Sanctuary Advisors LLC Takes $778,000 Position in Federated Hermes, Inc. $FHI

Sanctuary Advisors LLC acquired a new stake in Federated Hermes, Inc. (NYSE:FHI) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,711 shares of the company’s stock, valued at approximately $778,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its position in Federated Hermes by 24.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock worth $52,000 after purchasing an additional 194 shares during the period. GAMMA Investing LLC raised its position in shares of Federated Hermes by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock valued at $142,000 after purchasing an additional 210 shares during the period. Root Financial Partners LLC raised its position in shares of Federated Hermes by 71.0% in the first quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock valued at $32,000 after purchasing an additional 237 shares during the period. RiverFront Investment Group LLC lifted its stake in shares of Federated Hermes by 4.7% in the fourth quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock worth $299,000 after buying an additional 256 shares during the last quarter. Finally, Advyzon Investment Management LLC lifted its stake in shares of Federated Hermes by 6.0% in the fourth quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock worth $239,000 after buying an additional 259 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Federated Hermes news, VP Bryan M. Burke sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $54.20, for a total value of $216,800.00. Following the completion of the sale, the vice president owned 74,921 shares in the company, valued at approximately $4,060,718.20. This trade represents a 5.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the business’s 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 sale, the chief executive officer owned 151,276 shares in the company, valued at approximately $8,674,165.84. This represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is currently owned by company insiders.

Federated Hermes Stock Performance

NYSE:FHI opened at $57.83 on Monday. The firm’s 50-day moving average is $57.18 and its 200-day moving average is $56.03. Federated Hermes, Inc. has a 52-week low of $46.66 and a 52-week high of $60.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.28. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.56 and a beta of 0.65.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $475.22 million. During the same quarter in the prior year, the business earned $1.25 earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities research analysts anticipate that Federated Hermes, Inc. will post 5.24 earnings per share for the current year.

Federated Hermes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were issued a $0.38 dividend. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.52 annualized dividend and a yield of 2.6%. Federated Hermes’s payout ratio is currently 29.46%.

Analysts Set New Price Targets

A number of research firms recently issued reports on FHI. 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, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research report on Friday, July 17th. Wall Street Zen cut shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. TD Cowen cut their price objective on Federated Hermes from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Finally, Royal Bank Of Canada increased their target price on Federated Hermes from $54.00 to $57.00 and gave the company a “sector perform” rating in a research note on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Federated Hermes has an average rating of “Hold” and a consensus price target of $55.75.

Federated Hermes 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.