DGS Capital Management LLC Raises Holdings in Federated Hermes, Inc. $FHI

DGS Capital Management LLC boosted its position in Federated Hermes, Inc. (NYSE:FHI) by 24.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,207 shares of the company’s stock after acquiring an additional 12,562 shares during the quarter. Federated Hermes accounts for 0.6% of DGS Capital Management LLC’s investment portfolio, making the stock its 22nd biggest position. DGS Capital Management LLC’s holdings in Federated Hermes were worth $3,343,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FHI. Jupiter Asset Management Ltd. lifted its holdings in shares of Federated Hermes by 2,427.2% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 527,368 shares of the company’s stock valued at $27,386,000 after acquiring an additional 506,500 shares in the last quarter. Burney Co. increased its holdings in Federated Hermes by 61.8% in the 4th quarter. Burney Co. now owns 218,661 shares of the company’s stock valued at $11,386,000 after purchasing an additional 83,529 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Federated Hermes by 36.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 116,278 shares of the company’s stock valued at $6,055,000 after purchasing an additional 31,240 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Federated Hermes in the third quarter valued at about $6,279,000. Finally, LSV Asset Management raised its position in Federated Hermes by 20.4% in the fourth quarter. LSV Asset Management now owns 2,890,276 shares of the company’s stock valued at $150,497,000 after purchasing an additional 489,275 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Federated Hermes Price Performance

FHI stock opened at $59.20 on Friday. The company has a quick ratio of 2.73, a current ratio of 3.28 and a debt-to-equity ratio of 0.29. Federated Hermes, Inc. has a 52-week low of $41.96 and a 52-week high of $59.83. The stock’s 50 day moving average is $56.42 and its two-hundred day moving average is $55.01. The company has a market capitalization of $4.49 billion, a PE ratio of 11.47, a P/E/G ratio of 2.12 and a beta of 0.65.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The business had revenue of $478.96 million during the quarter, compared to analyst estimates of $475.22 million. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Analysts predict that Federated Hermes, Inc. will post 5.1 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, May 8th. This is an increase from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s payout ratio is presently 29.46%.

Insider Transactions at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 8,950 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $57.34, for a total transaction of $513,193.00. Following the sale, the chief executive officer owned 151,276 shares in the company, valued at $8,674,165.84. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Bryan M. Burke sold 4,000 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.20, for a total transaction of $216,800.00. Following the sale, the vice president directly owned 74,921 shares in the company, valued at $4,060,718.20. This trade represents a 5.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FHI shares. JPMorgan Chase & Co. decreased their target price on Federated Hermes from $56.00 to $53.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a report on Tuesday, April 21st. Wall Street Zen lowered Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada decreased their price target on Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, Evercore reaffirmed an “outperform” rating and issued a $59.00 price objective on shares of Federated Hermes in a research report on Monday, June 8th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Federated Hermes currently has a consensus rating of “Hold” and a consensus target price of $55.00.

Federated Hermes Profile

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.