LSV Asset Management Acquires 489,275 Shares of Federated Hermes, Inc. $FHI

LSV Asset Management grew its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 20.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,890,276 shares of the company’s stock after buying an additional 489,275 shares during the quarter. LSV Asset Management’s holdings in Federated Hermes were worth $150,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MAI Capital Management lifted its position in Federated Hermes by 86.7% during the 3rd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after buying an additional 221 shares in the last quarter. Torren Management LLC bought a new stake in shares of Federated Hermes in the 4th quarter valued at about $25,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Federated Hermes in the 2nd quarter valued at about $56,000. EverSource Wealth Advisors LLC raised its holdings in shares of Federated Hermes by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,567 shares of the company’s stock valued at $69,000 after purchasing an additional 679 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Federated Hermes in the 3rd quarter valued at about $75,000. 75.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Argus raised shares of Federated Hermes to a “hold” rating in a report on Monday, February 2nd. TD Cowen dropped their target price on shares of Federated Hermes from $58.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Wall Street Zen cut shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $54.00.

Federated Hermes Stock Performance

Shares of NYSE:FHI opened at $54.77 on Friday. The company’s 50 day moving average price is $56.29 and its two-hundred day moving average price is $53.93. Federated Hermes, Inc. has a 12-month low of $41.55 and a 12-month high of $59.05. The firm has a market cap of $4.16 billion, a PE ratio of 10.61, a PEG ratio of 2.11 and a beta of 0.67. The company has a quick ratio of 2.73, a current ratio of 3.28 and a debt-to-equity ratio of 0.29.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The firm had revenue of $478.96 million for the quarter, compared to analyst estimates of $475.22 million. During the same quarter in the prior year, the business posted $1.25 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts predict that Federated Hermes, Inc. will post 5.1 earnings per share for the current year.

Federated Hermes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s payout ratio is currently 29.46%.

Insider Activity at Federated Hermes

In related news, VP Paul A. Uhlman sold 72,392 shares of the stock in a transaction that occurred on 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 owned 263,987 shares of the company’s stock, valued at $14,843,989.01. This represents a 21.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Bryan M. Burke sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $54.20, for a total transaction of $216,800.00. Following the completion of the transaction, the vice president directly owned 74,921 shares of the company’s stock, valued at approximately $4,060,718.20. The trade was a 5.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is owned by corporate insiders.

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.