Campbell & CO Investment Adviser LLC Increases Holdings in Federated Hermes, Inc. $FHI

Campbell & CO Investment Adviser LLC increased its position in Federated Hermes, Inc. (NYSE:FHI) by 73.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,535 shares of the company’s stock after acquiring an additional 13,758 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Federated Hermes were worth $1,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FHI. Manning & Napier Advisors LLC acquired a new stake in Federated Hermes in the third quarter valued at $344,000. State of Alaska Department of Revenue boosted its position in shares of Federated Hermes by 33.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,327 shares of the company’s stock worth $587,000 after buying an additional 2,851 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Federated Hermes by 177.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 208,131 shares of the company’s stock valued at $10,808,000 after acquiring an additional 133,081 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Federated Hermes by 42.1% during the 3rd quarter. Global Retirement Partners LLC now owns 3,335 shares of the company’s stock valued at $173,000 after acquiring an additional 988 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. increased its holdings in Federated Hermes by 30.2% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 4,297 shares of the company’s stock valued at $223,000 after acquiring an additional 996 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Trading Up 1.8%

Shares of FHI opened at $54.38 on Friday. Federated Hermes, Inc. has a fifty-two week low of $35.05 and a fifty-two week high of $54.48. The company has a market capitalization of $4.22 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.56 and a beta of 0.75. The stock has a fifty day moving average of $51.44 and a two-hundred day moving average of $50.96. 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 announced its quarterly earnings data on Thursday, October 30th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $442.67 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.5%. Federated Hermes’s dividend payout ratio is currently 28.39%.

Wall Street Analyst Weigh In

FHI has been the topic of several research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. Zacks Research lowered Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Wall Street Zen raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th. Cowen reissued a “hold” rating on shares of Federated Hermes in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on Federated Hermes from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.20.

Insider Transactions at Federated Hermes

In related news, insider Richard A. Novak sold 1,249 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $59,764.65. Following the completion of the transaction, the insider owned 57,500 shares of the company’s stock, valued at approximately $2,751,375. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 15,000 shares of Federated Hermes stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $48.54, for a total transaction of $728,100.00. Following the completion of the transaction, the chief executive officer owned 157,039 shares in the company, valued at approximately $7,622,673.06. This trade represents a 8.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,709 shares of company stock worth $1,049,146 in the last three months. Company insiders own 3.80% 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.