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Federated Hermes Federated Hermes , Inc. reports third quarter 2021 earnings Fixed - income assets reach a record $ 97 billion Long - term assets reach a record $ 220 billion Board declares $ 0.27 per share quarterly dividend ( PITTSBURGH , Pa . , Oct. 28 , 2021 ) - Federated Hermes , Inc. ( NYSE : FHI ) , a global leader in active , responsible investing , today reported earnings per diluted share ( EPS ) of $ 0.73 for Q3 2021 , compared to $ 0.85 for the same quarter last year , on net income of $ 71.4 million for Q3 2021 , compared to $ 85.8 million for Q3 2020. Federated Hermes reported YTD 2021 EPS of $ 2.04 , compared to $ 2.29 for the same period in 2020 , on YTD 2021 net income of $ 201.7 million , compared to $ 231.2 million for the same period in 2020. As reported for Q2 2021 , Federated Hermes ' YTD 2021 results include a $ 14.5 million , or $ 0.10 per diluted share , noncash U.K. tax expense . ● ● Press Release Federated Hermes ' total managed assets were $ 634.1 billion at Sept. 30 , 2021 , up $ 19.3 billion or 3 % from $ 614.8 billion at Sept. 30 , 2020 and down $ 11.7 billion or 2 % from $ 645.8 billion at June 30 , 2021. Total average managed assets for Q3 2021 were $ 633.1 billion , up $ 5.0 billion or less than 1 % from $ 628.1 billion reported for Q3 2020 and down $ 6.6 billion or 1 % from $ 639.7 billion for Q2 2021 . " As clients continued to rely on our diversified investment options , Federated Hermes ' fixed - income assets reached a record high in the third quarter , which marked our sixth consecutive quarter with positive net flows in fixed - income assets , " said J. Christopher Donahue , president and chief executive officer . " Investors sought a range of Federated Hermes ' fixed - income strategies , including multisector , high - yield and low - duration offerings , which have offered a yield advantage in this low - rate environment . " Federated Hermes ' board of directors declared a dividend of $ 0.27 per share . The dividend is payable on Nov.15 , 2021 to shareholders of record as of Nov. 8 , 2021. During Q3 2021 , Federated Hermes purchased 593,619 shares of Federated Hermes class B common stock for $ 17.7 million . Equity assets were $ 97.4 billion at Sept. 30 , 2021 , up $ 17.0 billion or 21 % from $ 80.4 billion at Sept. 30 , 2020 and down $ 3.1 billion or 3 % from $ 100.5 billion at June 30 , 2021. Top - selling equity funds during Q3 2021 on a net basis were Federated Hermes Global Equity ESG Fund , Federated Hermes International Equity Fund , Federated Hermes MDT Small Cap Core Fund , Federated Hermes Global Small Cap Equity Fund and Federated Hermes Global Equity Fund ( UCITS ) . Fixed - income assets were a record $ 97.2 billion at Sept. 30 , 2021 , up $ 17.7 billion or 22 % from $ 79.5 billion at Sept. 30 , 2020 and up $ 6.4 billion or 7 % from $ 90.8 billion at June 30 , 2021. Top - selling fixed - income funds during Q3 2021 on a net basis were Federated Hermes Ultrashort Bond Fund , Federated Hermes Total Return Bond Fund , Federated Hermes Institutional High Yield Bond Fund , Federated Hermes Short - Term Income Fund and Federated Hermes Short - Intermediate Municipal Fund . Alternative / private market assets were a record $ 22.1 billion at Sept. 30 , 2021 , up $ 4.0 billion or 22 % from $ 18.1 billion at Sept. 30 , 2020 and up $ 1.1 billion or 5 % from $ 21.0 billion at June 30 , 2021 . MEDIA : Ed Costello 412-288-7538 MEDIA : Meghan McAndrew 412-288-8103 ANALYSTS : Ray Hanley 412-288-1920