Healthcare of Ontario Pension Plan Trust Fund Decreases Stake in Federated Hermes, Inc. $FHI

Healthcare of Ontario Pension Plan Trust Fund cut its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 23.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,666 shares of the company's stock after selling 34,934 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.15% of Federated Hermes worth $6,616,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FHI. Torren Management LLC bought a new position in shares of Federated Hermes during the 4th quarter valued at approximately $25,000. Root Financial Partners LLC grew its holdings in shares of Federated Hermes by 71.0% in the first quarter. Root Financial Partners LLC now owns 571 shares of the company's stock valued at $32,000 after purchasing an additional 237 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in Federated Hermes by 119.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company's stock worth $38,000 after purchasing an additional 401 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Federated Hermes by 145.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 848 shares of the company's stock worth $44,000 after purchasing an additional 503 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Federated Hermes by 220.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 863 shares of the company's stock valued at $45,000 after purchasing an additional 594 shares in the last quarter. Institutional investors own 75.94% of the company's stock.

Federated Hermes Price Performance

FHI opened at $60.16 on Thursday. The business has a fifty day moving average of $57.53 and a 200 day moving average of $56.18. The stock has a market cap of $4.57 billion, a P/E ratio of 11.66, a PEG ratio of 1.64 and a beta of 0.65. The company has a quick ratio of 2.73, a current ratio of 3.28 and a debt-to-equity ratio of 0.29. Federated Hermes, Inc. has a 52-week low of $46.66 and a 52-week high of $61.01.

Federated Hermes (NYSE:FHI - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.07. The business had revenue of $478.96 million for the quarter, compared to analyst estimates of $475.22 million. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.The business's revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. As a group, sell-side analysts anticipate that Federated Hermes, Inc. will post 5.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FHI. Wall Street Zen cut shares of Federated Hermes from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Evercore restated an "outperform" rating and set a $59.00 target price on shares of Federated Hermes in a research report on Monday, June 8th. Royal Bank Of Canada increased their price target on shares of Federated Hermes from $54.00 to $57.00 and gave the company a "sector perform" rating in a report on Thursday, July 2nd. TD Cowen reduced their price objective on Federated Hermes from $58.00 to $54.00 and set a "hold" rating on the stock in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Federated Hermes from $56.00 to $53.00 and set an "underweight" rating on the stock in a research report on Monday, May 4th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $55.75.

Insider Transactions at Federated Hermes

In related news, VP Bryan M. Burke sold 4,000 shares of the firm's stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.20, for a total value of $216,800.00. Following the transaction, the vice president owned 74,921 shares of the company's stock, valued at $4,060,718.20. This trade represents a 5.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of Federated Hermes stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $57.34, for a total transaction of $513,193.00. Following the sale, the chief executive officer owned 151,276 shares of the company's stock, valued at $8,674,165.84. The trade was a 5.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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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