Sequoia Financial Advisors LLC Buys 9,488 Shares of Federated Hermes, Inc. $FHI

Sequoia Financial Advisors LLC grew its stake in Federated Hermes, Inc. (NYSE:FHI) by 37.2% during the 4th quarter, HoldingsChannel reports. The fund owned 35,013 shares of the company’s stock after purchasing an additional 9,488 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Federated Hermes were worth $1,823,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Torren Management LLC bought a new position in shares of Federated Hermes in the fourth quarter worth approximately $25,000. MAI Capital Management lifted its stake in shares of Federated Hermes by 86.7% in the third quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after buying an additional 221 shares in the last quarter. Farther Finance Advisors LLC lifted its stake 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 worth $45,000 after buying an additional 430 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Federated Hermes in the second quarter worth approximately $56,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Federated Hermes in the third quarter worth approximately $75,000. 75.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Paul A. Uhlman sold 72,392 shares of the stock in a transaction that occurred on 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 owned 263,987 shares in the company, valued at $14,843,989.01. This represents 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 available at the SEC website. Also, VP Bryan M. Burke sold 4,000 shares of the stock in a transaction dated 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is owned by corporate insiders.

Federated Hermes Stock Down 0.3%

Shares of Federated Hermes stock opened at $55.76 on Tuesday. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67. The company’s 50 day moving average is $56.58 and its 200 day moving average is $53.59. Federated Hermes, Inc. has a twelve month low of $41.55 and a twelve month high of $59.05. The company has a quick ratio of 2.73, a current ratio of 3.28 and a debt-to-equity ratio of 0.29.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. The company had revenue of $478.96 million for 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%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Research analysts anticipate that Federated Hermes, Inc. will post 5.08 EPS for the current year.

Federated Hermes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 8th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, May 8th. Federated Hermes’s payout ratio is currently 29.46%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped 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, May 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research note on Tuesday, April 21st. Royal Bank Of Canada lowered their price target on Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Argus raised Federated Hermes to a “hold” rating in a report on Monday, February 2nd. Finally, TD Cowen lowered their price target on Federated Hermes from $58.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $54.00.

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.