Royce & Associates LP Has $16.17 Million Stake in Federated Hermes, Inc. $FHI

Royce & Associates LP reduced its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 22.1% in the 3rd quarter, Holdings Channel reports. The firm owned 311,395 shares of the company’s stock after selling 88,162 shares during the quarter. Royce & Associates LP’s holdings in Federated Hermes were worth $16,171,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its position in shares of Federated Hermes by 236.0% during the first quarter. Jones Financial Companies Lllp now owns 8,890 shares of the company’s stock worth $362,000 after acquiring an additional 6,244 shares during the last quarter. United Services Automobile Association acquired a new stake in Federated Hermes during the 1st quarter valued at approximately $220,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Federated Hermes by 11.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,613 shares of the company’s stock valued at $9,769,000 after purchasing an additional 24,960 shares during the period. Envestnet Asset Management Inc. raised its holdings in Federated Hermes by 28.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,304 shares of the company’s stock worth $1,254,000 after purchasing an additional 6,247 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Federated Hermes in the 2nd quarter worth approximately $396,000. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $57.02 on Tuesday. The firm has a market capitalization of $4.42 billion, a P/E ratio of 11.09, a P/E/G ratio of 0.54 and a beta of 0.73. The firm’s 50-day moving average price is $53.87 and its 200-day moving average price is $52.22. 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, Inc. has a 1-year low of $35.05 and a 1-year high of $57.33.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates 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%.The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. Equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, February 6th. Federated Hermes’s dividend payout ratio (DPR) is currently 26.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FHI shares. Wall Street Zen cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. TD Cowen reiterated a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Royal Bank Of Canada restated a “sector perform” rating and set a $55.00 target price (up from $54.00) on shares of Federated Hermes in a research report on Tuesday, February 3rd. Finally, Argus raised Federated Hermes to a “hold” rating in a research note on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.00.

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.