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

Alps Advisors Inc. grew its stake in Federated Hermes, Inc. (NYSE:FHI) by 115.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 293,844 shares of the company’s stock after purchasing an additional 157,462 shares during the quarter. Alps Advisors Inc. owned approximately 0.38% of Federated Hermes worth $15,259,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FHI. LSV Asset Management lifted its stake in Federated Hermes by 77.6% during the 2nd quarter. LSV Asset Management now owns 1,966,142 shares of the company’s stock valued at $87,139,000 after acquiring an additional 859,053 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Federated Hermes by 20.1% in the second quarter. AQR Capital Management LLC now owns 2,978,885 shares of the company’s stock valued at $132,024,000 after purchasing an additional 498,202 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Federated Hermes by 405.3% during the second quarter. Qube Research & Technologies Ltd now owns 607,504 shares of the company’s stock valued at $26,925,000 after purchasing an additional 487,281 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Federated Hermes by 267.5% during the second quarter. Ameriprise Financial Inc. now owns 572,738 shares of the company’s stock valued at $25,380,000 after purchasing an additional 416,909 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Federated Hermes by 49.1% during the second quarter. Allianz Asset Management GmbH now owns 840,996 shares of the company’s stock worth $37,273,000 after purchasing an additional 277,117 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Insider Activity at Federated Hermes

In related news, VP Dolores D. Dudiak sold 999 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president directly owned 88,223 shares of the company’s stock, valued at approximately $4,223,235.01. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 4,461 shares of Federated Hermes stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $213,458.85. Following the completion of the transaction, the chief executive officer owned 161,578 shares of the company’s stock, valued at $7,731,507.30. This represents a 2.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 6,709 shares of company stock worth $321,046. 3.80% of the stock is owned by corporate insiders.

Federated Hermes Stock Performance

Shares of FHI opened at $52.19 on Monday. Federated Hermes, Inc. has a 1 year low of $35.05 and a 1 year high of $55.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.58. The stock’s fifty day moving average price is $52.68 and its two-hundred day moving average price is $51.71. The firm has a market cap of $4.05 billion, a PE ratio of 10.15, a PEG ratio of 0.50 and a beta of 0.74.

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

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, February 6th will be given a $0.34 dividend. 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 payout ratio is 26.46%.

Analysts Set New Price Targets

FHI has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research note on Thursday, January 22nd. Zacks Research lowered Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. lifted their price target on Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Argus raised Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.00.

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.