Danske Bank A S Sells 22,298 Shares of Federated Hermes, Inc. $FHI

Danske Bank A S decreased its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 93.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,600 shares of the company’s stock after selling 22,298 shares during the period. Danske Bank A S’s holdings in Federated Hermes were worth $83,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D grew its position in Federated Hermes by 10.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 44,600 shares of the company’s stock valued at $2,322,000 after purchasing an additional 4,231 shares in the last quarter. Keybank National Association OH bought a new position in Federated Hermes in the fourth quarter valued at $391,000. Vest Financial LLC grew its position in Federated Hermes by 11.4% in the fourth quarter. Vest Financial LLC now owns 29,956 shares of the company’s stock valued at $1,560,000 after purchasing an additional 3,057 shares in the last quarter. Cadence Bank grew its position in Federated Hermes by 0.3% in the fourth quarter. Cadence Bank now owns 128,345 shares of the company’s stock valued at $6,683,000 after purchasing an additional 323 shares in the last quarter. Finally, Torren Management LLC bought a new position in Federated Hermes in the fourth quarter valued at $25,000. Institutional investors own 75.94% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on FHI shares. Wall Street Zen downgraded shares of Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Argus raised shares of Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research report on Tuesday, April 21st. TD Cowen decreased their target price 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. Finally, JPMorgan Chase & Co. decreased 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. Two equities 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 company’s stock. Based on data from MarketBeat.com, Federated Hermes presently has an average rating of “Hold” and a consensus target price of $54.00.

Federated Hermes Stock Performance

Shares of FHI opened at $54.33 on Friday. The company has a market cap of $4.13 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 2.18 and a beta of 0.67. 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 firm has a 50-day moving average of $56.62 and a 200-day moving average of $53.53. Federated Hermes, Inc. has a one year low of $41.55 and a one year high of $59.05.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07. The business had revenue of $478.96 million during the quarter, compared to the consensus estimate of $475.22 million. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. Federated Hermes’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS. As a group, equities analysts forecast that Federated Hermes, Inc. will post 5.08 earnings per share for the current year.

Federated Hermes Increases Dividend

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

Insider Activity at Federated Hermes

In related 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 completion of the sale, the vice president owned 263,987 shares of the company’s stock, valued at approximately $14,843,989.01. The trade was a 21.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

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.