Federated Hermes, Inc. $FHI Stake Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 34.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 337,326 shares of the company’s stock after acquiring an additional 86,658 shares during the period. Janney Montgomery Scott LLC’s holdings in Federated Hermes were worth $19,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FHI. Torren Management LLC bought a new stake in Federated Hermes during the 4th quarter valued at $25,000. MAI Capital Management grew its stake in shares of Federated Hermes by 86.7% in the third quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after purchasing an additional 221 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Federated Hermes by 119.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company’s stock valued at $38,000 after purchasing an additional 401 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Federated Hermes by 145.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 848 shares of the company’s stock valued at $44,000 after purchasing an additional 503 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Federated Hermes by 220.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 863 shares of the company’s stock valued at $45,000 after purchasing an additional 594 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on FHI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a report on Tuesday, April 21st. Royal Bank Of Canada lowered 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 note on Wednesday, May 6th. Evercore reaffirmed an “outperform” rating and issued a $59.00 price target on shares of Federated Hermes in a research note on Monday, June 8th. TD Cowen decreased their price objective on shares of Federated Hermes from $58.00 to $54.00 and set a “hold” rating for the company in a report on Monday, May 4th. Finally, Wall Street Zen cut shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.00.

Federated Hermes Trading Down 2.0%

Shares of Federated Hermes stock opened at $55.32 on Wednesday. The business has a fifty day simple moving average of $56.51 and a 200-day simple moving average of $55.41. Federated Hermes, Inc. has a fifty-two week low of $44.18 and a fifty-two week high of $60.17. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 2.01 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.

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

Federated Hermes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, May 8th. This is an increase from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s payout ratio is presently 29.46%.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP Bryan M. Burke sold 4,000 shares of Federated Hermes stock in a transaction that occurred 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 transaction, the vice president owned 74,921 shares in the company, valued at approximately $4,060,718.20. The trade was a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of Federated Hermes stock in a transaction that occurred 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 owned 151,276 shares in the company, valued at approximately $8,674,165.84. This trade represents a 5.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is owned by corporate insiders.

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.