SG Americas Securities LLC Raises Holdings in Federated Hermes, Inc. $FHI

SG Americas Securities LLC lifted its position in Federated Hermes, Inc. (NYSE:FHI) by 27.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,964 shares of the company’s stock after purchasing an additional 16,012 shares during the quarter. SG Americas Securities LLC owned about 0.10% of Federated Hermes worth $4,194,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FHI. Rockefeller Capital Management L.P. grew its holdings in Federated Hermes by 24.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock valued at $52,000 after buying an additional 194 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Federated Hermes by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock worth $142,000 after acquiring an additional 210 shares in the last quarter. MAI Capital Management raised its holdings in shares of Federated Hermes by 86.7% during the 3rd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after acquiring an additional 221 shares in the last quarter. RiverFront Investment Group LLC boosted its position in shares of Federated Hermes by 4.7% during the 4th quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock valued at $299,000 after acquiring an additional 256 shares during the last quarter. Finally, Advyzon Investment Management LLC boosted its position in shares of Federated Hermes by 6.0% during the 4th quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock valued at $239,000 after acquiring an additional 259 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Bryan M. Burke sold 4,000 shares of Federated Hermes stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.20, for a total transaction of $216,800.00. Following the completion of the transaction, the vice president directly owned 74,921 shares of the company’s stock, valued at approximately $4,060,718.20. The trade was a 5.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 151,276 shares in the company, valued at $8,674,165.84. This trade represents a 5.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.20% of the stock is currently owned by company insiders.

Federated Hermes Stock Performance

NYSE:FHI opened at $56.41 on Tuesday. The stock’s fifty day moving average is $56.54 and its 200 day moving average is $55.38. Federated Hermes, Inc. has a fifty-two week low of $44.02 and a fifty-two week high of $60.17. The firm has a market capitalization of $4.28 billion, a PE ratio of 10.93, a PEG ratio of 2.05 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.28.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The company had revenue of $478.96 million during the quarter, compared to the consensus estimate of $475.22 million. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.Federated Hermes’s revenue was up 13.1% on a year-over-year basis. During the same period last year, the company earned $1.25 earnings per share. On average, sell-side analysts anticipate that Federated Hermes, Inc. will post 5.12 earnings per share for the current year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were issued a $0.38 dividend. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. This represents a $1.52 annualized dividend and a dividend yield of 2.7%. Federated Hermes’s dividend payout ratio (DPR) is 29.46%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Evercore restated an “outperform” rating and issued a $59.00 price target on shares of Federated Hermes in a research report on Monday, June 8th. JPMorgan Chase & Co. dropped 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. Wall Street Zen downgraded shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Royal Bank Of Canada decreased their target price on shares of Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.00.

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.