Brandywine Global Investment Management LLC Has $9.24 Million Stock Holdings in Federated Hermes, Inc. $FHI

Brandywine Global Investment Management LLC boosted its holdings in Federated Hermes, Inc. (NYSE:FHI) by 19.4% in the fourth quarter, HoldingsChannel reports. The firm owned 177,533 shares of the company’s stock after purchasing an additional 28,854 shares during the period. Brandywine Global Investment Management LLC’s holdings in Federated Hermes were worth $9,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FHI. GAMMA Investing LLC grew 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 worth $142,000 after buying an additional 210 shares during the period. MAI Capital Management lifted its position in shares of Federated Hermes by 86.7% during the 3rd quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $25,000 after acquiring an additional 221 shares during the period. RiverFront Investment Group LLC boosted its stake in Federated Hermes by 4.7% during the fourth quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock worth $299,000 after acquiring an additional 256 shares in the last quarter. Cadence Bank boosted its stake in Federated Hermes by 0.3% during the fourth quarter. Cadence Bank now owns 128,345 shares of the company’s stock worth $6,683,000 after acquiring an additional 323 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings in Federated Hermes by 0.3% in the third quarter. Cibc World Market Inc. now owns 115,930 shares of the company’s stock worth $6,020,000 after purchasing an additional 331 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $57.61 on Wednesday. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 2.04 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.28. Federated Hermes, Inc. has a fifty-two week low of $41.71 and a fifty-two week high of $59.05. The firm’s 50-day simple moving average is $56.26 and its 200 day simple moving average is $54.56.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The firm had revenue of $478.96 million during the quarter, compared to analyst estimates of $475.22 million. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. As a group, research analysts anticipate that Federated Hermes, Inc. will post 5.1 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.6%. This is an increase from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. Federated Hermes’s dividend payout ratio is currently 29.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a report on Monday, May 4th. Royal Bank Of Canada reduced their target price on 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. Evercore reaffirmed an “outperform” rating and issued a $59.00 target price on shares of Federated Hermes in a research report on Monday. Wall Street Zen downgraded Federated Hermes from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Federated Hermes presently has a consensus rating of “Hold” and an average target price of $55.00.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 72,392 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $56.23, for a total transaction of $4,070,602.16. Following the transaction, the vice president directly owned 263,987 shares in the company, valued at approximately $14,843,989.01. This trade represents a 21.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of Federated Hermes 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 transaction, the chief executive officer directly owned 151,276 shares in the company, valued at $8,674,165.84. This represents a 5.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 85,342 shares of company stock valued at $4,800,595. 4.20% 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.