Federated Hermes, Inc. $FHI Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 13.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,785 shares of the company’s stock after purchasing an additional 7,941 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Federated Hermes worth $3,899,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FHI. Schneider Downs Wealth Management Advisors LP boosted its position in Federated Hermes by 3,229.0% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,657,263 shares of the company’s stock valued at $137,992,000 after purchasing an additional 2,577,442 shares during the period. Invesco Ltd. increased its position in Federated Hermes by 29.6% in 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. Victory Capital Management Inc. increased its position in Federated Hermes by 78.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,394,622 shares of the company’s stock worth $72,618,000 after buying an additional 615,130 shares during the period. AQR Capital Management LLC lifted its stake in Federated Hermes by 20.1% in the second quarter. AQR Capital Management LLC now owns 2,978,885 shares of the company’s stock valued at $132,024,000 after buying an additional 498,202 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Federated Hermes by 20.4% during the fourth quarter. LSV Asset Management now owns 2,890,276 shares of the company’s stock valued at $150,497,000 after acquiring an additional 489,275 shares during the period. Institutional investors own 75.94% of the company’s stock.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 8,950 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $57.34, for a total value of $513,193.00. Following the completion of the transaction, the chief executive officer directly owned 151,276 shares in the company, valued at $8,674,165.84. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FHI. 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 research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $58.00 price objective on shares of Federated Hermes in a research report on Monday. Weiss Ratings raised shares of Federated Hermes from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, July 31st. Royal Bank Of Canada upped their target price on shares of Federated Hermes from $54.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 2nd. Finally, Evercore restated an “outperform” rating and issued a $59.00 price target on shares of Federated Hermes in a research note on Monday, June 8th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $56.20.

Federated Hermes Trading Down 1.2%

NYSE:FHI opened at $63.32 on Friday. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.50 and a beta of 0.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.73 and a current ratio of 2.59. Federated Hermes, Inc. has a 1 year low of $46.66 and a 1 year high of $67.20. The business has a fifty day moving average of $58.43 and a 200-day moving average of $56.60.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.19. The business had revenue of $502.78 million during the quarter, compared to the consensus estimate of $488.34 million. Federated Hermes had a net margin of 21.30% and a return on equity of 34.03%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. Equities analysts predict that Federated Hermes, Inc. will post 5.43 earnings per share for the current year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 7th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 7th. Federated Hermes’s dividend payout ratio is currently 28.25%.

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.