Federated Hermes, Inc. (FHI) to Issue Quarterly Dividend of $0.38 on August 14th

Federated Hermes, Inc. (NYSE:FHI) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, August 7th will be given a dividend of 0.38 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 7th.

Federated Hermes has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Federated Hermes has a dividend payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Federated Hermes to earn $5.81 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 26.2%.

Federated Hermes Trading Up 1.5%

Shares of FHI stock opened at $64.88 on Wednesday. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 1.67 and a beta of 0.65. The stock has a 50-day moving average of $58.12 and a 200-day moving average of $56.46. The company has a current ratio of 2.59, a quick ratio of 2.73 and a debt-to-equity ratio of 0.28. Federated Hermes has a 1-year low of $46.66 and a 1-year high of $64.99.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.19. Federated Hermes had a return on equity of 34.03% and a net margin of 21.30%.The company had revenue of $502.78 million during the quarter, compared to the consensus estimate of $488.34 million. During the same period last year, the company earned $1.16 earnings per share. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts forecast that Federated Hermes will post 5.44 earnings per share for the current year.

Insider Transactions at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 8,950 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were 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. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $216,800.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Federated Hermes

Several hedge funds have recently bought and sold shares of FHI. Jones Financial Companies Lllp grew its position in Federated Hermes by 236.0% during the first quarter. Jones Financial Companies Lllp now owns 8,890 shares of the company’s stock worth $362,000 after buying an additional 6,244 shares in the last quarter. United Services Automobile Association purchased a new stake in Federated Hermes in the first quarter worth approximately $220,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Federated Hermes by 11.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,613 shares of the company’s stock valued at $9,769,000 after purchasing an additional 24,960 shares in the last quarter. American Century Companies Inc. boosted its position in Federated Hermes by 1.9% during the second quarter. American Century Companies Inc. now owns 33,246 shares of the company’s stock valued at $1,474,000 after buying an additional 614 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Federated Hermes by 4.9% in the second quarter. Prudential Financial Inc. now owns 11,744 shares of the company’s stock worth $497,000 after buying an additional 547 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.