Archford Capital Strategies LLC Invests $1.27 Million in Federated Hermes, Inc. $FHI

Key Points

• Archford Capital Strategies bought a new stake of 24,358 shares in Federated Hermes worth about $1.27 million in Q4, while several large institutions (AQR, Invesco, Schneider Downs, LSV, Allianz) also boosted positions, leaving institutional ownership at roughly 75.94%.
• Federated Hermes beat expectations for the quarter with $1.39 EPS vs $1.20 expected and revenue of $482.8M (up 13.7% YoY); the stock trades near its 52-week high, with a market cap of $4.3B and a P/E of 11.02.
• The company pays a quarterly dividend of $0.34 (annualized yield ~2.4%, payout ratio 26.46%), while insider VP Paul A. Uhlman sold 72,392 shares for ~$4.07M; analysts’ consensus rating is a Hold with a $55 target.

Archford Capital Strategies LLC purchased a new stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 24,358 shares of the company's stock, valued at approximately $1,268,000.

Several other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in shares of Federated Hermes by 20.1% during the second quarter. AQR Capital Management LLC now owns 2,978,885 shares of the company's stock valued at $132,024,000 after purchasing an additional 498,202 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Federated Hermes by 29.6% during the third quarter. Invesco Ltd. now owns 2,939,908 shares of the company's stock worth $152,669,000 after purchasing an additional 670,643 shares during the period. Schneider Downs Wealth Management Advisors LP grew its stake in shares of Federated Hermes by 3,229.0% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 2,657,263 shares of the company's stock worth $137,992,000 after purchasing an additional 2,577,442 shares during the last quarter. LSV Asset Management increased its holdings in Federated Hermes by 22.1% in the third quarter. LSV Asset Management now owns 2,401,001 shares of the company's stock valued at $124,684,000 after purchasing an additional 434,859 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in Federated Hermes by 19.9% in the third quarter. Allianz Asset Management GmbH now owns 1,008,221 shares of the company's stock valued at $52,357,000 after purchasing an additional 167,225 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Stock Up 0.8%

FHI stock opened at $56.64 on Wednesday. The stock's 50 day simple moving average is $55.21 and its 200 day simple moving average is $52.70. The company has a market cap of $4.30 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 1.96 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.30 and a current ratio of 2.75. Federated Hermes, Inc. has a fifty-two week low of $35.05 and a fifty-two week high of $57.99.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.19. The firm had revenue of $482.83 million during 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 company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. On average, research analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, February 6th. This represents a $1.36 dividend on an annualized basis and a yield of 2.4%. Federated Hermes's payout ratio is 26.46%.

Wall Street Analysts Forecast Growth

FHI has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Federated Hermes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 9th. Royal Bank Of Canada restated a "sector perform" rating and issued a $55.00 price target (up from $54.00) on shares of Federated Hermes in a research report on Tuesday, February 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of Federated Hermes in a research note on Thursday, January 22nd. TD Cowen restated a "hold" rating on shares of Federated Hermes in a research report on Wednesday, January 14th. Finally, Argus raised Federated Hermes to a "hold" rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Federated Hermes currently has an average rating of "Hold" and a consensus target price of $55.00.

Insider Buying and Selling

In other Federated Hermes news, VP Paul A. Uhlman sold 72,392 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $56.23, for a total transaction of $4,070,602.16. Following the completion of the sale, the vice president directly owned 263,987 shares of the company's stock, valued at approximately $14,843,989.01. The trade was a 21.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company's stock.

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.

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