Federated Hermes, Inc. $FHI Shares Purchased by SG Americas Securities LLC

Key Points

• SG Americas Securities boosted its stake in Federated Hermes by 408.8%, buying an additional 46,561 shares to hold 57,952 shares worth about $3.02 million (≈0.07% of the company) at quarter-end.
• Federated Hermes topped expectations for the quarter, reporting $1.39 EPS vs $1.20 consensus and revenue of $482.8M (up 13.7% year-over-year), with a net margin of 22.4% and ROE of 34.25%.
• Insider activity: VP Paul A. Uhlman sold 72,392 shares at an average price of $56.23 for roughly $4.07M, reducing his holding by 21.52%, while insiders collectively own 3.8% of the company.

SG Americas Securities LLC boosted its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 408.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 57,952 shares of the company's stock after purchasing an additional 46,561 shares during the period. SG Americas Securities LLC owned approximately 0.07% of Federated Hermes worth $3,018,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. MAI Capital Management grew its holdings 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 buying an additional 221 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Federated Hermes by 97.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $45,000 after acquiring an additional 430 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Federated Hermes during the 2nd quarter worth approximately $56,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Federated Hermes in the 3rd quarter valued at approximately $75,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Federated Hermes by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,567 shares of the company's stock valued at $69,000 after purchasing an additional 679 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Trading Down 0.2%

NYSE:FHI opened at $57.72 on Friday. Federated Hermes, Inc. has a 1 year low of $35.05 and a 1 year high of $58.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.30 and a current ratio of 2.75. The stock has a fifty day moving average price of $55.43 and a two-hundred day moving average price of $52.81. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 2.02 and a beta of 0.67.

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

Federated Hermes Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Federated Hermes from a "hold" rating to a "buy" rating in a report on Saturday. Zacks Research downgraded shares of Federated Hermes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 9th. TD Cowen restated a "hold" rating on shares of Federated Hermes in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Federated Hermes in a report on Thursday, January 22nd. Finally, Argus raised shares of Federated Hermes to a "hold" rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $55.00.

Insider Transactions at Federated Hermes

In other news, VP Paul A. Uhlman sold 72,392 shares of Federated Hermes stock in a transaction that occurred 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 directly owned 263,987 shares in the company, valued at approximately $14,843,989.01. This trade represents a 21.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.80% of the company's stock.

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.

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