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Federated Investors Inc B

Financial Services US FHI

41.25USD
-0.02(0.05%)

Last update at 2024-11-20T20:43:00Z

Day Range

40.8141.44
LowHigh

52 Week Range

29.9744.41
LowHigh

Fundamentals

  • Previous Close 41.27
  • Market Cap2859.35M
  • Volume273834
  • P/E Ratio10.80
  • Dividend Yield3.38%
  • EBITDA391.83M
  • Revenue TTM1591.98M
  • Revenue Per Share TTM18.83
  • Gross Profit TTM 933.10M
  • Diluted EPS TTM3.07

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 306.22M 376.29M 446.06M 365.27M 296.17M
Minority interest 4.93M -2.01500M 9.66M 4.79M 2.00M
Net income 239.50M 270.29M 326.36M 272.34M 220.30M
Selling general administrative 178.89M 185.67M 163.36M 158.27M 133.04M
Selling and marketing expenses 335.49M 182.48M 334.18M 358.44M 303.72M
Gross profit 933.10M 767.96M 944.87M 884.75M 780.91M
Reconciled depreciation 28.09M 30.01M 28.56M 25.92M 17.09M
Ebit 336.80M 366.27M 418.15M 347.93M 311.56M
Ebitda 337.02M 353.57M 395.96M 338.51M 328.65M
Depreciation and amortization 0.22M -12.70300M -22.18600M -9.41600M 17.09M
Non operating income net other -19.50100M 11.80M 30.58M 22.38M -28.22100M
Operating income 336.80M 366.27M 418.15M 347.93M 330.28M
Other operating expenses 1109.02M 934.17M 1030.12M 978.97M 805.40M
Interest expense 11.07M 50.72M 2.68M 5.04M 5.88M
Tax provision 71.66M 103.98M 110.03M 88.15M 73.88M
Interest income 30.80M 10.92M 19.51M 4.38M 4.26M
Net interest income -11.07300M - -2.67800M -5.03700M -5.88500M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 71.66M 103.98M 110.03M 88.15M 73.88M
Total revenue 1445.81M 1300.45M 1448.27M 1326.89M 1135.68M
Total operating expenses 596.30M 401.68M 526.72M 536.82M 450.63M
Cost of revenue 512.71M 532.49M 503.40M 442.15M 354.76M
Total other income expense net -30.57400M 10.02M 27.91M 17.34M -34.10600M
Discontinued operations - - - - -
Net income from continuing ops 234.56M 272.31M 336.02M 277.12M 222.30M
Net income applicable to common shares 239.50M 258.99M 326.36M 272.34M 220.30M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 2020.48M 2018.19M 2060.84M 1880.13M 1543.68M
Intangible assets 409.12M 471.21M 481.75M 446.23M 339.64M
Earning assets - - - - -
Other current assets 129.28M 132.77M 136.57M 120.65M 113.61M
Total liab 912.97M 904.17M 923.84M 838.85M 686.56M
Total stockholder equity 1045.69M 1114.02M 1137.00M 1041.28M 857.12M
Deferred long term liab 180.41M 205.21M 187.94M 165.38M 148.16M
Other current liab 239.02M 253.26M 249.60M 217.14M 181.18M
Common stock 1411.06M 1652.48M 1461.73M 1322.31M 1144.46M
Capital stock 1411.06M 449.12M 418.86M 392.21M 367.25M
Retained earnings 1015.59M 1187.00M 1027.70M 930.35M 791.82M
Other liab 221.16M 346.91M 346.41M 188.51M 187.87M
Good will 800.42M 798.87M 800.27M 774.53M 809.61M
Other assets 31.27M 188.66M 203.48M 42.15M 37.11M
Cash 336.78M 233.33M 301.82M 249.17M 156.83M
Cash and equivalents 336.78M 233.33M 301.82M 249.17M 156.83M
Total current liabilities 257.41M 270.71M 265.45M 230.71M 181.18M
Current deferred revenue - - - - -
Net debt 29.19M -9.97700M -226.81900M -149.17400M -21.83200M
Short term debt 18.39M 17.45M 15.85M 13.57M 0.00000M
Short long term debt - - - - -
Short long term debt total 365.98M 223.35M 75.00M 100.00M 135.00M
Other stockholder equity -1335.27600M -1741.82700M -1367.60100M -1211.13400M -1064.54300M
Property plant equipment 35.74M 46.97M 52.61M 51.73M 53.23M
Total current assets 651.03M 559.45M 575.34M 461.28M 304.10M
Long term investments - - - 3.70M -
Net tangible assets -102.06100M -156.06300M 91.96M 32.60M -109.61300M
Short term investments 184.97M 193.35M 136.95M 91.46M 33.66M
Net receivables 94.01M 96.27M 105.96M 102.08M 95.08M
Long term debt 347.58M 223.35M 75.00M 100.00M 135.00M
Inventory -94.00900M -96.27300M -105.96400M -102.08100M -95.07900M
Accounts payable 73.90M 64.02M 232.38M 206.46M 169.97M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -45.67600M 16.36M 15.17M -0.24900M -14.61700M
Additional paid in capital - - - - -
Common stock total equity 441.14M 449.12M 418.86M 392.21M 367.25M
Preferred stock total equity - - - - -
Retained earnings total equity 1015.59M 1187.00M 1027.70M 930.35M 791.82M
Treasury stock - -538.46400M -324.73100M -281.03200M -287.33700M
Accumulated amortization - - - - -
Non currrent assets other 31.27M 33.39M 28.79M 45.85M 37.11M
Deferred long term asset charges - - - - -
Non current assets total 1369.45M 1458.74M 1485.50M 1418.85M 1239.58M
Capital lease obligations 105.20M 122.72M 137.77M 121.12M -
Long term debt total 347.58M 223.35M 75.00M 100.00M 135.00M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -32.35700M 26.56M -24.82300M -94.68300M 0.21M
Change to liabilities -10.26000M -29.64100M 9.65M 23.69M -87.61600M
Total cashflows from investing activities -32.35700M 10.82M -24.82300M -94.68300M -174.43900M
Net borrowings 126.65M 148.35M -25.00000M -35.00000M -35.00000M
Total cash from financing activities -168.51300M -249.47200M -295.13600M -152.68000M -186.11500M
Change to operating activities 3.65M -13.00100M -24.63600M 0.19M 8.36M
Net income 234.56M 272.31M 336.02M 277.12M 222.30M
Change in cash 102.90M -70.58400M 59.12M 92.08M -159.38300M
Begin period cash flow 238.05M 308.63M 249.51M 157.43M 316.81M
End period cash flow 340.95M 238.05M 308.63M 249.51M 157.43M
Total cash from operating activities 323.95M 170.38M 373.24M 334.94M 206.28M
Issuance of capital stock - - - - -
Depreciation 28.09M 30.01M 28.56M 25.92M 17.09M
Other cashflows from investing activities -27.98500M 21.24M -11.32300M -79.63800M -157.37600M
Dividends paid 97.92M 105.76M 207.76M 109.15M 106.94M
Change to inventory - - - - -
Change to account receivables -4.36700M 6.66M 11.65M -7.25000M -9.90700M
Sale purchase of stock -218.14100M -228.34900M -66.75900M -15.74000M -29.24700M
Other cashflows from financing activities 509.19M -63.70900M 2.93M 5.78M -16.36900M
Change to netincome 76.83M 40.40M 26.82M 24.51M 41.94M
Capital expenditures 4.37M 10.42M 13.50M 15.04M 17.27M
Change receivables -4.36700M 6.66M 11.65M -7.25000M -11.08000M
Cash flows other operating -0.90100M -149.35400M -40.83100M -11.13500M 20.68M
Exchange rate changes - - - - -
Cash and cash equivalents changes 123.08M -68.27300M 53.28M 87.58M -154.27200M
Change in working capital 3.96M -12.70400M -12.28700M 23.85M -94.66700M
Stock based compensation 35.51M 39.70M 35.45M 32.95M 23.89M
Other non cash items 40.56M -177.96900M -32.68100M -32.35700M 25.41M
Free cash flow 319.58M 159.96M 359.74M 319.89M 189.01M

Peer Comparison

Sector: Financial Services Industry: Asset Management

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
FHI
Federated Investors Inc B
-0.02 0.05% 41.25 10.80 9.47 1.80 2.60 1.74 6.75
BX
Blackstone Group Inc
0.04 0.02% 184.96 54.68 21.93 18.77 13.26 8.40
BLK
BlackRock Inc
-1.5 0.15% 1026.61 34.48 22.47 6.68 3.04 6.82 15.82
KKR
KKR & Co LP
-0.19 0.12% 152.59 29.90 16.84 4.76 3.56 2.50 4.66
IVSBF
Investor AB ser. B
- -% 26.69 6.10 - 0.41 1.04 0.24 1.68

Reports Covered

Stock Research & News

Profile

Federated Hermes, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. The firm makes its fixed income investments in ultra-short, short-term, and intermediate-term mortgage-backed, U.S. Government, U.S. corporate, high yield, and municipal securities. It employs both fundamental and quantitative analysis to make its equity investments. Federated Hermes, Inc. was founded in 1955 and is based in Pittsburgh, Pennsylvania with additional offices in New York City and London, United Kingdom.

Federated Investors Inc B

1001 Liberty Avenue, Pittsburgh, PA, United States, 15222-3779

Key Executives

Name Title Year Born
Mr. John Christopher Donahue Pres, CEO & Chairman 1949
Mr. Thomas Robert Donahue VP, Treasurer, CFO & Director 1959
Mr. John Basil Fisher VP & Director 1956
Mr. Paul Adam Uhlman VP 1967
Ms. Mary Jo Ochson CFA Head of the Tax-Free Money Market Investment Area, Chief Investment Officer, SVP & Sr Portfolio Mngr 1953
Mr. Richard Anthony Novak VP, Assistant Treasurer & Principal Accounting Officer 1963
Mr. Raymond J. Hanley Sr. VP NA
Mr. Stephen Paul Van Meter VP & Chief Compliance Officer 1975
Mr. Peter J. Germain Exec. VP, Chief Legal Officer & Sec. 1959
Mr. J. T. Tuskan Sr. VP and Director of Marketing & Corp. Communications NA

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