AlphaQuest LLC Has $3.45 Million Holdings in Federated Hermes, Inc. $FHI

AlphaQuest LLC lifted its position in Federated Hermes, Inc. (NYSE:FHI) by 69.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,373 shares of the company’s stock after purchasing an additional 27,266 shares during the quarter. AlphaQuest LLC owned 0.09% of Federated Hermes worth $3,447,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of Federated Hermes by 97.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $45,000 after acquiring an additional 430 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Federated Hermes in the second quarter worth about $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Federated Hermes in the second quarter worth about $56,000. EverSource Wealth Advisors LLC lifted its stake in Federated Hermes by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,567 shares of the company’s stock worth $69,000 after purchasing an additional 679 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Federated Hermes during the second quarter valued at approximately $76,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Activity

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 15,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $48.54, for a total transaction of $728,100.00. Following the transaction, the chief executive officer directly owned 157,039 shares in the company, valued at approximately $7,622,673.06. This represents a 8.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard A. Novak sold 1,249 shares of the firm’s stock in a transaction dated 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 directly owned 57,500 shares in the company, valued at $2,751,375. This trade represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,709 shares of company stock valued at $1,049,146 over the last 90 days. 3.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FHI shares. Wall Street Zen raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research note on Thursday, January 22nd. TD Cowen restated a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th. JPMorgan Chase & Co. upped their target price on shares of Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Finally, Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.20.

Federated Hermes Stock Performance

Shares of Federated Hermes stock opened at $53.07 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.13 and a quick ratio of 2.58. The firm has a 50 day simple moving average of $52.28 and a 200 day simple moving average of $51.41. Federated Hermes, Inc. has a fifty-two week low of $35.05 and a fifty-two week high of $55.13. The firm has a market cap of $4.12 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.55 and a beta of 0.75.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data 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 firm had revenue of $482.83 million for the quarter, compared to the consensus estimate of $468.45 million. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%. Sell-side analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

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.