Capital Fund Management S.A. Has $1.79 Million Stake in Federated Hermes, Inc. $FHI

Capital Fund Management S.A. grew its holdings in Federated Hermes, Inc. (NYSE:FHI) by 143.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,352 shares of the company’s stock after acquiring an additional 23,786 shares during the quarter. Capital Fund Management S.A.’s holdings in Federated Hermes were worth $1,788,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FHI. AdvisorNet Financial Inc acquired a new position in shares of Federated Hermes in the 2nd quarter valued at approximately $44,000. Elevation Point Wealth Partners LLC bought a new position in Federated Hermes in the second quarter valued at approximately $46,000. Northwestern Mutual Wealth Management Co. lifted its stake in Federated Hermes by 22.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company’s stock valued at $63,000 after buying an additional 287 shares in the last quarter. Virtus Advisers LLC acquired a new position in shares of Federated Hermes in the first quarter valued at approximately $72,000. Finally, GAMMA Investing LLC increased its position in shares of Federated Hermes by 21.3% during the second quarter. GAMMA Investing LLC now owns 2,283 shares of the company’s stock worth $101,000 after acquiring an additional 401 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Insiders Place Their Bets

In other Federated Hermes news, VP Dolores D. Dudiak sold 999 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total transaction of $47,822.13. Following the sale, the vice president directly owned 88,223 shares of the company’s stock, valued at approximately $4,223,235.01. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 4,461 shares of Federated Hermes stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $213,458.85. Following the completion of the transaction, the chief executive officer directly owned 161,578 shares of the company’s stock, valued at approximately $7,731,507.30. This trade represents a 2.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 21,709 shares of company stock valued at $1,049,146. 3.80% of the stock is currently owned by corporate insiders.

Federated Hermes Price Performance

NYSE:FHI opened at $50.60 on Thursday. Federated Hermes, Inc. has a 52-week low of $35.05 and a 52-week high of $54.42. The company has a market cap of $3.92 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.53 and a beta of 0.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.58 and a current ratio of 3.13. The stock’s 50-day simple moving average is $50.22 and its 200 day simple moving average is $48.73.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.23. The firm had revenue of $469.45 million during the quarter, compared to the consensus estimate of $442.67 million. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%.The business’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. As a group, sell-side analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, November 7th. Federated Hermes’s payout ratio is presently 28.39%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Federated Hermes from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. boosted their price target on Federated Hermes from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Cowen reiterated a “hold” rating on shares of Federated Hermes in a report on Tuesday, November 4th. TD Cowen lifted their target price on Federated Hermes from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada boosted their target price on Federated Hermes from $45.00 to $51.00 and gave the company a “sector perform” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Federated Hermes presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.67.

About Federated Hermes

Federated Hermes, Inc is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.