O Shaughnessy Asset Management LLC Has $7.45 Million Stock Position in Federated Hermes, Inc. $FHI

O Shaughnessy Asset Management LLC raised its stake in Federated Hermes, Inc. (NYSE:FHI) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,991 shares of the company’s stock after buying an additional 13,822 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Federated Hermes were worth $7,446,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Federated Hermes by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock valued at $142,000 after buying an additional 210 shares in the last quarter. MAI Capital Management boosted its position in Federated Hermes by 86.7% in the third quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $25,000 after buying an additional 221 shares in the last quarter. RiverFront Investment Group LLC boosted its position in Federated Hermes by 4.7% in the fourth quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock valued at $299,000 after buying an additional 256 shares in the last quarter. Cadence Bank boosted its position in Federated Hermes by 0.3% in the fourth quarter. Cadence Bank now owns 128,345 shares of the company’s stock valued at $6,683,000 after buying an additional 323 shares in the last quarter. Finally, Cibc World Market Inc. boosted its position in Federated Hermes by 0.3% in the third quarter. Cibc World Market Inc. now owns 115,930 shares of the company’s stock valued at $6,020,000 after buying an additional 331 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insiders Place Their Bets

In related news, VP Bryan M. Burke sold 4,000 shares of Federated Hermes stock in a transaction 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 owned 74,921 shares of the company’s stock, valued at $4,060,718.20. This trade represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of Federated Hermes stock in a transaction on Monday, June 8th. The stock was sold at an average price of $57.34, for a total transaction of $513,193.00. Following the transaction, the chief executive officer directly owned 151,276 shares of the company’s stock, valued at $8,674,165.84. This represents a 5.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FHI. JPMorgan Chase & Co. cut their target price on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research report on Monday, May 4th. Royal Bank Of Canada cut their price target 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. Wall Street Zen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a report on Tuesday, April 21st. Finally, Evercore reiterated an “outperform” rating and set a $59.00 price target on shares of Federated Hermes in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Federated Hermes has an average rating of “Hold” and an average target price of $55.00.

Federated Hermes Price Performance

Shares of NYSE:FHI opened at $57.48 on Thursday. The firm has a market cap of $4.36 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The firm’s fifty day moving average is $56.28 and its 200-day moving average is $54.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.28. Federated Hermes, Inc. has a 52 week low of $41.71 and a 52 week high of $59.05.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.27 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 company had revenue of $478.96 million for the quarter, compared to analyst estimates of $475.22 million. During the same quarter in the previous year, the business earned $1.25 earnings per share. Federated Hermes’s revenue was up 13.1% compared to the same quarter last year. Sell-side analysts predict that Federated Hermes, Inc. will post 5.1 earnings per share for the current year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $0.38 per share. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, May 8th. Federated Hermes’s payout ratio is 29.46%.

About Federated Hermes

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.