Anchyra Partners LLC Makes New Investment in Federated Hermes, Inc. $FHI

Anchyra Partners LLC acquired a new stake in Federated Hermes, Inc. (NYSE:FHI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,616 shares of the company’s stock, valued at approximately $605,000.

Other institutional investors have also recently made changes to their positions in the company. Schneider Downs Wealth Management Advisors LP raised its stake in shares of Federated Hermes by 3,229.0% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,657,263 shares of the company’s stock valued at $137,992,000 after buying an additional 2,577,442 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Federated Hermes by 2,410.2% during the 3rd quarter. Victory Capital Management Inc. now owns 779,492 shares of the company’s stock worth $40,479,000 after purchasing an additional 748,439 shares during the period. Invesco Ltd. increased its holdings in shares of Federated Hermes by 29.6% during the 3rd quarter. Invesco Ltd. now owns 2,939,908 shares of the company’s stock valued at $152,669,000 after purchasing an additional 670,643 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Federated Hermes by 2,427.2% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 527,368 shares of the company’s stock valued at $27,386,000 after purchasing an additional 506,500 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Federated Hermes by 20.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,978,885 shares of the company’s stock valued at $132,024,000 after purchasing an additional 498,202 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insider Activity

In related news, VP Paul A. Uhlman sold 72,392 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $56.23, for a total transaction of $4,070,602.16. Following the completion of the sale, the vice president directly owned 263,987 shares in the company, valued at approximately $14,843,989.01. The trade was a 21.52% 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 the SEC website. 4.20% of the stock is owned by corporate insiders.

Federated Hermes Stock Down 0.1%

FHI stock opened at $55.78 on Monday. Federated Hermes, Inc. has a 52 week low of $38.35 and a 52 week high of $59.05. The company has a quick ratio of 2.30, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The firm has a 50-day simple moving average of $56.49 and a 200-day simple moving average of $53.32. The stock has a market capitalization of $4.24 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.95 and a beta of 0.67.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, January 29th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Federated Hermes had a net margin of 22.40% and a return on equity of 34.25%. The firm had revenue of $482.83 million for the quarter, compared to analyst estimates of $468.45 million. During the same period last year, the company posted $1.04 EPS. Federated Hermes’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities analysts forecast that Federated Hermes, Inc. will post 5.08 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, February 6th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.4%. Federated Hermes’s payout ratio is currently 26.46%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a report on Tuesday, April 21st. Royal Bank Of Canada restated a “sector perform” rating and set a $56.00 target price on shares of Federated Hermes in a research report on Tuesday, April 21st. TD Cowen reaffirmed a “hold” rating on shares of Federated Hermes in a report on Thursday, April 9th. Argus upgraded Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. lowered Federated Hermes from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $55.00 to $56.00 in a report on Thursday, April 16th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.25.

Federated Hermes Company 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.