RFG Advisory LLC Makes New $979,000 Investment in Federated Hermes, Inc. $FHI

RFG Advisory LLC acquired a new position in Federated Hermes, Inc. (NYSE:FHI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,268 shares of the company’s stock, valued at approximately $979,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Andina Capital Management LLC bought a new position in shares of Federated Hermes during the 1st quarter valued at $569,000. AdvisorNet Financial Inc lifted its stake in Federated Hermes by 38.4% in the first quarter. AdvisorNet Financial Inc now owns 1,563 shares of the company’s stock worth $89,000 after purchasing an additional 434 shares during the last quarter. SG Americas Securities LLC boosted its position in Federated Hermes by 27.6% during the first quarter. SG Americas Securities LLC now owns 73,964 shares of the company’s stock valued at $4,194,000 after buying an additional 16,012 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in Federated Hermes by 255.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 144,671 shares of the company’s stock valued at $8,204,000 after buying an additional 104,017 shares during the period. Finally, Diversified Trust Co boosted its position in Federated Hermes by 18.1% during the first quarter. Diversified Trust Co now owns 11,144 shares of the company’s stock valued at $632,000 after buying an additional 1,704 shares during the period. Institutional investors own 75.94% of the company’s stock.

Insider Transactions at Federated Hermes

In other Federated Hermes news, VP Bryan M. Burke sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $54.20, for a total value of $216,800.00. Following the completion of the sale, the vice president owned 74,921 shares in the company, valued at approximately $4,060,718.20. This trade represents a 5.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of Federated Hermes stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $57.34, for a total value of $513,193.00. Following the completion of the sale, the chief executive officer owned 151,276 shares in the company, valued at approximately $8,674,165.84. This represents a 5.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FHI has been the topic of several analyst reports. Royal Bank Of Canada decreased their price objective on Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their target price on Federated Hermes from $56.00 to $53.00 and set an “underweight” rating for the company in a report on Monday, May 4th. TD Cowen reduced their price target on Federated Hermes from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research note on Tuesday, April 21st. Finally, Wall Street Zen downgraded Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.00.

Federated Hermes Price Performance

Shares of Federated Hermes stock opened at $57.50 on Monday. The firm has a market cap of $4.37 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 2.05 and a beta of 0.65. Federated Hermes, Inc. has a 12-month low of $43.90 and a 12-month high of $60.17. The company has a quick ratio of 2.73, a current ratio of 3.28 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $56.55 and its two-hundred day simple moving average is $55.34.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. The firm had revenue of $478.96 million for the quarter, compared to analysts’ expectations of $475.22 million. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 earnings per share. As a group, equities analysts expect that Federated Hermes, Inc. will post 5.12 EPS for the current year.

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, May 8th. This represents a $1.52 dividend on an annualized basis and a yield of 2.6%. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s dividend payout ratio (DPR) is presently 29.46%.

Federated Hermes 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.