Schneider Downs Wealth Management Advisors increased its position in Federated Hermes (NYSE: FHI) during the first quarter, acquiring an estimated $3.56 million worth of shares based on the quarterly average price, according to a May 14, 2026, SEC filing.
What happened
According to a Securities and Exchange Commission (SEC) filing on May 14, 2026, Schneider Downs Wealth Management increased its holdings in Federated Hermes by 65,025 shares during the first quarter. The estimated value of these purchases was $3.56 million, based on the average closing price of the quarter. The value of the position at the end of the quarter increased by $16.04 million, reflecting both the additional shares and market movement.
what else to know
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This purchase raised Federated Hermes’ stake to 17% of Schneider Downs Wealth Management Advisors, LP’s 13F reportable assets under management as of March 31, 2026.
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Main participations after the presentation:
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New York Stock Exchange:FHI: $154.70 million (17.1% of assets under management)
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NYSEMKT:SPDW: $82.39 million (9.1% of assets under management)
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NYSEMKT:VO: $70.65 million (7.8% of assets under management)
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NYSEMKT:MMIT: $62.18 million (6.9% of assets under management)
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NYSEMKT:SCHG: $47.79 million (5.3% of assets under management)
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As of Friday, Federated Hermes shares were trading at $56.06, up 32% from a year ago and outpacing the S&P 500’s gain of about 28% in the same period.
Company Overview
|
Metric |
Worth |
|---|---|
|
Price (as of Friday) |
$56.06 |
|
Market capitalization |
4.3 billion dollars |
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Revenue (TTM) |
1.86 billion dollars |
|
Net Income (TTM) |
$398.54 million |
Company Snapshot
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Federated Hermes, Inc. offers asset management services, including equity, fixed income, balanced and money market mutual funds, as well as separate account management for institutional and individual investors.
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The company generates revenue primarily through management fees and advisory services, leveraging both fundamental and quantitative investment strategies in global markets.
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Its primary clients include individuals, high net worth investors, institutional clients (such as pension funds and government entities), and registered investment advisors.
Federated Hermes, Inc. is a leading asset management holding company with a diversified set of investment products and a global client base. The firm’s scale and experience in both active and quantitative investment strategies support its competitive position in the asset management industry. Consistent profitability and a stable income stream from management fees provide a resilient business model.
What this transaction means for investors
This purchase seems like a vote of confidence in a business that Schneider Downs already knows well. What’s particularly interesting is that Federated Hermes stands as the firm’s largest disclosed position, ahead of a lineup dominated by ETFs and diversified market exposures. That concentration suggests that the wealth manager sees something attractive in owning the asset manager itself, not just its products.
The timing makes sense. Federated Hermes recently reported record assets under management of $907.1 billion, including a record $684.7 billion in money market assets and a record $100.8 billion in equity assets. Revenue increased 13% year over year to $479 million, as higher money market and stock market balances drove fee generation. CEO J. Christopher Donahue highlighted record gross sales and positive capital flows, and the company also increased its quarterly dividend by nearly 12% and repurchased $66 million in stock during the quarter.
Federated benefits when investors put cash into money market funds, but it’s also seeing renewed momentum in higher-fee equity strategies. If interest rates remain elevated and asset accumulation continues, the company could have multiple paths to growth while returning capital through dividends and buybacks.