Hsbc Holdings PLC Decreases Stake in Federated Hermes, Inc. $FHI

Hsbc Holdings PLC cut its holdings in Federated Hermes, Inc. (NYSE:FHI) by 26.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 23,325 shares of the company’s stock after selling 8,473 shares during the period. Hsbc Holdings PLC’s holdings in Federated Hermes were worth $1,221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of FHI. Rockefeller Capital Management L.P. boosted its position in Federated Hermes by 24.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock worth $52,000 after purchasing an additional 194 shares during the last quarter. GAMMA Investing LLC increased its position 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 valued at $142,000 after purchasing an additional 210 shares during the last quarter. RiverFront Investment Group LLC increased 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 purchasing an additional 256 shares during the last quarter. Advyzon Investment Management LLC raised its stake 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 worth $239,000 after purchasing an additional 259 shares during the period. Finally, Cadence Bank raised its stake in shares of Federated Hermes by 0.3% during the 4th quarter. Cadence Bank now owns 128,345 shares of the company’s stock worth $6,683,000 after purchasing an additional 323 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Bryan M. Burke sold 4,000 shares of the business’s stock in a transaction on 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 in the company, valued at $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 available at this link. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the company’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 in the company, valued at approximately $8,674,165.84. The trade was a 5.59% decrease in their position. The SEC filing for this sale provides additional information. 4.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FHI. Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a research report on Tuesday, April 21st. Evercore reaffirmed an “outperform” rating and issued a $59.00 price objective on shares of Federated Hermes in a research report on Monday, June 8th. JPMorgan Chase & Co. dropped their target price 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. Royal Bank Of Canada increased their target price on shares of Federated Hermes from $54.00 to $57.00 and gave the company a “sector perform” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.75.

Federated Hermes Trading Down 0.0%

Shares of FHI opened at $59.53 on Monday. Federated Hermes, Inc. has a twelve month low of $45.30 and a twelve month high of $60.77. The stock has a market cap of $4.52 billion, a PE ratio of 11.54, a P/E/G ratio of 2.11 and a beta of 0.65. The company has a quick ratio of 2.73, a current ratio of 3.28 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $56.65 and its 200-day moving average price is $55.68.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. The company 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 was up 13.1% compared to the same quarter last year. During the same period last year, the business earned $1.25 earnings per share. On average, equities analysts forecast that Federated Hermes, Inc. will post 5.14 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s payout ratio is 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.