- Federated Hermes saw decent asset growth in the first five months of 2021, which is largely the result of strong fixed income net inflows.
- The company witnessed negative top-line growth in 1Q 2021 despite an increase in assets, thanks to yield-related fee waivers as a result of the low-interest rate environment.
- Federated Hermes is currently valued at 11.0 times consensus forward FY 2021 normalized P/E, and it offers a consensus forward FY 2021 dividend yield of 3.4%.
For further details see:
Federated Hermes: Fee Waivers More Than Offset Fixed Income Inflows