Hsbc Holdings PLC Raises Stock Holdings in Federated Hermes, Inc. $FHI

Hsbc Holdings PLC raised its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 51.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 35,245 shares of the company’s stock after acquiring an additional 11,920 shares during the period. Hsbc Holdings PLC’s holdings in Federated Hermes were worth $2,008,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its stake in shares of Federated Hermes by 24.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock worth $52,000 after acquiring an additional 194 shares during the period. GAMMA Investing LLC lifted its position in Federated Hermes by 8.3% during the fourth 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. Root Financial Partners LLC lifted its position in Federated Hermes by 71.0% during the first quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock valued at $32,000 after purchasing an additional 237 shares during the period. RiverFront Investment Group LLC boosted its holdings in Federated Hermes by 4.7% in the fourth quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock worth $299,000 after purchasing an additional 256 shares during the last quarter. Finally, Advyzon Investment Management LLC boosted its holdings in Federated Hermes by 6.0% in the fourth quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock worth $239,000 after purchasing an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. Royal Bank Of Canada increased their price target on Federated Hermes from $54.00 to $57.00 and gave the company a “sector perform” rating in a report on Thursday, July 2nd. Evercore restated an “outperform” rating and issued a $59.00 price target on shares of Federated Hermes in a research note on Monday, June 8th. Wall Street Zen lowered Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.75.

Insider Buying and Selling

In related news, 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 value of $216,800.00. Following the completion of the sale, the vice president directly owned 74,921 shares of the company’s stock, valued at approximately $4,060,718.20. This represents a 5.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 151,276 shares in the company, valued at approximately $8,674,165.84. The trade was a 5.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.20% of the company’s stock.

Federated Hermes Price Performance

NYSE FHI opened at $57.83 on Monday. The company has a market capitalization of $4.39 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.56 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.28. The business’s fifty day moving average is $57.18 and its 200 day moving average is $56.03. Federated Hermes, Inc. has a fifty-two week low of $46.66 and a fifty-two week high of $60.77.

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 return on equity of 33.90% and a net margin of 21.47%.The business had revenue of $478.96 million during the quarter, compared to analysts’ expectations of $475.22 million. During the same quarter in the prior year, the business posted $1.25 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. Sell-side analysts predict that Federated Hermes, Inc. will post 5.24 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 dividend of $0.38 per share. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.6%. Federated Hermes’s dividend payout ratio is presently 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.