Kendall Capital Management Increases Stock Position in Federated Hermes, Inc. $FHI

Kendall Capital Management boosted its position in Federated Hermes, Inc. (NYSE:FHI) by 17.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 87,635 shares of the company’s stock after acquiring an additional 12,980 shares during the period. Federated Hermes accounts for 1.0% of Kendall Capital Management’s holdings, making the stock its 27th largest holding. Kendall Capital Management’s holdings in Federated Hermes were worth $4,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FHI. GAMMA Investing LLC increased its holdings 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 period. MAI Capital Management lifted its holdings in Federated Hermes by 86.7% in the 3rd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after buying an additional 221 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Federated Hermes by 0.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,934 shares of the company’s stock worth $3,580,000 after buying an additional 272 shares during the last quarter. Cibc World Market Inc. grew its position in shares of Federated Hermes by 0.3% in the 3rd quarter. Cibc World Market Inc. now owns 115,930 shares of the company’s stock worth $6,020,000 after buying an additional 331 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of Federated Hermes by 3.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,628 shares of the company’s stock valued at $553,000 after buying an additional 388 shares during the period. 75.94% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Paul A. Uhlman sold 72,392 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $56.23, for a total value of $4,070,602.16. Following the completion of the transaction, the vice president directly 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 Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FHI has been the subject of a number of recent analyst reports. 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 report on Tuesday, February 3rd. TD Cowen reissued a “hold” rating on shares of Federated Hermes in a research report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a report on Thursday, January 22nd. Argus raised shares of Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.00.

Federated Hermes Trading Down 0.6%

FHI opened at $57.72 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. Federated Hermes, Inc. has a 52 week low of $35.05 and a 52 week high of $58.57. The stock has a market cap of $4.38 billion, a PE ratio of 11.23, a PEG ratio of 2.03 and a beta of 0.67. The business has a 50 day moving average of $55.35 and a 200-day moving average of $52.77.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results 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. The company had revenue of $482.83 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 earnings per share. Equities research analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

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

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.