Federated Hermes (FHI)
NYSEFinancialsAsset ManagementSnapshot 2026-09-04
$62.40+0.39%
Close 2026-09-04 · 1-day change
NYSEFinancialsAsset ManagementSnapshot 2026-09-04
QuarterlyIQ Insights · FHI
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance dropped from the top half to the bottom half of its industry over the past month — the reason to own it has weakened.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 9.6% |
| Our one-year growth estimate | diamond | 6.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 3.5 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 35 industry peers
FHI — CEO transition
Dated 2025-12-02
President and CEO — John B. Fisher: The CEO of a major subsidiary is stepping back from full-time duties in an orderly succession with a named internal successor, rather than a sudden loss of leadership.
Why it matters: A drop in equity assets could signal weakening investor interest. This would challenge revenue growth.
Worry ifEquity assets are above $100 billion.
Less concerning ifEquity assets are below $100 billion.
Why it matters: Going above this level shows strong growth. It matches management's goal for record AUM.
Supportive ifTotal assets under management are more than $915 billion.
Worry ifTotal assets under management are less than $900 billion.
Why it matters: High money market assets show strong demand for cash products. This helps revenue grow.
Supportive ifMoney market assets are above $680 billion.
Worry ifMoney market assets are below $680 billion.
Why it matters: Positive net flows show strong investor interest and help future revenue growth.
Supportive ifNet flows in equity offerings were positive for two quarters in a row.
Worry ifNet flows in equity offerings were negative for two quarters in a row.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$102 on $10,000 · ±1.0% | How much price usually moves either way. |
| Bad day | $235 loss on $10,000 · 2.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,257 loss on $10,000 · 12.6% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The success of the FCP purchase is key for Federated Hermes' real estate growth.
Supportive ifFCP Fund Manager reports asset growth over $3.5 billion in six months.
Worry ifFCP Fund Manager's assets drop or stay below $3.5 billion.
Why it matters: A drop in revenue growth would signal a slowdown in the financial sector. This could hurt investor confidence in Federated Hermes.
Worry ifQ2 revenue growth falls below the median of the last three years.
Less concerning ifQ2 revenue growth stays above the median of the last three years.
Why it matters: Growth in private market assets would back Federated Hermes' plan to grow in this area.
Supportive ifPrivate markets assets grow to over $23.8 billion by the next earnings report.
Worry ifPrivate markets assets decline or grow less than 4% in the next quarter.
Why it matters: More assets under management show that investors trust the company and its health.
Supportive ifTotal assets under management increase by more than 8% year over year.
Worry ifTotal assets under management grow less than 5% year over year.
Why it matters: Keeping the dividend steady or raising it shows good use of money. This matches management's goal to keep dividends.
Supportive ifDividend payout remains at or above $0.38 per share for Q2 2026.
Worry ifDividend payout drops below $0.38 per share for Q2 2026.
Why it matters: An increase shows a commitment to giving value to shareholders. It helps keep dividend growth.
Supportive ifQuarterly dividend is over $0.40 per share.
Worry ifQuarterly dividend declared at or below $0.38 per share.
Why it matters: Higher dividends show strong financial health. They show a commitment to giving value to shareholders.
Supportive ifDividend declared increases to $0.40 per share or more in Q2 2026.
Worry ifDividend stays at $0.38 per share or drops. This shows possible financial trouble.
Why it matters: An increase would show a focus on giving value to shareholders and staying strong financially.
Supportive ifDividend declared above $0.38 per share. This shows strong capital use.
Worry ifDividend stays at $0.38 or drops. This suggests financial strain.
Why it matters: A successful integration will boost Federated Hermes' private market skills. This fits growth plans.
Supportive ifFCP integration is complete with clear growth goals.
Worry ifThere are delays or problems in the FCP integration.
Why it matters: EPS growth is key for Federated Hermes to meet its strategic goals. A strong EPS signal can boost investor confidence.
Supportive ifQ2 2026 EPS exceeds $1.30, indicating solid growth from Q1 2026's $1.27.
Worry ifQ2 2026 EPS falls below $1.25, showing stagnation in earnings growth.
Why it matters: Strong EPS growth shows good management. It also shows the company is running well.
Supportive ifQ3 earnings per share grows to $1.47 or more.
Worry ifQ3 earnings per share growth is less than 15% year-over-year.
Why it matters: Higher dividends mean strong finances. They also show a commitment to investors.
Supportive ifQuarterly dividends rise by more than 5% from the last quarter.
Worry ifQuarterly dividend stays the same or goes down.
Why it matters: Keeping the dividend shows strong cash flow. It also shows commitment to shareholders.
Watch forThe board declares the dividend remains at $0.38 per share for the next quarter.
Also watch forThe board cuts the dividend below $0.38 per share.