Federated Hermes slightly beats Q1 revenue estimates, AUM hits record

Federated Hermes

30/04/2026 21:20

Overview

U.S. asset manager's Q1 revenue slightly beat analyst expectations, AUM hit record $907.1 bln

Q1 EPS rose to $1.27 from $1.25 a year earlier

Company raised quarterly dividend by 11.8% and repurchased $66 mln in stock

Outlook

Federated Hermes did not provide specific financial guidance for the current quarter or full year in its press release

Result Drivers

MONEY MARKET DEMAND - Co said record money market assets reflected ongoing investor interest in capital preservation and liquidity

EQUITY INFLOWS - Record equity assets driven by positive net flows and strong sales, especially in MDT quantitative investment solutions

HIGHER OPERATING EXPENSES - Operating expenses increased due to higher distribution and compensation costs

Company press release: ID:nPn9jbvQJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$478.96 mln
$474.56 mln (4 Analysts)
Q1 EPS
$1.27


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for Federated Hermes Inc is $58.00, about 2.9% above its April 29 closing price of $56.36

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)