Fortis Advisors LLC Has $1.51 Million Stake in Federated Hermes, Inc. $FHI

Fortis Advisors LLC boosted its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 64.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,025 shares of the company’s stock after buying an additional 11,350 shares during the period. Fortis Advisors LLC’s holdings in Federated Hermes were worth $1,507,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FHI. AQR Capital Management LLC boosted its position in shares of Federated Hermes by 20.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,978,885 shares of the company’s stock valued at $132,024,000 after acquiring an additional 498,202 shares in the last quarter. LSV Asset Management lifted its stake in Federated Hermes by 22.1% during the third quarter. LSV Asset Management now owns 2,401,001 shares of the company’s stock worth $124,684,000 after purchasing an additional 434,859 shares during the period. Allianz Asset Management GmbH boosted its holdings in Federated Hermes by 19.9% during the third quarter. Allianz Asset Management GmbH now owns 1,008,221 shares of the company’s stock valued at $52,357,000 after purchasing an additional 167,225 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Federated Hermes by 21.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 852,594 shares of the company’s stock valued at $37,787,000 after purchasing an additional 152,134 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Federated Hermes by 405.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 607,504 shares of the company’s stock worth $26,925,000 after buying an additional 487,281 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Stock Down 2.1%

Shares of NYSE FHI opened at $54.87 on Friday. Federated Hermes, Inc. has a 12-month low of $35.05 and a 12-month high of $56.68. The firm’s 50-day simple moving average is $53.38 and its 200 day simple moving average is $52.02. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74.

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

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, February 6th. Federated Hermes’s dividend payout ratio (DPR) is presently 26.46%.

Analyst Ratings Changes

Several analysts recently commented on FHI shares. TD Cowen reaffirmed a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th. Wall Street Zen downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Zacks Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $55.00 price target (up from $54.00) on shares of Federated Hermes in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.