Federated Hermes reports Q4 EPS $1.39, consensus $1.22

Reports Q4 revenue $482.83M, consensus $471.56M. “Federated Hermes (FHI)’ record assets at year-end were again driven by money market asset increases, as our liquidity products provided attractive cash management resources and opportunities for risk-adjusted returns,” said Christopher Donahue, president and CEO. “We also continued to see investor interest in our growing range of investment solutions beyond mutual funds, including ETFs, CITs and SMAs, which provide additional opportunities for financial professionals to meet the needs of their customers. In the fourth quarter, SMA net sales were led by our MDT All Cap Core strategy, our MDT Mid Cap Growth equity strategy and our Core Plus fixed-income strategy.”