Continental Advisors LLC Reduces Holdings in Federated Hermes, Inc. $FHI

Continental Advisors LLC reduced its stake in Federated Hermes, Inc. (NYSE:FHI) by 29.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,359 shares of the company’s stock after selling 51,500 shares during the period. Federated Hermes comprises 2.8% of Continental Advisors LLC’s investment portfolio, making the stock its 11th largest position. Continental Advisors LLC owned 0.16% of Federated Hermes worth $6,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in shares of Federated Hermes by 97.7% in the third quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $45,000 after purchasing an additional 430 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Federated Hermes during the 2nd quarter valued at $46,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Federated Hermes in the 2nd quarter worth $56,000. EverSource Wealth Advisors LLC increased its position in shares of Federated Hermes by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,567 shares of the company’s stock valued at $69,000 after acquiring an additional 679 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Federated Hermes in the second quarter valued at about $76,000. Institutional investors own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FHI. Wall Street Zen raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 10th. TD Cowen reiterated a “hold” rating on shares of Federated Hermes in a research report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price target on Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.20.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 15,000 shares of Federated Hermes stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $48.54, for a total transaction of $728,100.00. Following the completion of the transaction, the chief executive officer directly owned 157,039 shares in the company, valued at approximately $7,622,673.06. This trade represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dolores D. Dudiak sold 999 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $47.87, for a total value of $47,822.13. Following the completion of the sale, the vice president owned 88,223 shares in the company, valued at $4,223,235.01. The trade was a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 21,709 shares of company stock valued at $1,049,146. Corporate insiders own 3.80% of the company’s stock.

Federated Hermes Price Performance

Shares of FHI stock opened at $53.07 on Friday. The business’s fifty day moving average is $52.28 and its 200 day moving average is $51.41. The company has a quick ratio of 2.58, a current ratio of 3.13 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.55 and a beta of 0.75. Federated Hermes, Inc. has a twelve month low of $35.05 and a twelve month high of $55.13.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $482.83 million for the quarter, compared to analysts’ expectations of $468.45 million. Federated Hermes had a net margin of 21.86% and a return on equity of 33.03%. Research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, February 6th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, February 6th. Federated Hermes’s dividend payout ratio is 28.39%.

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.