Versor Investments LP Boosts Stock Holdings in Federated Hermes, Inc. $FHI

Versor Investments LP grew its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 114.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,820 shares of the company’s stock after buying an additional 9,500 shares during the quarter. Versor Investments LP’s holdings in Federated Hermes were worth $928,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. MAI Capital Management grew its holdings in shares of Federated Hermes by 86.7% during the third quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $25,000 after buying an additional 221 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Federated Hermes during the fourth quarter valued at approximately $25,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Federated Hermes in the second quarter worth approximately $56,000. EverSource Wealth Advisors LLC grew its position in Federated Hermes by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,567 shares of the company’s stock worth $69,000 after purchasing an additional 679 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in Federated Hermes in the 3rd quarter worth approximately $75,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Argus raised shares of Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. TD Cowen cut their target price 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, Royal Bank Of Canada cut their target price on shares of Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $54.00.

Insider Buying and Selling at Federated Hermes

In other news, VP Paul A. Uhlman sold 72,392 shares of Federated Hermes stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $56.23, for a total transaction of $4,070,602.16. Following the transaction, the vice president owned 263,987 shares in the company, valued at $14,843,989.01. This trade represents a 21.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Bryan M. Burke sold 4,000 shares of Federated Hermes 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 transaction, the vice president owned 74,921 shares in the company, valued at $4,060,718.20. This represents a 5.07% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.20% of the company’s stock.

Federated Hermes Trading Up 0.9%

Shares of Federated Hermes stock opened at $56.21 on Wednesday. The company’s fifty day simple moving average is $56.59 and its 200-day simple moving average is $53.63. The stock has a market capitalization of $4.27 billion, a PE ratio of 10.89, a P/E/G ratio of 2.19 and a beta of 0.67. Federated Hermes, Inc. has a 1-year low of $41.55 and a 1-year high of $59.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.28 and a quick ratio of 2.73.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.07. The business 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 was up 13.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.25 EPS. As a group, equities analysts anticipate that Federated Hermes, Inc. will post 5.08 earnings per share for the current year.

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, May 8th. This represents a $1.52 annualized dividend and a dividend yield of 2.7%. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s dividend payout ratio is 29.46%.

Federated Hermes Company 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.