Federated Hermes, Inc. $FHI Stake Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 2,410.2% during the third quarter, Holdings Channel.com reports. The fund owned 779,492 shares of the company’s stock after purchasing an additional 748,439 shares during the period. Victory Capital Management Inc.’s holdings in Federated Hermes were worth $40,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MAI Capital Management lifted its position in 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 purchasing an additional 221 shares during the period. Farther Finance Advisors LLC increased its position in shares of Federated Hermes by 97.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $45,000 after purchasing an additional 430 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Federated Hermes in the 2nd quarter worth $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Federated Hermes in the second quarter valued at $56,000. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 679 shares during the period. Institutional investors own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

FHI has been the topic of a number of research analyst reports. TD Cowen reaffirmed a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th. Argus raised shares of Federated Hermes to a “hold” rating in a report on Monday, February 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $55.00 price objective (up from $54.00) on shares of Federated Hermes in a research report on Tuesday, February 3rd. Wall Street Zen cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.00.

Federated Hermes Stock Performance

Shares of NYSE FHI opened at $55.84 on Friday. The stock’s fifty day simple moving average is $54.06 and its 200 day simple moving average is $52.33. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.54 and a beta of 0.73. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. Federated Hermes, Inc. has a 52-week low of $35.05 and a 52-week high of $57.33.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The business had revenue of $482.83 million during the quarter, compared to the consensus estimate of $468.45 million. During the same period in the prior year, the business posted $1.04 earnings per share. Federated Hermes’s revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.36 dividend on an annualized basis and a yield of 2.4%. Federated Hermes’s dividend payout ratio is currently 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.