•
Sep 30, 2024
Federated Hermes Q3 2024 Earnings Report
Reported record assets under management with third quarter earnings.
Key Takeaways
Federated Hermes reported a strong Q3 2024, achieving record assets under management of $800.5 billion, driven by inflows into money market and fixed-income products, along with market appreciation. Earnings per diluted share increased to $1.06, and the board declared a dividend of $0.31 per share and authorized a new share repurchase program.
Total assets under management reached a record $800.5 billion.
Money market assets reached a record $593.0 billion.
Fixed income assets reached a record $100.2 billion.
Q3 2024 earnings per diluted share were $1.06.
Federated Hermes
Federated Hermes
Forward Guidance
The company did not provide forward guidance in the earnings report.