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MarketScreener Homepage  >  Equities  >  Nyse  >  Federated Hermes, Inc.    FHI

FEDERATED HERMES, INC.

(FHI)
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Delayed Quote. Delayed Nyse - 08/07 04:10:00 pm
26.44 USD   +3.61%
08/07Corporate Bond Investors Still Wary of Coronavirus Volatility
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08/06FEDERATED HERMES, INC. : Ex-dividend day for
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08/05Foreign Investors Flock to Russian Government Bonds
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Federated Investors to Acquire Investment-Management Assets From PNC

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05/07/2019 | 08:33am EDT

By Michael Dabaie

Federated Investors said it would acquire certain components of PNC Capital Advisors LLC's investment-management business from PNC Financial Services Group.

Federated will pay PNC an estimated total purchase price of $52 million when the transaction is completed, which is expected in the fourth quarter.

The proposed transaction includes the reorganization of PNC's liquidity, equity and fixed-income mutual funds into corresponding Federated mutual funds, the acquisition of a portion of PNC's separate account and separately managed account business, and the transition of a six-person international equity management team from PNC to Federated.

The deal includes about $9 billion in liquidity assets, $4.2 billion in equity assets and $700 million in fixed-income assets.

Write to Michael Dabaie at michael.dabaie@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
FEDERATED HERMES, INC. 3.61% 26.44 Delayed Quote.-18.87%
JUST GROUP PLC 2.06% 46.54 Delayed Quote.-41.09%
PNC FINANCIAL SERVICES GROUP, INC. 2.49% 109.7 Delayed Quote.-31.28%
TEAM, INC. 10.18% 5.41 Delayed Quote.-66.12%
WILL GROUP, INC. 3.10% 599 End-of-day quote.-52.16%
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Latest news on FEDERATED HERMES, INC.
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Financials (USD)
Sales 2020 1 418 M - -
Net income 2020 276 M - -
Net Debt 2020 - - -
P/E ratio 2020 9,54x
Yield 2020 3,97%
Capitalization 2 549 M 2 549 M -
Capi. / Sales 2020 1,80x
Capi. / Sales 2021 1,83x
Nbr of Employees 1 826
Free-Float 87,3%
Chart FEDERATED HERMES, INC.
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Technical analysis trends FEDERATED HERMES, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 27,60 $
Last Close Price 26,44 $
Spread / Highest target 21,0%
Spread / Average Target 4,39%
Spread / Lowest Target -9,23%
EPS Revisions
Managers
NameTitle
John Christopher Donahue Chairman, President & Chief Executive Officer
Thomas Robert Donahue Chief Financial Officer, Treasurer & Director
Michael J. Farrell Independent Director
John Basil Fisher Director & Vice President
Marie Milie Jones Independent Director
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