earnings
confidence high
sentiment positive
materiality 0.75
Federated Hermes Q2 EPS $1.38, record AUM $911.6B, up 8% YoY
FEDERATED HERMES, INC.
- EPS $1.38 diluted vs $1.16 YoY; net income $104.3M vs $91.0M.
- Record AUM $911.6B, up 8% YoY; equity assets record $109.6B.
- Board declares $0.38 dividend payable Aug 14, record Aug 7.
- Repurchased 1.12M shares for $58.9M in Q2.
- Acquired majority interest in real estate manager FCP Fund Manager, L.P.