Kendall Capital Management Raises Stock Holdings in Federated Hermes, Inc. $FHI

Kendall Capital Management increased its stake in Federated Hermes, Inc. (NYSE:FHI) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,635 shares of the company’s stock after purchasing an additional 12,980 shares during the period. Federated Hermes makes up approximately 1.0% of Kendall Capital Management’s portfolio, making the stock its 27th biggest holding. Kendall Capital Management owned approximately 0.11% of Federated Hermes worth $4,563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Schneider Downs Wealth Management Advisors LP grew its stake in Federated Hermes by 3,229.0% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,657,263 shares of the company’s stock worth $137,992,000 after buying an additional 2,577,442 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Federated Hermes by 2,410.2% during the 3rd quarter. Victory Capital Management Inc. now owns 779,492 shares of the company’s stock valued at $40,479,000 after buying an additional 748,439 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Federated Hermes by 29.6% during the 3rd quarter. Invesco Ltd. now owns 2,939,908 shares of the company’s stock worth $152,669,000 after acquiring an additional 670,643 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of Federated Hermes by 2,427.2% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 527,368 shares of the company’s stock worth $27,386,000 after acquiring an additional 506,500 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Federated Hermes by 20.1% in the second quarter. AQR Capital Management LLC now owns 2,978,885 shares of the company’s stock worth $132,024,000 after acquiring an additional 498,202 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Stock Performance

Federated Hermes stock opened at $57.72 on Friday. The firm has a fifty day simple moving average of $55.35 and a two-hundred day simple moving average of $52.77. The company has a quick ratio of 2.30, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. Federated Hermes, Inc. has a twelve month low of $35.05 and a twelve month high of $58.57. The company has a market capitalization of $4.38 billion, a PE ratio of 11.23, a P/E/G ratio of 2.03 and a beta of 0.67.

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

Federated Hermes Announces Dividend

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

Insider Buying and Selling

In other Federated Hermes news, VP Paul A. Uhlman sold 72,392 shares of Federated Hermes stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $56.23, for a total value of $4,070,602.16. Following the transaction, the vice president directly owned 263,987 shares of the company’s stock, valued at $14,843,989.01. The trade was a 21.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is owned by company insiders.

Analyst Ratings Changes

FHI has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a research report on Thursday, January 22nd. Wall Street Zen cut Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Royal Bank Of Canada reiterated 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. TD Cowen restated a “hold” rating on shares of Federated Hermes in a research report on Wednesday, January 14th. Finally, Zacks Research lowered Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.00.

About Federated Hermes

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.