Andina Capital Management LLC Takes $569,000 Position in Federated Hermes, Inc. $FHI

Andina Capital Management LLC acquired a new position in Federated Hermes, Inc. (NYSE:FHI) during the 1st quarter, Holdings Channel reports. The firm acquired 10,040 shares of the company’s stock, valued at approximately $569,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Burney Co. lifted its position in Federated Hermes by 61.8% during the fourth quarter. Burney Co. now owns 218,661 shares of the company’s stock valued at $11,386,000 after purchasing an additional 83,529 shares in the last quarter. LSV Asset Management increased its position in Federated Hermes by 20.4% in the fourth quarter. LSV Asset Management now owns 2,890,276 shares of the company’s stock worth $150,497,000 after buying an additional 489,275 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Federated Hermes by 36.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 116,278 shares of the company’s stock worth $6,055,000 after buying an additional 31,240 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Federated Hermes during the 3rd quarter valued at about $6,279,000. Finally, TD Asset Management Inc lifted its position in shares of Federated Hermes by 411.1% during the 3rd quarter. TD Asset Management Inc now owns 55,200 shares of the company’s stock valued at $2,867,000 after buying an additional 44,400 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FHI. JPMorgan Chase & Co. cut their price objective on 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 lowered their price target 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. Wall Street Zen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada reduced their price objective on shares of Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a research report on Tuesday, April 21st. Two investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $55.00.

Federated Hermes Stock Performance

NYSE:FHI opened at $59.34 on Wednesday. The stock has a 50-day moving average price of $56.60 and a 200 day moving average price of $55.21. The stock has a market capitalization of $4.50 billion, a P/E ratio of 11.50, a P/E/G ratio of 2.15 and a beta of 0.65. Federated Hermes, Inc. has a 12-month low of $43.09 and a 12-month high of $60.17. 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 (NYSE:FHI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.The company had revenue of $478.96 million for the quarter, compared to analysts’ expectations of $475.22 million. During the same period in the previous year, the firm earned $1.25 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts forecast that Federated Hermes, Inc. will post 5.1 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. Stockholders of record on Friday, May 8th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.6%. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, May 8th. Federated Hermes’s payout ratio is presently 29.46%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, VP Bryan M. Burke sold 4,000 shares of Federated Hermes stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $54.20, for a total value of $216,800.00. Following the sale, the vice president directly owned 74,921 shares in the company, valued at approximately $4,060,718.20. The trade was a 5.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the chief executive officer 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 currently owned by insiders.

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.