Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.19, read 2026-10-24
Ethical does not pass the values gate
Price56.81 USD
Fair value63.00
Ethical score30.0/100
Our investment reviews on this name
2026-10-26Read Markup55.25+2.8% to today ✓Markdown gives way to Markup first Markup read since October
2026-10-22Read Markdown55.25+2.8% to today Markup gives way to Markdown first Markdown read since October
2026-10-18Read Markup55.05+3.2% to today ✓Markdown gives way to Markup first Markup read since August
2026-10-11Read Markdown57.52-1.2% to today ✓Distribution gives way to Markdown with results news in the headlines
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Federated Hermes, Inc. holds its Markup at $56.81. Consolidating, no directional conviction, held for 1 days.
As held on the ledger · 2026-10-23
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 1 days
Price at the screen
$56.81
Valuation
10.29 trailing · 9.56 forward price to earnings
Values screen
FAIL· score 30.0
Beta
0.64
The Workings
Five Screens, Shown in Full
Does not pass. Prohibited keyword in sector/industry: financial services
Test
Figure
Limit
What it means
Status
Business activity
Excluded
Core business clean
Prohibited keyword in sector/industry: financial services
Fail
Debt load
Excluded
Below 33%
Interest-bearing debt is of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
Excluded
Below 33%
Interest-bearing cash and securities are of assets, above the one-third limit.
Fail
Receivables
Excluded
Below 49%
Money owed to the company is of assets, above the 49% limit.
Fail
Revenue purity
Excluded
Below 5%
of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Federated Hermes, does not clear the screen at the business-activity stage. It operates in conventional financial services, which the screen treats as interest-based, so the financial ratios are not the deciding factor here.
Read as at 2026-10-28. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when FHI's ethical verdict changes
Today FHI does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
Free, no account needed. Every email has a link to stop.
Fair value range in USD, drawn from the 2026-10-23 screen. The gold marker is the market price at the same screen. A 10.9% margin of safety to the base estimate.
Third-party analyst targets: 7 covering, consensus Hold. The average target sits +4% from the screen price.
Reading the gap · Our model sees value the Street hasn't fully caught up to yet.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-23 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Financial services hit our ethical stop sign
Every pension contribution or wealth transfer that needs professional handling ends up inside an asset manager like this. We pass outright because the ethical screen flags the entire financial services sector, and that rule exists to keep us clear of certain business models regardless of the numbers.
Revenue is growing 13 percent with a 21 percent profit margin and 34 percent return on equity, yet the shares trade at just 10.1 times forward earnings with a consensus hold rating and a median target below the current price. Those figures look solid on paper, but the ethical verdict overrides any valuation appeal.
The main risk is that asset managers remain hostage to market swings and fee pressure, so even a low multiple can mask eroding earnings power over time. We simply do not proceed once the screen is failed.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
FHI trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-29Markup$56.81+2.8%Entry 16
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 2.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 1% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 39%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (7 analysts) rates it hold, with a mean price target of $55. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-28Markup$55.25+0.0%Entry 15
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 1% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 39%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (7 analysts) rates it hold, with a mean price target of $55. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-27Markup$55.25+0.0%Entry 14
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 1% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 39%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (7 analysts) rates it hold, with a mean price target of $55. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-26Markup · changed$55.25+0.0%Entry 13
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 1% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 39%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (7 analysts) rates it hold, with a mean price target of $55. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Markdown$55.25+0.0%Entry 12
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 39%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (7 analysts) rates it hold, with a mean price target of $55. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-24Markdown$55.25+0.0%Entry 11
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 39%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (7 analysts) rates it hold, with a mean price target of $55. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-23Markdown$55.25+0.0%Entry 10
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 39%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (7 analysts) rates it hold, with a mean price target of $55. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-22Markdown · changed$55.25+0.4%Entry 9
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 0.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 39%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (7 analysts) rates it hold, with a mean price target of $55. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-18Markup · changed$55.05-4.3%Entry 8
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 4.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 5% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 39%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (7 analysts) rates it hold, with a mean price target of $55.
2026-10-11Markdown · changed$57.52+0.0%Entry 7
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 5% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 39%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (7 analysts) rates it hold, with a mean price target of $55.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
