Earnings Call Summary | Federated Hermes(FHI.US) Q1 2024 Earnings Conference
Earnings Call Summary | Federated Hermes(FHI.US) Q1 2024 Earnings Conference
The following is a summary of the Federated Hermes, Inc. (FHI) Q1 2024 Earnings Call Transcript:
以下是聯邦愛馬仕公司(FHI)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Federated Hermes recorded $779 billion in assets under management in Q1 2024, with a record $579 billion in money market assets.
Increases in Equities and Fixed income have led to these assets reaching $80.2 billion and $96.3 billion respectively.
Despite net redemptions of $3.4 billion in Equity funds, market gains and other factors have balanced the numbers.
The company's total revenue for Q1 increased by $4.9 million from the previous quarter.
There has also been significant growth in the alternative private markets which rose to $20.5 billion.
The board of Federated Hermes has declared a dividend payment of $1.31 per share, to be paid in May 2024.
聯邦愛馬仕在2024年第一季度管理的資產爲7790億美元,貨幣市場資產達到創紀錄的5,790億美元。
股票和固定收益的增加使這些資產分別達到802億美元和963億美元。
儘管淨贖回了34億美元的股票基金,但市場收益和其他因素平衡了這一數字。
該公司第一季度的總收入比上一季度增加了490萬美元。
另類私人市場也大幅增長,增至205億美元。
聯邦愛馬仕董事會已宣佈派發每股1.31美元的股息,將於2024年5月支付。
Business Progress:
業務進展:
The firm reports positive net sales in twelve equity funds, including the MDT Mid Cap Growth, MDT Large Cap Growth, and the US SMID Equity Fund.
Federated Hermes launched the Horizon 3, a global private equity fund, and Hermes Innovation II Fund.
The company continues to explore M&A opportunities while maintaining their share repurchases.
Federated Hermes anticipates an increase in expenditures for the year 2024 due to timing and additional commitments.
The firm expresses positive sentiment over their money market funds, as they continue to acquire more clients.
The second quarter witnessed an approximately $1.9 billion in net institutional forthcoming funding.
Strong performance in the institutional trade and accelerated sales in the MDT fund have contributed to overall progress of the company.
該公司報告了十二隻股票基金的淨銷售額爲正,包括MDT中型股增長基金、MDT大型股增長基金和美國中小企業股票基金。
聯邦愛馬仕推出了全球私募股權基金Horizon 3和愛馬仕創新二期基金。
該公司繼續探索併購機會,同時維持股票回購。
聯邦愛馬仕預計,由於時間安排和額外承諾,2024年的支出將增加。
隨着他們繼續獲得更多客戶,該公司對他們的貨幣市場基金表示樂觀。
第二季度機構資金淨額約爲19億美元。
機構交易的強勁表現和MDT基金銷售的加速推動了公司的整體發展。
More details: Federated Hermes IR
更多詳情: 聯邦愛馬仕 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。