Federated Hermes, Inc. $FHI Stock Holdings Increased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its holdings in Federated Hermes, Inc. (NYSE:FHI) by 369.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,596 shares of the company’s stock after acquiring an additional 166,518 shares during the quarter. Federated Hermes comprises approximately 0.6% of Fulcrum Asset Management LLP’s holdings, making the stock its 22nd largest position. Fulcrum Asset Management LLP owned about 0.28% of Federated Hermes worth $12,171,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FHI. Root Financial Partners LLC acquired a new position in shares of Federated Hermes during the 3rd quarter worth $32,000. Richardson Financial Services Inc. lifted its stake in shares of Federated Hermes by 125.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 752 shares of the company’s stock valued at $42,000 after purchasing an additional 418 shares during the last quarter. Latitude Advisors LLC acquired a new stake in shares of Federated Hermes in the 3rd quarter valued at $43,000. Rockefeller Capital Management L.P. lifted its stake in shares of Federated Hermes by 24.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock valued at $52,000 after purchasing an additional 194 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Federated Hermes in the second quarter worth $85,000. 75.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen increased their target price on shares of Federated Hermes from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, November 2nd. Zacks Research lowered Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Evercore reiterated an “outperform” rating and set a $65.00 price target on shares of Federated Hermes in a research note on Monday, August 10th. Wall Street Zen lowered Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $58.00 price objective on shares of Federated Hermes in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.80.

Federated Hermes Price Performance

Shares of FHI stock opened at $64.16 on Monday. The stock has a 50 day moving average of $58.51 and a two-hundred day moving average of $57.65. The company has a current ratio of 2.48, a quick ratio of 1.79 and a debt-to-equity ratio of 0.27. Federated Hermes, Inc. has a 12 month low of $47.30 and a 12 month high of $67.38. The company has a market capitalization of $4.74 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.84 and a beta of 0.67.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.08. The company had revenue of $507.33 million for the quarter, compared to analyst estimates of $504.91 million. Federated Hermes had a return on equity of 33.94% and a net margin of 21.28%. Federated Hermes’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 EPS. As a group, equities analysts expect that Federated Hermes, Inc. will post 5.56 EPS for the current year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 6th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 6th. Federated Hermes’s dividend payout ratio (DPR) is 27.44%.

Federated Hermes Profile

Federated Hermes, Inc is a global investment manager headquartered in Pittsburgh, Pennsylvania. Founded in 1955 as Federated Investors, the company adopted the Federated Hermes name in 2020, following its acquisition of London-based Hermes Investment Management.

The company offers investment strategies and services across money markets, equities, fixed income, multi-asset and alternative investments. Its products and services include mutual funds, separately managed accounts and institutional investment solutions, along with liquidity management and stewardship services.

Federated Hermes serves individual and institutional investors through financial intermediaries and directly in the United States, the United Kingdom and other international markets.