Federated Hermes, Inc. $FHI Shares Sold by Archford Capital Strategies LLC

Key Points

• Archford Capital Strategies cut its Federated Hermes stake by 72.7% in the second quarter, selling 24,068 shares and retaining 9,036 shares valued at approximately $499,000. Institutional investors and hedge funds collectively own 75.94% of FHI.
• Federated Hermes reported quarterly earnings of $1.38 per share, exceeding analysts’ $1.19 estimate, while revenue rose 18.3% year over year to $502.78 million. Shares opened at $60.99, within a 52-week range of $46.66 to $67.20.
• The company paid a quarterly dividend of $0.38 per share, equivalent to an annualized $1.52 dividend and a 2.5% yield. Analyst sentiment was broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $57.40.

Archford Capital Strategies LLC lessened its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 72.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,036 shares of the company's stock after selling 24,068 shares during the period. Archford Capital Strategies LLC's holdings in Federated Hermes were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NorthRock Partners LLC bought a new stake in Federated Hermes during the second quarter worth approximately $265,000. Integrated Wealth Concepts LLC bought a new position in Federated Hermes during the 2nd quarter valued at $85,000. Nykredit A S acquired a new position in shares of Federated Hermes during the 2nd quarter valued at $245,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Federated Hermes during the 2nd quarter valued at $1,427,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Federated Hermes in the 2nd quarter worth $2,833,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Stock Performance

FHI opened at $60.99 on Friday. The firm has a market cap of $4.55 billion, a PE ratio of 11.34, a P/E/G ratio of 1.62 and a beta of 0.65. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $61.35 and a 200-day simple moving average of $58.24. Federated Hermes, Inc. has a fifty-two week low of $46.66 and a fifty-two week high of $67.20.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.19. Federated Hermes had a return on equity of 34.03% and a net margin of 21.30%.The company had revenue of $502.78 million for the quarter, compared to analyst estimates of $488.34 million. During the same period in the previous year, the firm earned $1.16 earnings per share. Federated Hermes's revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, equities analysts predict that Federated Hermes, Inc. will post 5.5 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a yield of 2.5%. Federated Hermes's dividend payout ratio is currently 28.25%.

Analyst Ratings Changes

Several analysts have recently weighed in on FHI shares. Zacks Research upgraded Federated Hermes from a "hold" rating to a "strong-buy" rating in a report on Friday, August 21st. Evercore reaffirmed an "outperform" rating and set a $65.00 target price on shares of Federated Hermes in a report on Monday, August 10th. Weiss Ratings upgraded shares of Federated Hermes from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Monday, August 17th. Wall Street Zen downgraded shares of Federated Hermes from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Federated Hermes from $54.00 to $57.00 and gave the company a "sector perform" rating in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $57.40.

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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