Elo Mutual Pension Insurance Co Raises Stock Holdings in Federated Hermes, Inc. $FHI

Elo Mutual Pension Insurance Co increased its stake in Federated Hermes, Inc. (NYSE:FHI) by 32.7% during the 3rd quarter, Holdings Channel reports. The firm owned 41,040 shares of the company’s stock after purchasing an additional 10,115 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Federated Hermes were worth $2,131,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC grew its stake in Federated Hermes by 20.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,978,885 shares of the company’s stock worth $132,024,000 after buying an additional 498,202 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Federated Hermes by 22.1% during the 3rd quarter. LSV Asset Management now owns 2,401,001 shares of the company’s stock worth $124,684,000 after acquiring an additional 434,859 shares during the last quarter. Allianz Asset Management GmbH grew its position in Federated Hermes by 19.9% in the third quarter. Allianz Asset Management GmbH now owns 1,008,221 shares of the company’s stock worth $52,357,000 after acquiring an additional 167,225 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Federated Hermes by 21.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 852,594 shares of the company’s stock valued at $37,787,000 after acquiring an additional 152,134 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Federated Hermes by 405.3% during the second quarter. Qube Research & Technologies Ltd now owns 607,504 shares of the company’s stock valued at $26,925,000 after purchasing an additional 487,281 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FHI has been the subject of a number of research reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $55.00 price objective (up from $54.00) on shares of Federated Hermes in a report on Tuesday, February 3rd. Argus raised Federated Hermes to a “hold” rating in a research note on Monday, February 2nd. Wall Street Zen downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. TD Cowen restated a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th. Finally, Zacks Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.00.

Federated Hermes Trading Up 1.3%

NYSE FHI opened at $57.18 on Thursday. The stock has a market cap of $4.43 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 0.55 and a beta of 0.73. Federated Hermes, Inc. has a fifty-two week low of $35.05 and a fifty-two week high of $57.33. The stock has a 50 day simple moving average of $53.97 and a two-hundred day simple moving average of $52.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.58 and a current ratio of 2.75.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, January 29th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The firm had revenue of $482.83 million for the quarter, compared to analysts’ expectations of $468.45 million. During the same period in the previous year, the firm earned $1.04 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. On average, analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were issued a $0.34 dividend. The ex-dividend date was Friday, February 6th. This represents a $1.36 annualized dividend and a yield of 2.4%. Federated Hermes’s dividend payout ratio is 26.46%.

About Federated Hermes

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.