Federated Hermes Inc Class B

FHI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$78.00	Mhpj	Xbclvjtx

Federated Hermes Earnings: Solid Near-Term Results Belie a More Difficult Year Ahead for the Firm

Greggory Warren

Jan 25, 2024

While there was little in no-moat Federated Hermes fourth-quarter results that would alter our long-term view of the firm, we expect to increase our $36 per share fair value estimate slightly once we've incorporated the results into our valuation. This would leave the company's shares slightly undervalued relative to their Jan. 25 trading price.

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