Federated Hermes Inc Class B

FHI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$82.00	Ykn	Nhplldtyf

An End to Fee Waivers Offsets Outflows and Market Losses in Federated Hermes' Q2

Greggory Warren

Jul 29, 2022

There was little in no-moat Federated Hermes' second-quarter results that would alter our long-term view of the firm. We maintain our $33 fair value estimate and consider shares to be slightly overvalued.

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