UBS Group AG Increases Stock Position in Federated Hermes, Inc. $FHI

UBS Group AG boosted its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 984,054 shares of the company’s stock after purchasing an additional 74,438 shares during the period. UBS Group AG’s holdings in Federated Hermes were worth $51,240,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FHI. 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 buying an additional 221 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Federated Hermes by 97.7% in the third quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $45,000 after acquiring an additional 430 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Federated Hermes in the second quarter valued at approximately $56,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Federated Hermes in the third quarter valued at approximately $75,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Federated Hermes by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,567 shares of the company’s stock valued at $69,000 after acquiring an additional 679 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

FHI has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research note on Monday. Argus upgraded shares of Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a research report on Tuesday, April 21st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $56.00 target price on shares of Federated Hermes in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Federated Hermes currently has an average rating of “Hold” and a consensus target price of $54.50.

Insider Buying and Selling

In other Federated Hermes news, VP Paul A. Uhlman sold 72,392 shares of Federated Hermes stock in a transaction dated Thursday, March 12th. The shares were 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 of the company’s stock, valued at $14,843,989.01. The trade was a 21.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is owned by company insiders.

Federated Hermes Trading Up 2.0%

FHI opened at $55.10 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.28 and a quick ratio of 2.30. The company’s 50 day simple moving average is $56.62 and its two-hundred day simple moving average is $53.48. Federated Hermes, Inc. has a 1-year low of $41.04 and a 1-year high of $59.05. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.89 and a beta of 0.67.

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 analysts’ consensus estimates of $1.20 by $0.07. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The business had revenue of $478.96 million for the quarter, compared to analyst estimates of $475.22 million. During the same period last year, the company posted $1.25 EPS. The business’s revenue was up 13.1% on a year-over-year basis. Analysts expect that Federated Hermes, Inc. will post 5.07 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.8%. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, May 8th. Federated Hermes’s payout ratio is presently 26.36%.

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.