SG Americas Securities LLC Grows Holdings in Federated Hermes, Inc. $FHI

SG Americas Securities LLC raised its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 27.6% in the 1st quarter, Holdings Channel reports. The firm owned 73,964 shares of the company’s stock after purchasing an additional 16,012 shares during the quarter. SG Americas Securities LLC’s holdings in Federated Hermes were worth $4,194,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MAI Capital Management increased its stake in Federated Hermes by 86.7% in the 3rd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after buying an additional 221 shares during the period. Torren Management LLC purchased a new stake in Federated Hermes in the 4th quarter valued at about $25,000. CIBC Private Wealth Group LLC grew its stake in Federated Hermes by 119.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company’s stock worth $38,000 after acquiring an additional 401 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Federated Hermes by 145.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 848 shares of the company’s stock worth $44,000 after acquiring an additional 503 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Federated Hermes by 220.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 863 shares of the company’s stock worth $45,000 after acquiring an additional 594 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Price Performance

NYSE FHI opened at $56.41 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.28. The firm’s 50 day moving average price is $56.54 and its 200-day moving average price is $55.38. Federated Hermes, Inc. has a 52-week low of $44.02 and a 52-week high of $60.17. The company has a market cap of $4.28 billion, a PE ratio of 10.93, a P/E/G ratio of 2.05 and a beta of 0.65.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The company had revenue of $478.96 million during the quarter, compared to the consensus estimate of $475.22 million. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. Federated Hermes’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 firm posted $1.25 earnings per share. Sell-side analysts forecast that Federated Hermes, Inc. will post 5.12 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s dividend payout ratio is presently 29.46%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FHI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research note on Tuesday, April 21st. Royal Bank Of Canada reduced 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. Wall Street Zen lowered Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. lowered 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. Finally, TD Cowen dropped 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. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Federated Hermes has an average rating of “Hold” and an average price target of $55.00.

Insiders Place Their Bets

In related news, VP Bryan M. Burke sold 4,000 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.20, for a total transaction of $216,800.00. Following the completion of the sale, the vice president directly owned 74,921 shares in the company, valued at $4,060,718.20. This represents a 5.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $57.34, for a total value of $513,193.00. Following the sale, the chief executive officer directly owned 151,276 shares in the company, valued at approximately $8,674,165.84. The trade was a 5.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.20% of the company’s stock.

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.