Federated Hermes Inc Class B

FHI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$72.00	Grbwn	Qgphytyz

Federated Hermes Earnings: Increased Money Market Assets and Fees Offset Weak Long-Term AUM Results

Greggory Warren

Apr 28, 2023

There was little in no-moat-rated Federated Hermes first-quarter results that would alter our long-term view of the firm. We are leaving our $40 per share fair value estimate in place. We view the company's shares as being only slightly undervalued right now.

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