Welcome to our dedicated page for Federated Hermes news (Ticker: FHI), a resource for investors and traders seeking the latest updates and insights on Federated Hermes stock.
Federated Hermes, Inc. (NYSE: FHI) is a global active investment manager in the finance and insurance sector, with a focus on delivering equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies. Company press releases and SEC filings show that Federated Hermes regularly communicates with investors about its assets under management, product lineup and organizational developments.
The FHI news feed features earnings announcements, including detailed quarterly and year-to-date financial results, revenue by asset type, operating expenses and net income. These releases also discuss trends in assets under management, such as record levels in money market and fixed-income assets, and provide information on dividends declared by the board of directors.
Investors following FHI news will also see corporate and strategic updates, such as the definitive agreement to acquire a majority interest in FCP Fund Manager, L.P., a U.S. real estate investment manager. This type of news highlights how Federated Hermes is expanding its private markets and real estate capabilities, complementing its existing businesses in private equity, private credit, infrastructure, real estate and market neutral strategies.
Another recurring theme in Federated Hermes news is leadership and succession planning. The company has announced portfolio manager retirements, promotions within its fixed-income and municipal bond groups, and changes in executive leadership at its advisory subsidiaries and distribution arm. These updates describe how responsibilities are transitioning among experienced investment professionals and executives.
In addition, the news stream includes information on fund-specific developments, such as regular dividend declarations for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN), a fund that seeks to provide dividend income exempt from regular federal income tax and the federal alternative minimum tax. By reviewing FHI news, readers can monitor how Federated Hermes manages its product range, reports financial performance and executes its strategic plans over time.
Federated Hermes (NYSE: FHI) announced the acquisition of C.W. Henderson & Associates, adding more than $3.5 billion in separately managed account (SMA) assets focused on tax-exempt municipal securities. With this acquisition, Federated Hermes' total municipal bond assets under management rise to approximately $16.8 billion, including its existing $13.3 billion portfolio. The C.W. Henderson team, consisting of 11 members, will continue to manage their two municipal bond products, expanding Federated Hermes' investment strategy offerings and customer service capabilities.
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Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.041 per share, exempt from federal income tax and the federal alternative minimum tax (AMT). The record date for this dividend is August 23, 2022, with an ex-dividend date of August 22, 2022, and the payable date set for September 1, 2022. Federated Hermes, Inc. (FHI), managing assets worth $631.9 billion as of June 30, 2022, offers a variety of investment solutions across multiple strategies for over 11,000 clients globally.
Federated Hermes reported Q2 2022 earnings per diluted share of $0.64, up from $0.56 year-over-year, with net income reaching $57.7 million. Year-to-date earnings per share decreased to $1.24 from $1.31 in 2021. Total managed assets were $631.9 billion, a decline of 2% from the previous year. The company declared a quarterly dividend of $0.27 per share, payable August 15, 2022. Notably, the report included $20.9 million in net losses from investments.
Federated Hermes, Inc. (NYSE: FHI) announced the acquisition of C.W. Henderson and Associates, a Chicago-based investment advisor managing approximately $3.63 billion in tax-exempt municipal securities. The deal, expected to close in Q3 2022, allows Federated Hermes to enhance its $23 billion separately managed accounts (SMA) business and leverage C.W. Henderson's expertise in conservative municipal bond management. C.W. Henderson's team will join Federated Hermes, continuing to manage client portfolios under its brand.
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Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.041 per share for its common shares, payable on August 1, 2022. The record date is July 22, 2022, and the ex-dividend date is July 21, 2022. This tax-free dividend income is exempt from regular federal income tax and the federal alternative minimum tax (AMT). The fund is also entering a three-year special terms period for its Variable Rate Municipal Term Preferred Shares, Series 2019, ensuring a fixed spread over the prevailing short-term tax-exempt rate.
Federated Hermes, Inc. (NYSE: FHI) will announce its financial results for the second quarter of 2022 on July 28, 2022. The conference call for investors is scheduled for July 29, 2022, at 9 a.m. Eastern, hosted by CEO J. Christopher Donahue and CFO Thomas R. Donahue. As of March 31, 2022, the company manages $631.1 billion in assets for over 11,000 clients globally. Investors can access the conference call via phone or online at FederatedHermes.com.
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