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

SG Americas Securities LLC trimmed its holdings in Federated Hermes, Inc. (NYSE:FHI) by 47.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,391 shares of the company’s stock after selling 10,222 shares during the quarter. SG Americas Securities LLC’s holdings in Federated Hermes were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. AdvisorNet Financial Inc bought a new position in shares of Federated Hermes during the second quarter valued at approximately $44,000. Farther Finance Advisors LLC increased its position in Federated Hermes by 97.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $45,000 after buying an additional 430 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Federated Hermes during the second quarter valued at $46,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Federated Hermes in the second quarter worth $56,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Federated Hermes by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,567 shares of the company’s stock worth $69,000 after acquiring an additional 679 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Stock Performance

Shares of FHI stock opened at $54.65 on Friday. The company has a quick ratio of 2.58, a current ratio of 3.13 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $51.79 and a 200-day moving average price of $51.16. Federated Hermes, Inc. has a 52 week low of $35.05 and a 52 week high of $55.13. The firm has a market capitalization of $4.24 billion, a PE ratio of 11.41, a P/E/G ratio of 0.56 and a beta of 0.75.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, October 30th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.23. Federated Hermes had a net margin of 21.86% and a return on equity of 33.03%. The company had revenue of $469.45 million for the quarter, compared to analysts’ expectations of $442.67 million. During the same quarter last year, the company posted $1.06 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.36 annualized dividend and a dividend yield of 2.5%. Federated Hermes’s payout ratio is presently 28.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FHI shares. Wall Street Zen raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th. Zacks Research cut shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. TD Cowen reiterated a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on Federated Hermes from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $51.20.

Insider Activity at Federated Hermes

In other Federated Hermes news, insider Richard A. Novak sold 1,249 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $47.85, for a total value of $59,764.65. Following the transaction, the insider directly owned 57,500 shares of the company’s stock, valued at approximately $2,751,375. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Dolores D. Dudiak sold 999 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total value of $47,822.13. Following the sale, the vice president owned 88,223 shares of the company’s stock, valued at approximately $4,223,235.01. This represents a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 21,709 shares of company stock worth $1,049,146. 3.80% of the stock is owned by insiders.

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.