Danske Bank A S Has $83,000 Stake in Federated Hermes, Inc. $FHI

Key Points

• Danske Bank trimmed its stake by 93.3% in Federated Hermes during Q4, selling 22,298 shares and leaving it with 1,600 shares valued at about $83,000.
• Federated Hermes raised its quarterly dividend to $0.38 (from $0.34), a $1.52 annualized payout with a ~2.8% yield; the record date is May 8 and the payment date is May 15.
• Q1 results beat expectations: the company reported $1.27 EPS vs. a $1.20 consensus and revenue of $478.96M (up 13.1% YoY); analysts’ consensus rating is "Hold" with a $54 price target.

Danske Bank A S trimmed its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 93.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,600 shares of the company's stock after selling 22,298 shares during the period. Danske Bank A S's holdings in Federated Hermes were worth $83,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Torren Management LLC acquired a new position in shares of Federated Hermes during the fourth quarter worth approximately $25,000. MAI Capital Management lifted its position in shares of Federated Hermes by 86.7% during the third quarter. MAI Capital Management now owns 476 shares of the company's stock worth $25,000 after purchasing an additional 221 shares in the last quarter. Farther Finance Advisors LLC lifted 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 worth $45,000 after purchasing an additional 430 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Federated Hermes in the second quarter valued at approximately $56,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Federated Hermes in the third quarter valued at approximately $75,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Trading Down 2.3%

FHI opened at $54.33 on Friday. The firm's fifty day moving average is $56.62 and its two-hundred day moving average is $53.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.30 and a current ratio of 3.28. The firm has a market cap of $4.13 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 2.18 and a beta of 0.67. Federated Hermes, Inc. has a twelve month low of $41.55 and a twelve month high of $59.05.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.07. The company had revenue of $478.96 million for the quarter, compared to analyst estimates of $475.22 million. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the business posted $1.25 earnings per share. Equities research analysts anticipate that Federated Hermes, Inc. will post 5.08 EPS for the current year.

Federated Hermes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 8th will be given a dividend of $0.38 per share. This is a positive change from Federated Hermes's previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 8th. Federated Hermes's payout ratio is currently 26.36%.

Insider Activity

In other news, VP Paul A. Uhlman sold 72,392 shares of the stock in a transaction on Thursday, March 12th. The shares were 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 owned 263,987 shares of the company's stock, valued at $14,843,989.01. This represents a 21.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FHI shares. Royal Bank Of Canada cut their price objective 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. Argus upgraded shares of Federated Hermes to a "hold" rating in a report on Monday, February 2nd. Weiss Ratings restated a "buy (b)" rating on shares of Federated Hermes in a report on Tuesday, April 21st. TD Cowen cut their price objective on shares of Federated Hermes from $58.00 to $54.00 and set a "hold" rating on the stock in a report on Monday. Finally, Wall Street Zen lowered shares of Federated Hermes from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $54.00.

Federated Hermes Company 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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