Federated Hermes, Inc. (FHI) To Go Ex-Dividend on November 6th

Federated Hermes, Inc. (NYSE:FHI) declared a quarterly dividend on Thursday, October 29th. Investors of record on Friday, November 6th will be paid a dividend of $0.38 per share on Friday, November 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, November 6th.

Federated Hermes has decreased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 4 years. Federated Hermes has a payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Federated Hermes to earn $5.82 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 26.1%.

Federated Hermes Stock Performance

Shares of NYSE:FHI opened at $58.49 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.89. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 1.53 and a beta of 0.66. Federated Hermes has a fifty-two week low of $46.66 and a fifty-two week high of $67.20. The business’s fifty day moving average price is $58.61 and its two-hundred day moving average price is $57.38.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.08. The firm had revenue of $507.33 million during the quarter, compared to analysts’ expectations of $504.91 million. Federated Hermes had a return on equity of 34.45% and a net margin of 21.28%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $1.34 EPS. As a group, analysts predict that Federated Hermes will post 5.51 EPS for the current fiscal year.

Institutional Trading of Federated Hermes

Hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its position in Federated Hermes by 5.6% in the first quarter. First Trust Advisors LP now owns 616,598 shares of the company’s stock valued at $34,967,000 after purchasing an additional 32,810 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Federated Hermes by 6.2% in the 1st quarter. Kestra Advisory Services LLC now owns 485,727 shares of the company’s stock valued at $27,546,000 after buying an additional 28,278 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Federated Hermes by 3.9% in the first quarter. Principal Financial Group Inc. now owns 162,941 shares of the company’s stock valued at $9,240,000 after acquiring an additional 6,045 shares during the last quarter. Kendall Capital Management boosted its position in Federated Hermes by 7.7% during the third quarter. Kendall Capital Management now owns 131,570 shares of the company’s stock valued at $7,417,000 after purchasing an additional 9,460 shares during the last quarter. Finally, Congress Asset Management Co. grew its stake in Federated Hermes by 21.2% in the third quarter. Congress Asset Management Co. now owns 102,693 shares of the company’s stock valued at $5,789,000 after purchasing an additional 17,992 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Company Profile

Federated Hermes, Inc is a global investment management company that provides asset management services to individuals, financial intermediaries, corporations, governments and other institutions. The company manages a range of investment strategies, including equity, fixed-income, money market, multi-asset, alternative and liquidity management products.

Its offerings are distributed through mutual funds, exchange-traded funds, separately managed accounts, collective investment trusts and institutional mandates.