Alps Advisors Inc. Boosts Position in Federated Hermes, Inc. $FHI

Alps Advisors Inc. grew its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 115.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 293,844 shares of the company’s stock after acquiring an additional 157,462 shares during the period. Alps Advisors Inc.’s holdings in Federated Hermes were worth $15,259,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FHI. BI Asset Management Fondsmaeglerselskab A S grew its stake in Federated Hermes by 3,592.3% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 46,412 shares of the company’s stock valued at $2,410,000 after acquiring an additional 45,155 shares in the last quarter. Savant Capital LLC bought a new position in Federated Hermes in the 3rd quarter valued at $216,000. Envestnet Asset Management Inc. grew its position in shares of Federated Hermes by 37.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 38,845 shares of the company’s stock valued at $2,017,000 after purchasing an additional 10,541 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Federated Hermes by 19.9% in the third quarter. Allianz Asset Management GmbH now owns 1,008,221 shares of the company’s stock worth $52,357,000 after purchasing an additional 167,225 shares during the period. Finally, AlphaQuest LLC increased its holdings in shares of Federated Hermes by 69.7% in the third quarter. AlphaQuest LLC now owns 66,373 shares of the company’s stock worth $3,447,000 after purchasing an additional 27,266 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Stock Performance

Shares of NYSE FHI opened at $52.19 on Monday. The stock’s 50-day moving average is $52.68 and its 200 day moving average is $51.71. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 0.50 and a beta of 0.74. Federated Hermes, Inc. has a 1-year low of $35.05 and a 1-year high of $55.13. The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 0.29.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, January 29th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $482.83 million during the quarter, compared to analyst estimates of $468.45 million. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.Federated Hermes’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. On average, sell-side analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, February 6th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 2.6%. Federated Hermes’s dividend payout ratio (DPR) is currently 26.46%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FHI shares. TD Cowen reissued a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th. Wall Street Zen downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. JPMorgan Chase & Co. boosted their price objective on Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Zacks Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $55.00 price target (up previously from $54.00) on shares of Federated Hermes in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Federated Hermes presently has an average rating of “Hold” and an average price target of $55.00.

Insider Buying and Selling

In other Federated Hermes news, VP Dolores D. Dudiak sold 999 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total value of $47,822.13. Following the completion of the sale, the vice president directly owned 88,223 shares of the company’s stock, valued at $4,223,235.01. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Saker Anwar Nusseibeh sold 4,461 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $213,458.85. Following the sale, the chief executive officer owned 161,578 shares of the company’s stock, valued at approximately $7,731,507.30. The trade was a 2.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,709 shares of company stock worth $321,046 in the last 90 days. 3.80% of the stock is owned by company insiders.

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.