Federated Hermes, Inc. $FHI Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC grew its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 22.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,312 shares of the company’s stock after acquiring an additional 13,185 shares during the period. Corient Private Wealth LLC owned about 0.09% of Federated Hermes worth $3,205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Texas Permanent School Fund Corp increased its stake in Federated Hermes by 36.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 53,343 shares of the company’s stock valued at $2,364,000 after purchasing an additional 14,123 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Federated Hermes by 1,480.5% in the second quarter. Osaic Holdings Inc. now owns 16,817 shares of the company’s stock valued at $745,000 after purchasing an additional 15,753 shares during the last quarter. Cim Investment Management Inc. increased its position in shares of Federated Hermes by 100.7% in the second quarter. Cim Investment Management Inc. now owns 14,004 shares of the company’s stock valued at $598,000 after buying an additional 7,028 shares in the last quarter. State of Wyoming raised its stake in shares of Federated Hermes by 6.2% during the 2nd quarter. State of Wyoming now owns 7,532 shares of the company’s stock worth $334,000 after buying an additional 438 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Federated Hermes during the 2nd quarter worth $76,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Buying and Selling at Federated Hermes

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 value of $213,458.85. Following the completion of the sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dolores D. Dudiak sold 999 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $47.87, for a total transaction of $47,822.13. Following the transaction, the vice president directly owned 88,223 shares of the company’s stock, valued at $4,223,235.01. This trade represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,709 shares of company stock worth $1,049,146 in the last 90 days. 3.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on FHI. TD Cowen increased their price objective on shares of Federated Hermes from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Zacks Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. raised their price objective on shares of Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Wall Street Zen lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $49.67.

Federated Hermes Stock Down 0.4%

FHI stock opened at $52.71 on Monday. The company has a 50 day moving average price of $50.20 and a two-hundred day moving average price of $49.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.58 and a current ratio of 3.13. The stock has a market capitalization of $4.09 billion, a P/E ratio of 11.00, a PEG ratio of 0.56 and a beta of 0.76. Federated Hermes, Inc. has a one year low of $35.05 and a one year high of $54.42.

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

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were issued a $0.34 dividend. The ex-dividend date was Friday, November 7th. This represents a $1.36 annualized dividend and a yield of 2.6%. Federated Hermes’s payout ratio is 28.39%.

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.