Federated Hermes, Inc. ( (FHI) ) has released its Q4 earnings. Here is a breakdown of the information Federated Hermes, Inc. presented to its investors.
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Federated Hermes, Inc. is a prominent global investment management firm specializing in active, responsible investment strategies across various asset classes, including equity, fixed-income, alternative/private markets, and liquidity management, serving over 10,000 institutions and intermediaries worldwide.
In the latest financial report, Federated Hermes announced record high assets under management (AUM) reaching $829.6 billion at the end of 2024, marking a significant growth from the previous year. The company reported a fourth-quarter earnings per share (EPS) of $1.04, up from $0.96 in the same quarter of the previous year, and a full-year EPS of $3.23, slightly down from $3.40 in 2023.
Key financial highlights include a 10% increase in total managed assets year-over-year, driven by substantial growth in money market assets, which rose by 13% to $630.3 billion. Despite a slight decrease in full-year net income from $299.0 million in 2023 to $268.3 million in 2024, due to a one-off impairment expense, the company maintained strong revenue from its diverse asset management offerings. The board of directors declared a quarterly dividend of $0.31 per share, reflecting confidence in the company’s financial stability.
Federated Hermes continues to see strong investor interest in its liquidity products and fixed-income strategies, with notable increases in money market and equity segments. The company’s strategic focus on providing comprehensive cash management solutions and attractive returns in balanced client portfolios has underpinned its robust asset growth.
Looking ahead, Federated Hermes remains committed to leveraging its expertise in active investment management to navigate market uncertainties and drive further growth. The management’s emphasis on expanding investment strategies and optimizing asset flows positions the company well for future financial performance.
