The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

FHI

Concerning the House

Federated Hermes, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. The firm makes its fixed income investments in ultra-short, short-term, and intermediate-term mortgage-backed, U.S. Government, U.S. corporate, high yield, and municipal securities. It employs both fundamental and quantitative analysis to make its equity investments. Federated Hermes, Inc. was founded in 1955 and is based in Pittsburgh, Pennsylvania with additional offices in New York City; Chicago, Illinois and London, United Kingdom.

United States · www.federatedhermes.com/us/home.do

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$1.80B+2.6%
Operating income$513.88M+2.4%
Net income$268.31M+1.2%
Cash from ops$297.35M+2.2%
Quotation

$63.55

+0.55 (+0.9%)

52w hi$64.57
52w lo$46.07
Vol371.15K
As ofAug 13
The Verdict

Hold

Our score +0.36

Short+0.14
Medium+0.43
Long+0.66

computed 2026-08-13

By the Numbers

Federated Hermes, Inc.

Financial Services · Asset Management

Market cap$4.74B
Enterprise value$4.60B
Trailing P/E11.81x
Forward P/E10.93x
EV / EBITDA8.28x
P / S (ttm)2.45x
Profit margin21.3%
Return on equity31.1%
Revenue growth+18.3%
Earnings growth+19.3%
Debt / equity32.35
Risk Metrics
Beta vs SPX0.72
Corr SPX0.51
Annual vol23.1%
Annual ret+35.7%
Sharpe1.55
Max DD-17.2%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.41
Sector+0.09
Technical+0.17
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$63.20$63.61$62.01$63.55371.15K
Aug 12$64.57$66.06$62.18$63.00486.80K
Aug 11$62.96$64.63$62.62$63.00393.40K
Aug 10$63.18$63.96$62.76$63.14371.70K
Aug 7$62.73$63.29$62.37$63.16368.70K