earnings
confidence high
sentiment positive
materiality 0.80
Federated Hermes Q3 EPS $1.06, AUM record $800.5B, dividend $0.31
FEDERATED HERMES, INC.
2024-Q3 EPS reported
$2.20
revenue$1,207,410,000
- EPS $1.06 vs $0.86 YoY; net income $87.5M, up from $75.0M.
- Total AUM record $800.5B, up 12% YoY; money market AUM record $593.0B.
- Board declares $0.31/share dividend payable Nov 15, record Nov 8.
- New share repurchase program authorized for up to 5M shares with no expiration.
- Top-selling funds: MDT Mid Cap Growth, Total Return Bond Fund/TETF.