Federated Hermes, Inc. (FHI) Stock

Federated Hermes, Inc. (FHI) is a Financials stock trading at $63.13 (as of 2026-08-20), with a market capitalization of $4.54B and a trailing P/E of 11.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

I can’t produce an accurate 1–2 sentence description from Signals.AI-style rules because the required primary source (Federated Hermes, Inc.’s SEC 10‑K “Business” (Item 1) text) wasn’t provided. Paste the Item 1 “Business” section (or a link/excerpt) and I’ll summarize it in ~45 words, grounded only in that text.

Understand Federated Hermes, Inc.: how it makes money

Federated Hermes is an asset management holding company that manages separate client-focused equity, fixed income, balanced, and money market mutual funds and separate accounts for individuals, institutions, and registered investment advisors, and it earns money including carried interest and performance fee revenue.

Profitability is meaningfully tied to variable compensation from investment outcomes, reflected in carried interest and performance fee revenue.

Business quality (Strong): The provided facts highlight a strong operating margin, but the dataset does not include official, mutually exclusive reportable segments or broader operating metrics beyond carried interest and performance fees.

Valuation: At 11× earnings, FHI trades 66% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Operating profitability is currently strong: Operating margin was 26.4% for the period ended 2026-03-31.
  • Earnings include performance-linked revenue: The company reports an operating metric for carried interest and performance fee revenue.

Bear case

  • Performance-related revenue can be volatile: Because carried interest and performance fee revenue is tied to investment outcomes, it can decline if results weaken.
Valuation — source: SEC EDGAR (first-party)
Price$63.13
Market Cap$4.54B
P/E Ratio11.0
EV / EBITDA8.8
Price / Book3.63
Price / Sales2.35
FCF Yield8.1%
DCF Value (model)$119.38
DCF Upside vs Price89.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.80B
Net Margin22.4%
Revenue Growth (YoY)18.3%
EPS Growth (YoY)19.0%
FCF Growth (YoY)342.7%
Financial Health — source: SEC EDGAR
Altman Z-Score5.58 (safe)
Valuation vs Sector & Industry
Stock P/E11.0
Sector P/E (Financials)15.1
Industry P/E (Trading)34.6
vs Sector-27.1%
vs Industry-68.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($429.35M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryTrading
CEOJohn Christopher Donahue
Employees2,000
CountryUS
IPO Date1998-05-14

Related Companies (Business model: Asset Manager (Traditional + Alternatives); 8 closest by market cap; US-domiciled)

  • Moelis & Company (MC)
  • Hamilton Lane Incorporated (HLNE)
  • PJT Partners Inc. (PJT)
  • Cohen & Steers, Inc. (CNS)
  • StepStone Group Inc. (STEP)
  • Artisan Partners Asset Management Inc. (APAM)
  • Acadian Asset Management (AAMI)
  • DigitalBridge Group, Inc. (DBRG)
FHI earnings history · FHI institutional & insider holders · FHI KPIs & operating metrics · FHI financials · FHI investor presentations & press releases · FHI SEC filings · FHI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.