Federated Hermes, Inc. $FHI Shares Purchased by DGS Capital Management LLC

DGS Capital Management LLC boosted its stake in Federated Hermes, Inc. (NYSE:FHI) by 24.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,207 shares of the company’s stock after buying an additional 12,562 shares during the quarter. Federated Hermes makes up about 0.6% of DGS Capital Management LLC’s holdings, making the stock its 22nd biggest position. DGS Capital Management LLC owned about 0.08% of Federated Hermes worth $3,343,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of Federated Hermes in the fourth quarter worth $212,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Federated Hermes by 18.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,970 shares of the company’s stock valued at $467,000 after acquiring an additional 1,367 shares in the last quarter. Vident Advisory LLC boosted its stake in shares of Federated Hermes by 1.9% during the fourth quarter. Vident Advisory LLC now owns 76,062 shares of the company’s stock valued at $3,961,000 after acquiring an additional 1,395 shares during the last quarter. State of Tennessee Department of Treasury boosted its stake in shares of Federated Hermes by 7.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 42,683 shares of the company’s stock valued at $2,274,000 after acquiring an additional 2,995 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in Federated Hermes during the 4th quarter worth about $328,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

FHI has been the subject of several analyst reports. Evercore reissued an “outperform” rating and issued a $59.00 target price on shares of Federated Hermes in a research note on Monday, June 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research note on Tuesday, April 21st. TD Cowen lowered their price target 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. JPMorgan Chase & Co. cut their price objective on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. Finally, 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 on the stock in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $55.00.

Insider Activity

In related news, VP Bryan M. Burke sold 4,000 shares of the business’s 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the company’s 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 transaction, the chief executive officer directly owned 151,276 shares of the company’s stock, valued at $8,674,165.84. This trade represents a 5.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.20% of the company’s stock.

Federated Hermes Stock Performance

Federated Hermes stock opened at $59.20 on Friday. The firm has a market capitalization of $4.49 billion, a P/E ratio of 11.47, a PEG ratio of 2.12 and a beta of 0.65. The stock has a fifty day moving average price of $56.42 and a 200 day moving average price of $55.01. Federated Hermes, Inc. has a 52 week low of $41.96 and a 52 week high of $59.83. 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 released its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.07. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.The firm had revenue of $478.96 million for the quarter, compared to the consensus estimate of $475.22 million. During the same period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. Equities research analysts anticipate that Federated Hermes, Inc. will post 5.1 earnings per share for the current year.

Federated Hermes Increases Dividend

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

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.