Seizert Capital Partners LLC Buys 26,459 Shares of Federated Hermes, Inc. $FHI

Seizert Capital Partners LLC grew its stake in Federated Hermes, Inc. (NYSE:FHI) by 47.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,524 shares of the company’s stock after purchasing an additional 26,459 shares during the period. Seizert Capital Partners LLC owned about 0.11% of Federated Hermes worth $4,285,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FHI. Diversified Trust Co grew its position in Federated Hermes by 2.6% during the second quarter. Diversified Trust Co now owns 9,036 shares of the company’s stock worth $400,000 after buying an additional 229 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Federated Hermes by 10.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock worth $131,000 after acquiring an additional 241 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Federated Hermes by 1.9% during the 2nd quarter. Exchange Traded Concepts LLC now owns 20,712 shares of the company’s stock worth $918,000 after purchasing an additional 396 shares in the last quarter. RHS Financial LLC increased its position in shares of Federated Hermes by 4.8% during the second quarter. RHS Financial LLC now owns 9,321 shares of the company’s stock valued at $413,000 after purchasing an additional 423 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Federated Hermes by 97.7% during the third quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $45,000 after purchasing an additional 430 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Trading Down 1.0%

Shares of NYSE FHI opened at $53.84 on Tuesday. Federated Hermes, Inc. has a 1-year low of $35.05 and a 1-year high of $54.48. The company has a 50-day moving average of $51.54 and a two-hundred day moving average of $51.06. The company has a market cap of $4.17 billion, a PE ratio of 11.23, a P/E/G ratio of 0.56 and a beta of 0.75. The company has a current ratio of 3.13, a quick ratio of 2.58 and a debt-to-equity ratio of 0.29.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.23. Federated Hermes had a net margin of 21.86% and a return on equity of 33.03%. The business had revenue of $469.45 million during the quarter, compared to analyst estimates of $442.67 million. During the same quarter last year, the business posted $1.06 earnings per share. Federated Hermes’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a $0.34 dividend. The ex-dividend date was Friday, November 7th. This represents a $1.36 annualized dividend and a yield of 2.5%. Federated Hermes’s dividend payout ratio (DPR) is currently 28.39%.

Insider Buying and Selling

In other Federated Hermes 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 4,461 shares of the company’s stock in a transaction 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 sale, the chief executive officer owned 161,578 shares of the company’s stock, valued at $7,731,507.30. The trade was a 2.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,709 shares of company stock worth $1,049,146 over the last three months. 3.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on FHI. TD Cowen lifted their price target on shares of Federated Hermes from $53.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, January 14th. Cowen reaffirmed a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th. Wall Street Zen raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 10th. JPMorgan Chase & Co. increased their price target on shares of Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.20.

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.