OverviewSuggest Edit

Federated Hermes (previously known as Federated Investors) is an investment management company. It provides financial services, including equity, fixed income and money market products. The company serves banks, trust departments, investment companies. 

TypePublic
Founded1955
HQPittsburgh, PA, US
Websitefederatedinvestors.com
Employee Ratings3.3
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2020)1,986(+9%)
Job Openings75
Revenue (FY, 2020)$1.4 B(+10%)
Share Price (Nov 2021)$35.8
Cybersecurity ratingBMore
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Key People/Management at Federated Hermes

J. Christopher Donahue

J. Christopher Donahue

Director
Joseph Bartolacci

Joseph Bartolacci

Director
Brian Ronayne

Brian Ronayne

Senior Vice President, National Sales Manager
Mark Weiss

Mark Weiss

Vice President, Senior Portfolio Manager
Gordon Ceresino

Gordon Ceresino

Vice Chairman
Scott Holick

Scott Holick

Vice President, Institutional Cash and Capital Markets
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Federated Hermes Office Locations

Federated Hermes has an office in Pittsburgh
Pittsburgh, PA, US (HQ)
1001 Liberty Ave
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Federated Hermes Financials and Metrics

Federated Hermes Revenue

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Federated Hermes's revenue was reported to be $1.45 b in FY, 2020 which is a 9.1% increase from the previous period.
USD

Revenue (Q3, 2021)

326.6m

Gross profit (Q3, 2021)

194.6m

Gross profit margin (Q3, 2021), %

59.6%

Net income (Q3, 2021)

73.5m

EBIT (Q3, 2021)

98.4m

Market capitalization (12-Nov-2021)

3.5b

Closing stock price (12-Nov-2021)

35.8

Cash (30-Sept-2021)

201.7m

EV

3.5b
Federated Hermes's current market capitalization is $3.5 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.1b1.3b1.4b

Revenue growth, %

3%17%9%

Cost of goods sold

354.8m442.1m503.4m

Gross profit

780.9m884.7m944.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

307.1m321.5m340.3m359.2m360.7m364.5m341.2m311.0m326.6m

Cost of goods sold

111.2m107.2m112.2m115.3m123.6m126.2m143.6m132.8m132.0m

Gross profit

195.8m214.2m228.1m243.8m237.1m238.3m197.6m178.3m194.6m

Gross profit Margin, %

64%67%67%68%66%65%58%57%60%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

156.8m249.2m301.8m

Accounts Receivable

60.1m64.5m64.9m

Prepaid Expenses

16.5m16.7m22.1m

Current Assets

304.1m461.3m575.3m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

222.3m277.1m336.0m

Depreciation and Amortization

17.1m25.9m28.6m

Accounts Payable

(96.2m)30.9m695.0k

Cash From Operating Activities

206.3m334.9m373.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

54.6m118.5m192.0m63.3m148.1m234.8m74.3m127.8m201.3m

Depreciation and Amortization

7.2m12.5m19.2m6.9m14.1m21.3m7.2m14.6m22.6m

Accounts Payable

(72.3m)(43.0m)(4.1m)(81.5m)(47.9m)(27.4m)(101.6m)(67.7m)(36.8m)

Cash From Operating Activities

16.8m112.4m212.3m29.3m153.4m243.5m(30.0m)55.0m101.0m
USDFY, 2018

EV/EBIT

8 x

EV/CFO

12.8 x

Revenue/Employee

604.7k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.8 x

P/E Ratio

12.2
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Federated Hermes Operating Metrics

Federated Hermes's Assets Under Management was reported to be $634.1b in Q3, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Clients

9.5 k11 k11 k

Total Federated Funds

130135163

Assets Under Management

$459.9 b$484.9 b$502.25 b$527.16 b$575.9 b$605.84 b$628.82 b$614.79 b$619.4 b$625 b$645.77 b$634.12 b

Money Market Funds

282727
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Federated Hermes Acquisitions / Subsidiaries

Company NameDateDeal Size
Federated Administrative Services
Federated Advisory Services Company
Federated Asset Management GmbH
Federated Equity Management Company of Pennsylvania
Federated Global Holdings LLC
Federated Global Investment Management Corp.
Federated Holdings (UK) Limited
Federated International Europe GmbH
Federated International Holdings B.V.
Federated International Management Limited
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Federated Hermes Revenue Breakdown

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Federated Hermes revenue breakdown by business segment: 22.0% from Administrative Service Fees, 8.2% from Other Service Fees and 69.8% from Investment Advisory Fees

Federated Hermes revenue breakdown by geographic segment: 80.6% from Non-U.S. and 19.4% from U.S.

Federated Hermes Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Federated Hermes Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Federated Hermes Online and Social Media Presence

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Federated Hermes Company Culture

  • Overall Culture

    D-

    54/100

  • CEO Rating

    F

    30/100

  • Compensation

    D

    55/100

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Federated Hermes News and Updates

Federated Hermes secures three new lettings at Fleets Corner Business Park

The International business of Federated Hermes has announced a trio of new lettings at Fleets Corner Business Park in Poole, totalling over 28,500 sq ft of warehouse and office space

Federated Hermes, Inc. to acquire remaining interest in Hermes Investment Management held by BT Pension Scheme

Federated Hermes, Inc., (NYSE: FHI) a global leader in active, responsible investing, has today agreed to the acquisition of the remaining 29.5% interest in Hermes Fund Managers Limited (HFML) held by BT Pension Scheme (BTPS)

Federated Hermes (FHI) falls 1.64% for August 17

Federated Hermes Inc - Class B (NYSE: FHI) shares fell 1.64%, or $0.55 per share, to close Tuesday at $33.07. After opening the day at $33.24, shares of Federated Hermes fluctuated between $33.37 and $32.77. 243,973 shares traded hands a decrease from their 30 day average of 463,829. Tuesday's activ…

Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund

Federated Hermes, Inc. today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of July 31, 2021, is now available in the Products section of FederatedInvestors.com.
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Federated Hermes Frequently Asked Questions

  • When was Federated Hermes founded?

    Federated Hermes was founded in 1955.

  • Who are Federated Hermes key executives?

    Federated Hermes's key executives are J. Christopher Donahue, Joseph Bartolacci and Brian Ronayne.

  • How many employees does Federated Hermes have?

    Federated Hermes has 1,986 employees.

  • What is Federated Hermes revenue?

    Latest Federated Hermes annual revenue is $1.4 b.

  • What is Federated Hermes revenue per employee?

    Latest Federated Hermes revenue per employee is $729.2 k.

  • Who are Federated Hermes competitors?

    Competitors of Federated Hermes include Invesco, Franklin Templeton and Legg Mason.

  • Where is Federated Hermes headquarters?

    Federated Hermes headquarters is located at 1001 Liberty Ave, Pittsburgh.

  • Where are Federated Hermes offices?

    Federated Hermes has an office in Pittsburgh.

  • How many offices does Federated Hermes have?

    Federated Hermes has 1 office.