Overview

* Federated Hermes ( FHI ) Q3 revenue beats analyst expectations, driven by higher money market assets

* EPS for Q3 2025 rises to $1.34 from $1.06 in the prior year

* Company reports record assets under management of $871.2 bln

Outlook

* Federated Hermes ( FHI ) did not provide specific financial guidance for future quarters or fiscal year

Result Drivers

* EQUITY FUND SALES - Record net sales of equity funds driven by interest in MDT equity and alternative quantitative investment offerings, per CEO J. Christopher Donahue

* MONEY MARKET GROWTH - Money market assets reached a record $652.8 bln, driven by investor interest in capital preservation and liquidity amid declining rates

* FIXED-INCOME ASSETS - Fixed-income assets reached a record $101.8 bln

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $469.44 $440.10

Revenue mln mln (4

Analysts

)

Q3 EPS $1.34

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "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 ( FHI ) is $51.00, about 6.5% above its October 29 closing price of $47.68

Press Release:

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(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.)