Federated Hermes Inc Class B
FHI: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| NN | LOCK|^$r | LOCK|&wbz@G |
Federated Hermes Earnings: Long-Term Inflows Return; Shares Slightly to Modestly Undervalued
Federated exited September with $235 billion in long-term managed assets. Fee rates were up 7.0% year over year, average assets under management increased 4.4%, and revenue rose 8.1% to $507 million in the third quarter. Adjusted operating margin increased 260 basis points from a year ago to 30.2%.
