Federated Hermes, Inc. $FHI Stock Holdings Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 68.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 36,053 shares of the company’s stock after acquiring an additional 14,700 shares during the period. Handelsbanken Fonder AB’s holdings in Federated Hermes were worth $1,872,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FHI. Burney Co. lifted its holdings in shares of Federated Hermes by 11.8% during the third quarter. Burney Co. now owns 135,132 shares of the company’s stock valued at $7,017,000 after purchasing an additional 14,253 shares during the last quarter. Seizert Capital Partners LLC increased its position in shares of Federated Hermes by 47.2% in the third quarter. Seizert Capital Partners LLC now owns 82,524 shares of the company’s stock worth $4,285,000 after acquiring an additional 26,459 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of Federated Hermes by 2,427.2% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 527,368 shares of the company’s stock valued at $27,386,000 after acquiring an additional 506,500 shares in the last quarter. Vest Financial LLC acquired a new position in Federated Hermes in the 3rd quarter worth approximately $1,397,000. Finally, Allianz Asset Management GmbH grew its position in Federated Hermes by 19.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,008,221 shares of the company’s stock worth $52,357,000 after purchasing an additional 167,225 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FHI has been the topic of a number of research analyst reports. Wall Street Zen downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Argus raised shares of Federated Hermes to a “hold” rating in a research note on Monday, February 2nd. TD Cowen reissued a “hold” rating on shares of Federated Hermes in a research report on Wednesday, January 14th. Zacks Research lowered Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Federated Hermes has an average rating of “Hold” and a consensus price target of $55.00.

Federated Hermes Price Performance

NYSE FHI opened at $57.18 on Thursday. The company has a market cap of $4.43 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.55 and a beta of 0.73. Federated Hermes, Inc. has a 1 year low of $35.05 and a 1 year high of $57.33. The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $53.97 and a 200 day simple moving average of $52.28.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, January 29th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $482.83 million during the quarter, compared to analyst estimates of $468.45 million. Federated Hermes had a net margin of 22.40% and a return on equity of 34.25%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. On average, sell-side analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, February 6th were paid a $0.34 dividend. The ex-dividend date was Friday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 2.4%. Federated Hermes’s dividend payout ratio (DPR) is presently 26.46%.

Federated Hermes Company 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.