Corient Private Wealth LLC Purchases 13,686 Shares of Federated Hermes, Inc. $FHI

Corient Private Wealth LLC raised its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,647 shares of the company’s stock after purchasing an additional 13,686 shares during the period. Corient Private Wealth LLC owned 0.12% of Federated Hermes worth $4,980,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MAI Capital Management increased its holdings in shares of Federated Hermes by 86.7% in the third quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $25,000 after purchasing an additional 221 shares during the period. Torren Management LLC purchased a new stake in Federated Hermes in the fourth quarter valued at $25,000. CIBC Private Wealth Group LLC boosted its holdings in Federated Hermes by 119.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company’s stock valued at $38,000 after purchasing an additional 401 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Federated Hermes by 145.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 848 shares of the company’s stock worth $44,000 after purchasing an additional 503 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Federated Hermes by 220.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 863 shares of the company’s stock valued at $45,000 after buying an additional 594 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 8,950 shares of the business’s stock in a transaction 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Bryan M. Burke sold 4,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.20, for a total value of $216,800.00. Following the completion of the sale, the vice president directly owned 74,921 shares in the company, valued at $4,060,718.20. This represents a 5.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.20% of the company’s stock.

Federated Hermes Stock Performance

NYSE FHI opened at $57.50 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.28 and a quick ratio of 2.73. The company has a market cap of $4.37 billion, a P/E ratio of 11.14, a P/E/G ratio of 2.01 and a beta of 0.65. The stock has a 50-day moving average of $56.55 and a two-hundred day moving average of $55.30. Federated Hermes, Inc. has a 1-year low of $43.90 and a 1-year high of $60.17.

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

Federated Hermes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.6%. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. Federated Hermes’s dividend payout ratio (DPR) is 29.46%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FHI. TD Cowen lowered their target price on Federated Hermes from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. JPMorgan Chase & Co. dropped their price objective on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a report on Tuesday, April 21st. Wall Street Zen cut shares of Federated Hermes from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Evercore reissued an “outperform” rating and set a $59.00 price target on shares of Federated Hermes in a report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.00.

Federated Hermes Company 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.