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FHI - Federated Hermes: Asset Class Concentration Is A Double-Edged Sword
Federated Hermes Inc.
Federated Hermes' diluted EPS grew by +18% YoY in 3Q 2020 driven by a +17% YoY growth in AUM, but it is worth noting the -2% QoQ decline in AUM.
There is room for Federated Hermes to further diversify its product and asset mix, and accretive acquisitions could be potential re-rating catalysts for the stock.
Federated Hermes' current market capitalization-to-assets under management ratio is 0.44% based on its share price of $28.04 as of January 4, 2021.