Morningstar Investment Management LLC raised its position in shares of Federated Hermes, Inc. (NYSE:FHI – Free Report) by 82.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,895 shares of the company’s stock after purchasing an additional 18,047 shares during the quarter. Morningstar Investment Management LLC’s holdings in Federated Hermes were worth $2,262,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in shares of Federated Hermes by 24.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock valued at $52,000 after buying an additional 194 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 during the last quarter. Root Financial Partners LLC increased 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 purchasing an additional 237 shares in the last quarter. RiverFront Investment Group LLC raised its stake in shares of Federated Hermes by 4.7% in the fourth quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock worth $299,000 after purchasing an additional 256 shares during the last quarter. Finally, Advyzon Investment Management LLC lifted its holdings in shares of Federated Hermes by 6.0% during the fourth quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock valued at $239,000 after purchasing an additional 259 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 8,950 shares of Federated Hermes stock in a transaction on Monday, June 8th. The shares were sold at an average price of $57.34, for a total value of $513,193.00. Following the completion of the transaction, the chief executive officer directly owned 151,276 shares of the company’s stock, valued at $8,674,165.84. This trade represents a 5.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Bryan M. Burke sold 4,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $4,060,718.20. This represents a 5.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 4.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Federated Hermes
Federated Hermes Stock Performance
Shares of NYSE FHI opened at $57.83 on Friday. 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 company has a market cap of $4.39 billion, a P/E ratio of 11.21, a P/E/G ratio of 1.56 and a beta of 0.65. The firm’s fifty day moving average is $57.18 and its two-hundred day moving average is $56.01. Federated Hermes, Inc. has a 52-week low of $46.66 and a 52-week high of $60.77.
Federated Hermes (NYSE:FHI – Get Free Report) last released 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. The business 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%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 EPS. As a group, analysts anticipate that Federated Hermes, Inc. will post 5.24 EPS for the current fiscal year.
Federated Hermes Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a 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 (DPR) is 29.46%.
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.
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