Federated Hermes, Inc. $FHI Stake Raised by Sei Investments Co.

Sei Investments Co. raised its holdings in Federated Hermes, Inc. (NYSE:FHI) by 13.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,785 shares of the company’s stock after acquiring an additional 7,941 shares during the quarter. Sei Investments Co.’s holdings in Federated Hermes were worth $3,899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Rockefeller Capital Management L.P. grew its stake in shares of Federated Hermes by 24.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock worth $52,000 after purchasing an additional 194 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Federated Hermes by 71.0% in the 1st quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock worth $32,000 after purchasing an additional 237 shares in the last quarter. RiverFront Investment Group LLC lifted its stake in Federated Hermes by 4.7% during the fourth quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock valued at $299,000 after purchasing an additional 256 shares during the last quarter. Advyzon Investment Management LLC lifted its stake in Federated Hermes by 6.0% during the fourth quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock valued at $239,000 after purchasing an additional 259 shares during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in Federated Hermes by 1.7% during the first quarter. State of Michigan Retirement System now owns 17,776 shares of the company’s stock worth $1,008,000 after buying an additional 300 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 8,950 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $57.34, for a total transaction of $513,193.00. Following the sale, the chief executive officer directly owned 151,276 shares of the company’s stock, valued at $8,674,165.84. The trade was a 5.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.20% of the company’s stock.

Federated Hermes Stock Performance

Shares of FHI opened at $63.32 on Friday. Federated Hermes, Inc. has a one year low of $46.66 and a one year high of $67.20. The company has a 50-day moving average of $58.43 and a two-hundred day moving average of $56.60. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.50 and a beta of 0.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 2.73.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.19. The business had revenue of $502.78 million for the quarter, compared to analyst estimates of $488.34 million. Federated Hermes had a net margin of 21.30% and a return on equity of 34.03%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 earnings per share. On average, equities research analysts expect that Federated Hermes, Inc. will post 5.43 earnings per share for the current year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 7th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 7th. Federated Hermes’s payout ratio is presently 28.25%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FHI shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $58.00 price target on shares of Federated Hermes in a research report on Monday. Evercore reiterated an “outperform” rating and set a $59.00 price objective on shares of Federated Hermes in a research report on Monday, June 8th. Royal Bank Of Canada raised their price objective on Federated Hermes from $54.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. decreased their target price on Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a report on Monday, May 4th. Finally, Wall Street Zen raised Federated Hermes from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $56.20.

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.