UBS Group AG Purchases 74,438 Shares of Federated Hermes, Inc. $FHI

Key Points

• UBS Group AG increased its stake in Federated Hermes by 8.2% in the fourth quarter, buying 74,438 shares to hold 984,054 shares (about 1.27% of the company) worth roughly $51.24 million.
• Vice President Paul A. Uhlman sold 72,392 shares for about $4.07 million (avg. $56.23), reducing his position by 21.52%; insiders now own 4.20% of the company.
• Federated Hermes beat quarterly estimates with $1.27 EPS vs. $1.20 expected and $478.96M revenue (+13.1% YoY), and it raised its quarterly dividend to $0.38 (ex-dividend May 8, payable May 15), implying a 2.8% yield.

UBS Group AG boosted its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 984,054 shares of the company's stock after purchasing an additional 74,438 shares during the period. UBS Group AG owned approximately 1.27% of Federated Hermes worth $51,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in FHI. GAMMA Investing LLC lifted its position in shares of Federated Hermes by 8.3% during the fourth quarter. GAMMA Investing LLC now owns 2,734 shares of the company's stock worth $142,000 after purchasing an additional 210 shares during the last quarter. MAI Capital Management boosted its position in Federated Hermes by 86.7% in the 3rd quarter. MAI Capital Management now owns 476 shares of the company's stock valued at $25,000 after buying an additional 221 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Federated Hermes by 0.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,934 shares of the company's stock valued at $3,580,000 after buying an additional 272 shares during the period. Cibc World Market Inc. increased its position in shares of Federated Hermes by 0.3% during the third quarter. Cibc World Market Inc. now owns 115,930 shares of the company's stock worth $6,020,000 after acquiring an additional 331 shares during the period. Finally, CWM LLC boosted its holdings in shares of Federated Hermes by 6.1% in the fourth quarter. CWM LLC now owns 6,538 shares of the company's stock valued at $340,000 after purchasing an additional 376 shares during the period. Institutional investors own 75.94% of the company's stock.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 72,392 shares of the business'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 sale, the vice president owned 263,987 shares in the company, valued at approximately $14,843,989.01. The trade was a 21.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Federated Hermes from a "buy" rating to a "hold" rating in a research report on Saturday. TD Cowen decreased their target price on Federated Hermes from $58.00 to $54.00 and set a "hold" rating for the company in a research report on Monday. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $56.00 target price on shares of Federated Hermes in a research report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their target price on Federated Hermes from $56.00 to $53.00 and set an "underweight" rating for the company in a research report on Monday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Federated Hermes in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $54.50.

Federated Hermes Stock Performance

Shares of FHI stock opened at $55.10 on Wednesday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.89 and a beta of 0.67. The company's 50 day moving average is $56.62 and its 200 day moving average is $53.48. The company has a quick ratio of 2.30, a current ratio of 3.28 and a debt-to-equity ratio of 0.29. Federated Hermes, Inc. has a 52-week low of $41.04 and a 52-week high of $59.05.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.07. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The firm had revenue of $478.96 million for the quarter, compared to the consensus estimate of $475.22 million. During the same quarter in the previous year, the firm earned $1.25 EPS. The company's quarterly revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Federated Hermes, Inc. will post 5.07 EPS for the current fiscal year.

Federated Hermes Increases Dividend

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

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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