Federated Hermes, Inc.
At today's price, Federated Hermes, Inc. (FHI) is priced for -0.8% earnings growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
What the balance-sheet methods miss is the whole business. Federated Hermes earns about 33% on equity on a book of only about $17 per share, because an asset manager runs on fees against assets under management, not on capital. Book value is almost irrelevant to what it is worth. The right lens is fee earnings, and they are at records. Q1 2026 brought EPS of $1.27 on net income of $96.4 million, with total AUM at a record $907 billion, money-market assets at a record $685 billion, and equity as
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384 institutional managers reported holding FHI in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 51%. 56 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 3.7M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (5.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FHI has cut its share count 22.7% over the past five years, spending $1.03B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $1.33 a share annually. Cash returned over the past three years: $364.46M in dividends and $601.08M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at FHI over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FHI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | -6.7% | +0.6% |
| 2023-10-28 | +3.2% | +7.4% |
| 2024-02-24 | +2.1% | -6.9% |
| 2024-04-27 | -6.2% | +0.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FHI's latest 8-K filings: 2026-04-30 (items 2.02, 9.01); 2026-04-09 (items 8.01, 9.01); 2026-01-30 (items 8.01, 9.01); 2026-01-29 (items 2.02, 9.01); 2025-12-02 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.