Burney Co. Raises Stake in Federated Hermes, Inc. $FHI

Key Points

• Burney Co. raised its stake in Federated Hermes by 61.8% in Q4 to 218,661 shares, worth about $11.39 million (roughly 0.28% of the company) after buying an additional 83,529 shares.
• VP Paul A. Uhlman sold 72,392 shares at an average price of $56.23 for about $4.07 million, trimming his position by 21.52% to 263,987 shares; company insiders now own 4.20% of the stock.
• Federated Hermes beat Q4 estimates with $1.39 EPS (vs. $1.20 expected) and revenue up 13.7% year-over-year; the company has a $4.2B market cap, a 2.5% dividend yield, and a consensus analyst rating of "Hold" with a $55 target.

Burney Co. raised its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 61.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 218,661 shares of the company's stock after buying an additional 83,529 shares during the quarter. Burney Co. owned approximately 0.28% of Federated Hermes worth $11,386,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FHI. Jones Financial Companies Lllp grew its holdings in Federated Hermes by 236.0% in the 1st quarter. Jones Financial Companies Lllp now owns 8,890 shares of the company's stock valued at $362,000 after buying an additional 6,244 shares in the last quarter. United Services Automobile Association purchased a new stake in Federated Hermes in the 1st quarter valued at $220,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Federated Hermes by 11.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,613 shares of the company's stock worth $9,769,000 after purchasing an additional 24,960 shares during the period. American Century Companies Inc. grew its holdings in shares of Federated Hermes by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 33,246 shares of the company's stock worth $1,474,000 after purchasing an additional 614 shares during the period. Finally, Prudential Financial Inc. grew its holdings in shares of Federated Hermes by 4.9% during the 2nd quarter. Prudential Financial Inc. now owns 11,744 shares of the company's stock worth $497,000 after purchasing an additional 547 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Paul A. Uhlman sold 72,392 shares of the firm's stock in a transaction dated 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 transaction, the vice president directly owned 263,987 shares in the company, valued at $14,843,989.01. This trade represents a 21.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.20% of the stock is owned by company insiders.

Federated Hermes Stock Performance

NYSE FHI opened at $55.27 on Friday. The stock has a fifty day simple moving average of $55.81 and a 200-day simple moving average of $52.95. Federated Hermes, Inc. has a twelve month low of $35.88 and a twelve month high of $58.60. The stock has a market cap of $4.20 billion, a PE ratio of 10.75, a P/E/G ratio of 1.93 and a beta of 0.67. The company has a current ratio of 2.75, a quick ratio of 2.30 and a debt-to-equity ratio of 0.29.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.19. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The company had revenue of $482.83 million during the quarter, compared to analysts' expectations of $468.45 million. During the same period last year, the business posted $1.04 EPS. Federated Hermes's revenue for the quarter was up 13.7% on a year-over-year basis. Equities analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, February 6th. Federated Hermes's dividend payout ratio (DPR) is 26.46%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FHI. TD Cowen reiterated a "hold" rating on shares of Federated Hermes in a report on Thursday. Royal Bank Of Canada reiterated a "sector perform" rating and set a $55.00 price target (up from $54.00) on shares of Federated Hermes in a report on Tuesday, February 3rd. Wall Street Zen upgraded Federated Hermes from a "hold" rating to a "buy" rating in a report on Saturday, April 4th. Weiss Ratings reiterated a "buy (b)" rating on shares of Federated Hermes in a report on Thursday, January 22nd. Finally, Argus upgraded Federated Hermes to a "hold" rating in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $55.00.

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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