Federated Hermes, Inc. ( (FHI) ) has released its Q1 earnings. Here is a breakdown of the information Federated Hermes, Inc. presented to its investors.
Federated Hermes, Inc. is a global leader in active investment management, offering a wide range of investment solutions across equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to institutions and intermediaries worldwide.
In its first quarter of 2025, Federated Hermes reported record assets under management totaling $839.8 billion, with significant growth in money market assets reaching $637.1 billion. The company achieved earnings per diluted share of $1.25, marking a substantial increase from the previous year’s $0.89.
Key financial highlights include a 7% increase in revenue driven by higher average money market assets and performance fees, alongside a 35% rise in net income to $101.1 million. The company also benefited from a VAT refund in the UK, contributing to a decrease in operating expenses. Federated Hermes declared a 9.7% increase in its quarterly dividend to $0.34 per share, reflecting its strong financial performance.
The company continues to attract investors seeking stability amidst market volatility, with strong inflows into its money market funds and MDT products. Despite a slight decline in alternative/private markets assets, equity and fixed-income assets saw modest growth.
Looking ahead, Federated Hermes remains optimistic about sustaining its growth trajectory, driven by its systematic investment strategies and the continued demand for its diverse range of products.