Y Intercept Hong Kong Ltd Takes Position in Federated Hermes, Inc. $FHI

Y Intercept Hong Kong Ltd purchased a new stake in Federated Hermes, Inc. (NYSE:FHI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,489 shares of the company’s stock, valued at approximately $708,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its holdings in Federated Hermes by 24.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock worth $52,000 after purchasing an additional 194 shares during the period. GAMMA Investing LLC raised its position in Federated Hermes by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock valued at $142,000 after purchasing an additional 210 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Federated Hermes by 71.0% in the 1st quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock worth $32,000 after buying an additional 237 shares during the period. RiverFront Investment Group LLC lifted its holdings in shares of Federated Hermes by 4.7% in the 4th quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock worth $299,000 after buying an additional 256 shares during the period. Finally, Advyzon Investment Management LLC grew its position in shares of Federated Hermes by 6.0% during the 4th quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock worth $239,000 after buying an additional 259 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

FHI has been the subject of a number of research reports. Evercore reaffirmed an “outperform” rating and issued a $59.00 price objective on shares of Federated Hermes in a research note on Monday, June 8th. Wall Street Zen downgraded shares of Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada boosted their price target on shares of Federated Hermes from $54.00 to $57.00 and gave the company a “sector perform” rating in a report on Thursday, July 2nd. TD Cowen lowered their price target on shares of Federated Hermes from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.75.

Federated Hermes Price Performance

NYSE FHI opened at $58.12 on Tuesday. The firm’s fifty day simple moving average is $56.65 and its two-hundred day simple moving average is $55.71. The firm has a market capitalization of $4.41 billion, a P/E ratio of 11.26, a P/E/G ratio of 2.11 and a beta of 0.65. The company has a current ratio of 3.28, a quick ratio of 2.73 and a debt-to-equity ratio of 0.29. Federated Hermes, Inc. has a 12-month low of $45.30 and a 12-month high of $60.77.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.20 by $0.07. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.The firm had revenue of $478.96 million during the quarter, compared to analyst estimates of $475.22 million. During the same quarter in the prior year, the business posted $1.25 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Analysts forecast that Federated Hermes, Inc. will post 5.14 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.6%. This is an increase from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. Federated Hermes’s dividend payout ratio is currently 29.46%.

Insider Activity

In other Federated Hermes news, VP Bryan M. Burke sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $54.20, for a total transaction of $216,800.00. Following the sale, the vice president owned 74,921 shares of the company’s stock, valued at approximately $4,060,718.20. The trade was a 5.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $57.34, for a total transaction of $513,193.00. Following the transaction, the chief executive officer owned 151,276 shares in the company, valued at $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.

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.