Federated Investors, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 31, 2020 at 02:47 am IST
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Federated Investors, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced total revenue was USD 358.025 million compared to USD 307.216 million a year ago. Operating income was USD 102.791 million compared to USD 87.954 million a year ago. Net income was USD 82.107 million compared to USD 61.536 million a year ago. Basic earnings per share was USD 0.81 compared to USD 0.61 a year ago. For the full year, total revenue was USD 1,326.894 million compared to USD 1,135.677 million a year ago. Operating income was USD 347.927 million compared to USD 330.280 million a year ago. Net income was USD 272.339 million compared to USD 220.297 million a year ago. Basic earnings per share was USD 2.69 compared to USD 2.18 a year ago.
Federated Hermes, Inc. is an investment management company. The Company operates through a single segment, being the investment management business. It sponsors, markets and provides investment-related services to various investment products, including sponsored investment companies and other funds (Federated Hermes Funds); and Separate Accounts, which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. In addition, it markets and provides stewardship and real estate development services to various domestic and international companies. The Company provides investment advisory services to approximately 180 Federated Hermes Funds. It markets these funds to institutional customers and banks, broker/dealers and other financial intermediaries who use them to meet the needs of customers and/or clients, including, among others, retail investors, corporations and retirement plans.
FEDERATED HERMES, INC. 
