Elo Mutual Pension Insurance Co Buys 10,115 Shares of Federated Hermes, Inc. $FHI

Elo Mutual Pension Insurance Co boosted its stake in Federated Hermes, Inc. (NYSE:FHI) by 32.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,040 shares of the company’s stock after acquiring an additional 10,115 shares during the period. Elo Mutual Pension Insurance Co owned 0.05% of Federated Hermes worth $2,131,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Federated Hermes in the 3rd quarter worth approximately $75,000. Handelsbanken Fonder AB increased its position in Federated Hermes by 68.8% in the third quarter. Handelsbanken Fonder AB now owns 36,053 shares of the company’s stock worth $1,872,000 after buying an additional 14,700 shares during the last quarter. Hohimer Wealth Management LLC bought a new stake in shares of Federated Hermes in the third quarter valued at $213,000. MAI Capital Management lifted its position 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 during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Federated Hermes by 411.1% during the 3rd quarter. TD Asset Management Inc now owns 55,200 shares of the company’s stock worth $2,867,000 after acquiring an additional 44,400 shares during the period. 75.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

FHI has been the topic of a number of research reports. Wall Street Zen cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. TD Cowen reissued a “hold” rating on shares of Federated Hermes in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a report on Thursday, January 22nd. Zacks Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $55.00 target price (up from $54.00) on shares of Federated Hermes in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.00.

Federated Hermes Price Performance

FHI stock opened at $57.18 on Thursday. The firm has a 50 day moving average of $53.97 and a 200-day moving average of $52.28. The firm has a market capitalization of $4.43 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 0.55 and a beta of 0.73. Federated Hermes, Inc. has a 12 month low of $35.05 and a 12 month high of $57.33. The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 0.29.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, January 29th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $482.83 million for the quarter, compared to analysts’ expectations of $468.45 million. Federated Hermes had a net margin of 22.40% and a return on equity of 34.25%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. As a group, sell-side analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were paid 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 yield of 2.4%. Federated Hermes’s dividend payout ratio (DPR) is currently 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.