earnings
confidence high
sentiment positive
materiality 0.75
Federated Hermes Q2 EPS $0.81, AUM hits record $704B, dividend $0.28
FEDERATED HERMES, INC.
2023-Q2 EPS reported
$1.59
revenue$815,421,000
- Diluted EPS $0.81 vs $0.64 YoY; net income $72.2M vs $57.7M.
- Total AUM record $704.0B, up 11% YoY; money market assets record $509.0B.
- Board declares $0.28/share dividend, payable Aug 15 to holders of record Aug 8.
- Company repurchased 1.24M shares for $43.4M during Q2.
- No voluntary yield-related fee waivers in Q2 2023 (vs $9.5M in Q2 2022).