Federated Hermes reports Q1 EPS $1.25, consensus 91c

Reports Q1 revenue $423.54M, consensus $422.73M. “For the 10th consecutive quarter, Federated Hermes (FHI) reached record assets under management,” said J. Christopher Donahue, president and chief executive officer. “Our money market funds and separate accounts continued to see strong inflows as investors sought a haven from market volatility and benefited from the yield advantage generally offered by money market products over bank deposit accounts and some securities in the direct market during the first quarter 2025. We also saw strong demand for a range of our MDT products, including the MDT Market Neutral Fund, which seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. Our MDT strategies historically have offered the opportunity for outperformance driven by a systematic, repeatable process that evaluates companies according to fundamental and technical factors.”