Centiva Capital LP Invests $470,000 in Federated Hermes, Inc. $FHI

Centiva Capital LP bought a new position in shares of Federated Hermes, Inc. (NYSE:FHI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,048 shares of the company’s stock, valued at approximately $470,000.

Several other hedge funds have also recently added to or reduced their stakes in FHI. Clark Capital Management Group Inc. acquired a new position in Federated Hermes during the 3rd quarter worth approximately $6,580,000. Bank of America Corp DE raised its holdings in shares of Federated Hermes by 1.2% in the 3rd quarter. Bank of America Corp DE now owns 605,809 shares of the company’s stock valued at $31,460,000 after purchasing an additional 6,975 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of Federated Hermes by 19.1% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 9,573 shares of the company’s stock valued at $497,000 after purchasing an additional 1,536 shares in the last quarter. Creative Planning lifted its position in shares of Federated Hermes by 37.2% during the 3rd quarter. Creative Planning now owns 29,287 shares of the company’s stock worth $1,521,000 after purchasing an additional 7,948 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Federated Hermes by 51.1% during the 3rd quarter. Lazard Asset Management LLC now owns 84,131 shares of the company’s stock worth $4,369,000 after purchasing an additional 28,444 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wall Street Zen lowered Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a report on Thursday, January 22nd. Zacks Research cut Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Argus upgraded Federated Hermes to a “hold” rating in a report on Monday, February 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $55.00 target price (up from $54.00) on shares of Federated Hermes in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.00.

Federated Hermes Price Performance

Shares of NYSE:FHI opened at $56.92 on Monday. The company’s fifty day moving average price is $54.40 and its 200 day moving average price is $52.42. Federated Hermes, Inc. has a 12 month low of $35.05 and a 12 month high of $57.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.30. The firm has a market capitalization of $4.41 billion, a P/E ratio of 11.07, a P/E/G ratio of 1.99 and a beta of 0.73.

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

Federated Hermes Dividend Announcement

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