Universal Beteiligungs und Servicegesellschaft mbH Acquires 30,036 Shares of Federated Hermes, Inc. $FHI

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Federated Hermes by 16.5%, adding 30,036 shares to hold 211,524 shares (≈0.27% of the company) valued at about $11.05 million at quarter-end.
• VP Paul A. Uhlman sold 72,392 shares on March 12 at an average $56.23, cutting his ownership by 21.52%; insiders still own 4.20% of the stock.
• The stock's consensus rating is a "Hold" with a $55.25 target (2 Buys, 4 Holds, 1 Sell), and the company recently beat quarterly EPS and revenue estimates.

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,524 shares of the company's stock after purchasing an additional 30,036 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.27% of Federated Hermes worth $11,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. MAI Capital Management lifted its stake in shares of Federated Hermes by 86.7% during 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 in the last quarter. Farther Finance Advisors LLC grew its stake in Federated Hermes by 97.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $45,000 after buying an additional 430 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Federated Hermes during the 2nd quarter valued at $56,000. EverSource Wealth Advisors LLC lifted its position in shares of Federated Hermes by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,567 shares of the company's stock worth $69,000 after acquiring an additional 679 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Federated Hermes during the third quarter worth $75,000. Institutional investors own 75.94% of the company's stock.

Analyst Upgrades and Downgrades

FHI has been the subject of several recent research reports. Argus upgraded Federated Hermes to a "hold" rating in a research report on Monday, February 2nd. TD Cowen reissued a "hold" rating on shares of Federated Hermes in a report on Thursday, April 9th. Wall Street Zen upgraded Federated Hermes from a "hold" rating to a "buy" rating in a research note on Saturday, April 4th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Federated Hermes in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $56.00 price target on shares of Federated Hermes in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $55.25.

Insider Activity at Federated Hermes

In related news, VP Paul A. Uhlman sold 72,392 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $56.23, for a total value of $4,070,602.16. Following the transaction, the vice president directly owned 263,987 shares in the company, valued at approximately $14,843,989.01. This represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.20% of the company's stock.

Federated Hermes Trading Down 0.1%

Shares of FHI stock opened at $55.78 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.30 and a current ratio of 2.75. Federated Hermes, Inc. has a 52-week low of $38.35 and a 52-week high of $59.05. The company has a market capitalization of $4.24 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.95 and a beta of 0.67. The business's fifty day moving average is $56.49 and its 200 day moving average is $53.32.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $482.83 million during the quarter, compared to analyst estimates of $468.45 million. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The firm's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company earned $1.04 earnings per share. On average, equities research analysts anticipate that Federated Hermes, Inc. will post 5.08 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, February 6th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 2.4%. Federated Hermes's payout ratio is presently 26.46%.

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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