Federated Hermes, Inc. $FHI Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 16.7% in the 4th quarter, HoldingsChannel reports. The fund owned 95,647 shares of the company’s stock after buying an additional 13,686 shares during the quarter. Corient Private Wealth LLC’s holdings in Federated Hermes were worth $4,980,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FHI. Schneider Downs Wealth Management Advisors LP lifted its stake in Federated Hermes by 3,229.0% during the third quarter. Schneider Downs Wealth Management Advisors LP now owns 2,657,263 shares of the company’s stock worth $137,992,000 after purchasing an additional 2,577,442 shares during the last quarter. Victory Capital Management Inc. grew its stake in Federated Hermes by 2,410.2% during the 3rd quarter. Victory Capital Management Inc. now owns 779,492 shares of the company’s stock worth $40,479,000 after buying an additional 748,439 shares during the last quarter. Invesco Ltd. increased its position in Federated Hermes by 29.6% during the third quarter. Invesco Ltd. now owns 2,939,908 shares of the company’s stock worth $152,669,000 after buying an additional 670,643 shares during the period. AQR Capital Management LLC increased its position in Federated Hermes by 20.1% during the second quarter. AQR Capital Management LLC now owns 2,978,885 shares of the company’s stock worth $132,024,000 after buying an additional 498,202 shares during the period. Finally, LSV Asset Management lifted its stake in Federated Hermes by 20.4% in the fourth quarter. LSV Asset Management now owns 2,890,276 shares of the company’s stock valued at $150,497,000 after buying an additional 489,275 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FHI shares. Royal Bank Of Canada decreased their price objective on Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating for the company in a research note on Monday, May 4th. Evercore reissued an “outperform” rating and set a $59.00 price objective on shares of Federated Hermes in a research report on Monday, June 8th. Finally, Wall Street Zen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a research note 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.00.

Insider Activity

In other Federated Hermes news, VP Bryan M. Burke sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.20, for a total transaction of $216,800.00. Following the transaction, the vice president directly owned 74,921 shares in the company, valued at approximately $4,060,718.20. This represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the 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 transaction, the chief executive officer directly owned 151,276 shares of the company’s stock, valued at approximately $8,674,165.84. This trade represents a 5.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.20% of the company’s stock.

Federated Hermes Price Performance

Federated Hermes stock opened at $57.50 on Friday. The company has a market cap of $4.37 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 2.01 and a beta of 0.65. Federated Hermes, Inc. has a one year low of $43.90 and a one year high of $60.17. The business has a fifty day moving average of $56.55 and a two-hundred day moving average of $55.30. 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 (NYSE:FHI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The business had revenue of $478.96 million for the quarter, compared to analysts’ expectations of $475.22 million. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. As a group, analysts predict that Federated Hermes, Inc. will post 5.1 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently disclosed 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 is an increase from Federated Hermes’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, May 8th. Federated Hermes’s payout ratio is presently 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.