RFG Advisory LLC Acquires New Shares in Federated Hermes, Inc. $FHI

RFG Advisory LLC bought a new stake in shares of Federated Hermes, Inc. (NYSE:FHI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,268 shares of the company’s stock, valued at approximately $979,000.

A number of other large investors have also recently made changes to their positions in FHI. Andina Capital Management LLC purchased a new position in shares of Federated Hermes in the first quarter valued at $569,000. AdvisorNet Financial Inc raised its stake in shares of Federated Hermes by 38.4% during the 1st quarter. AdvisorNet Financial Inc now owns 1,563 shares of the company’s stock valued at $89,000 after purchasing an additional 434 shares during the period. SG Americas Securities LLC lifted its holdings in Federated Hermes by 27.6% during the 1st quarter. SG Americas Securities LLC now owns 73,964 shares of the company’s stock worth $4,194,000 after purchasing an additional 16,012 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Federated Hermes by 255.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 144,671 shares of the company’s stock worth $8,204,000 after purchasing an additional 104,017 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in Federated Hermes by 18.1% in the 1st quarter. Diversified Trust Co now owns 11,144 shares of the company’s stock worth $632,000 after purchasing an additional 1,704 shares during the period. 75.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Federated Hermes news, VP Bryan M. Burke sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.20, for a total transaction of $216,800.00. Following the sale, the vice president owned 74,921 shares in the company, valued at $4,060,718.20. This trade represents a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of Federated Hermes stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $57.34, for a total value of $513,193.00. Following the sale, the chief executive officer directly owned 151,276 shares of the company’s stock, valued at approximately $8,674,165.84. This trade represents a 5.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is owned by corporate insiders.

Federated Hermes Stock Down 0.0%

FHI stock opened at $57.50 on Monday. The company’s 50 day moving average is $56.55 and its 200 day moving average is $55.34. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 2.05 and a beta of 0.65. The company has a current ratio of 3.28, a quick ratio of 2.73 and a debt-to-equity ratio of 0.29. Federated Hermes, Inc. has a 1-year low of $43.90 and a 1-year high of $60.17.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.07. The business had revenue of $478.96 million during the quarter, compared to analyst estimates of $475.22 million. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. Federated Hermes’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 earnings per share. Sell-side analysts predict that Federated Hermes, Inc. will post 5.12 EPS for the current fiscal 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 given a $0.38 dividend. This represents a $1.52 annualized dividend 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 presently 29.46%.

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.