 18
FHI: Future Returns Will Balance Share Buybacks And Mixed Street Reassessment
The consolidated analyst price target for Federated Hermes has moved by $0, reflecting updated views on discount rates and expected P/E multiples as analysts reassess the stock after recent mixed target changes from RBC Capital, TD Cowen, and JPMorgan. Analyst Commentary Recent Street research on Federated Hermes reflects a mix of optimism and caution, with several price target increases and one reduction concentrated over a relatively short period.Narrative Update • Feb 04
FHI: Future Returns Will Reflect Buybacks And Mixed But Measured Street Revisions
Analysts have nudged their fair value estimate for Federated Hermes up to about $54.71 from roughly $53.57. This reflects updated views on discount rate, revenue growth, profit margin and future P/E assumptions following recent Street price target revisions.Analysis Article • Feb 01
Federated Hermes, Inc. (NYSE:FHI) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Last week saw the newest full-year earnings release from Federated Hermes, Inc. ( NYSE:FHI ), an important milestone in...Narrative Update • Jan 21
FHI: Future Returns Will Reflect Q3 Beat And Tightened Price Expectations
Analysts have inched their price targets on Federated Hermes higher, with recent Street research updates supporting a modest increase to about $53.57 per share. They cited refreshed models after the Q3 earnings beat and the stock’s recent move, while keeping a generally neutral stance on the shares.Narrative Update • Jan 06
FHI: Future Returns Will Reflect Q3 Beat And Measured Upside Potential
Analysts have nudged their price targets on Federated Hermes higher, with recent Q3 earnings beats and updated models now pointing to a roughly US$2 to US$3 increase in expected value per share. Our fair value estimate remains steady at about US$53.29, based on essentially unchanged discount rate, growth, margin, and P/E assumptions.Narrative Update • Dec 20
FHI: Future Returns Will Reflect Q3 Beat And Balanced Outlook
Analysts have nudged their price target on Federated Hermes modestly higher, to about $53.30 from roughly $52.43. The revision reflects updated models that incorporate stronger Q3 earnings, slightly faster expected revenue growth and a reaffirmed but still balanced view of valuation upside.Narrative Update • Dec 06
FHI: Future Performance Will Reflect Q3 Earnings Strength And Fairly Balanced Prospects
Analysts modestly increased their price target for Federated Hermes to $53.00, reflecting updated models following a Q3 earnings beat and recent share performance that suggest limited but still positive upside from current levels. Analyst Commentary Bullish analysts view the modest price target increases as a reflection of solid Q3 execution, with earnings coming in ahead of expectations and supporting a slightly higher valuation range.Narrative Update • Nov 22
FHI: Future Performance Will Reflect Consistent Earnings Strength Amid Industry Stability
The analyst price target for Federated Hermes rose modestly, increasing by approximately $0.14 to $52.43. Analysts cite recent earnings strength and steady industry trends as supportive factors for the upward adjustment.Narrative Update • Nov 07
FHI: Future Results Will Reflect Profitability Gains as Industry Flows Stabilize
Analysts have modestly increased their price target for Federated Hermes to approximately $52.29. This adjustment reflects ongoing improvements in profit margin and outlook following recent quarterly results and positive industry trends.Narrative Update • Oct 24
Continued Market Momentum And New Offerings Will Shape Asset Management Trends
Analysts raised their price target for Federated Hermes to $55 from $48, citing a stronger outlook because of continued momentum in stock and bond markets and improving industry organic growth. Analyst Commentary Recent updates from the analyst community highlight both positive factors and areas of caution for Federated Hermes as the company continues to navigate evolving market conditions.Narrative Update • Oct 09
Digital Asset Infrastructure And ESG Trends Will Transform Markets
Analysts have raised their price target for Federated Hermes from $50.29 to $51.86, citing continued improvements in industry organic growth and better-than-expected equity net flows as key drivers for the upward revision. Analyst Commentary Recent analyst updates reveal a generally optimistic sentiment regarding Federated Hermes, as evidenced by raised price targets and improved ratings.Narrative Update • Sep 06
Digital Asset Infrastructure And ESG Trends Will Transform Markets
Federated Hermes’ price target was raised to $50.29 as analysts cite sustained strong equity net flows, positive market conditions, and improved organic growth outlook in the asset management industry. Analyst Commentary Improved organic growth in the asset management industry, with Federated Hermes experiencing strong equity net flows for a fourth consecutive month.Analysis Article • Aug 03
Is Now The Time To Put Federated Hermes (NYSE:FHI) On Your Watchlist?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Apr 30
Earnings Beat: Federated Hermes, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Investors in Federated Hermes, Inc. ( NYSE:FHI ) had a good week, as its shares rose 8.5% to close at US$40.41...Analysis Article • Apr 04
Federated Hermes, Inc. (NYSE:FHI) Doing What It Can To Lift Shares
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 17x, you may...Analysis Article • Nov 12
Why Investors Shouldn't Be Surprised By Federated Hermes, Inc.'s (NYSE:FHI) Low P/E
Federated Hermes, Inc.'s ( NYSE:FHI ) price-to-earnings (or "P/E") ratio of 12.9x might make it look like a buy right...Seeking Alpha • Oct 30
Federated Hermes: Valuations Are Still Attractive Following EPS Beat
Summary Federated Hermes, Inc. registered a +14.2% bottom-line beat for Q3 2024, and the FY 2025 growth outlook for the company is positive. Federated Hermes' shares are trading below fair value based on a comparison of its current earnings multiple with historical trading averages and future bottom-line growth expectations. I continue to assign a Buy rating to FHI, as I think that the stock has good valuation re-rating potential. Read the full article on Seeking AlphaShareholder Returns
| FHI | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -1.9% | -0.6% | -0.2% |
| 1Y | 12.7% | 3.1% | 14.8% |
Return vs Industry: FHI exceeded the US Capital Markets industry which returned 3.1% over the past year.
Return vs Market: FHI underperformed the US Market which returned 14.8% over the past year.
Price Volatility
| FHI volatility | |
|---|---|
| FHI Average Weekly Movement | 3.8% |
| Capital Markets Industry Average Movement | 3.3% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: FHI has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: FHI's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1955 | 2,091 | John Donahue | www.federatedhermes.com/us/home.do |
Federated Hermes, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios.
Federated Hermes, Inc. Fundamentals Summary
| FHI fundamental statistics | |
|---|---|
| Market cap | US$4.35b |
| Earnings (TTM) | US$393.24m |
| Revenue (TTM) | US$1.93b |
11.0x
P/E Ratio2.2x
P/S RatioIs FHI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FHI income statement (TTM) | |
|---|---|
| Revenue | US$1.93b |
| Cost of Revenue | US$598.69m |
| Gross Profit | US$1.34b |
| Other Expenses | US$942.08m |
| Earnings | US$393.24m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.52 |
| Gross Margin | 69.04% |
| Net Profit Margin | 20.33% |
| Debt/Equity Ratio | 24.9% |
How did FHI perform over the long term?
See historical performance and comparisonDividends
2.5%
Current Dividend Yield26%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/10 22:40 |
| End of Day Share Price | 2026/09/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Federated Hermes, Inc. is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| Roger Freeman | Barclays |
| Michael Carrier | BofA Global Research |