GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Inc (FRA:3KC) » Definitions » Taxes Refund Paid

Federated Hermes (FRA:3KC) Taxes Refund Paid


View and export this data going back to 2008. Start your Free Trial

What is Federated Hermes Taxes Refund Paid?

Taxes Refund Paid only applicable to companies reporting Cash Flow from Operations in direct method.


Federated Hermes Business Description

Traded in Other Exchanges
Address
1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779
Federated Hermes provides asset-management services for institutional and individual investors. The firm had $800 billion in managed assets at the end of September 2024, composed of equity (10%), multi-asset (less than 1%), fixed-income (12%), alternative (3%), and money market (74%) funds. The firm's cash-management operations are expected to generate around 51% of Federated's revenue this year, compared with 29%, 12%, and 7%, respectively, for the equity, fixed-income, and alternatives/multi-asset operations. The company's products are distributed via trust banks, wealth managers, and retail broker/dealers (65% of AUM), institutional investors (26%), and international clients (9%).