Capital Fund Management S.A. Has $1.79 Million Holdings in Federated Hermes, Inc. $FHI

Capital Fund Management S.A. boosted its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 143.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,352 shares of the company’s stock after purchasing an additional 23,786 shares during the period. Capital Fund Management S.A. owned 0.05% of Federated Hermes worth $1,788,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FHI. AdvisorNet Financial Inc bought a new stake in shares of Federated Hermes during the second quarter worth $44,000. Elevation Point Wealth Partners LLC acquired a new position in Federated Hermes during the 2nd quarter worth about $46,000. Northwestern Mutual Wealth Management Co. grew its holdings in Federated Hermes by 22.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company’s stock worth $63,000 after acquiring an additional 287 shares during the last quarter. Virtus Advisers LLC bought a new stake in Federated Hermes during the 1st quarter worth about $72,000. Finally, GAMMA Investing LLC increased its position in Federated Hermes by 21.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,283 shares of the company’s stock valued at $101,000 after acquiring an additional 401 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Insider Activity

In related news, CEO Saker Anwar Nusseibeh sold 4,461 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $213,458.85. Following the completion of the transaction, the chief executive officer owned 161,578 shares in the company, valued at approximately $7,731,507.30. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dolores D. Dudiak sold 999 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total transaction of $47,822.13. Following the completion of the sale, the vice president directly owned 88,223 shares of the company’s stock, valued at $4,223,235.01. The trade was a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,709 shares of company stock valued at $1,049,146 in the last ninety days. 3.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FHI shares. Zacks Research upgraded shares of Federated Hermes from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada boosted their price objective on shares of Federated Hermes from $45.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 14th. Evercore ISI increased their price objective on Federated Hermes from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Federated Hermes has an average rating of “Moderate Buy” and an average target price of $49.67.

Federated Hermes Price Performance

FHI opened at $50.60 on Thursday. The company has a fifty day moving average price of $50.22 and a two-hundred day moving average price of $48.73. The firm has a market capitalization of $3.92 billion, a PE ratio of 10.56, a P/E/G ratio of 0.53 and a beta of 0.76. Federated Hermes, Inc. has a 52 week low of $35.05 and a 52 week high of $54.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.58 and a current ratio of 3.13.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.23. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%.The business had revenue of $469.45 million for the quarter, compared to analyst estimates of $442.67 million. During the same period last year, the company earned $1.06 EPS. The firm’s revenue was up 14.9% on a year-over-year basis. As a group, analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, November 7th. Federated Hermes’s payout ratio is presently 28.39%.

Federated Hermes Company Profile

Federated Hermes, Inc is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.