Assenagon Asset Management S.A. Boosts Holdings in Federated Hermes, Inc. $FHI

Assenagon Asset Management S.A. raised its holdings in Federated Hermes, Inc. (NYSE:FHI) by 36.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,278 shares of the company’s stock after purchasing an additional 31,240 shares during the period. Assenagon Asset Management S.A. owned 0.15% of Federated Hermes worth $6,055,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MAI Capital Management grew its holdings in 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. Farther Finance Advisors LLC increased its position in Federated Hermes by 97.7% during the third quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock worth $45,000 after buying an additional 430 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Federated Hermes in the second quarter worth $46,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Federated Hermes in the second quarter valued at $56,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Federated Hermes by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,567 shares of the company’s stock valued at $69,000 after acquiring an additional 679 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Federated Hermes

In related news, VP Paul A. Uhlman sold 72,392 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $56.23, for a total value of $4,070,602.16. Following the transaction, the vice president directly owned 263,987 shares of the company’s stock, valued at approximately $14,843,989.01. This trade represents a 21.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by insiders.

Federated Hermes Stock Performance

NYSE FHI opened at $56.06 on Friday. The business’s 50-day moving average price is $55.10 and its 200 day moving average price is $52.66. The company has a current ratio of 2.75, a quick ratio of 2.30 and a debt-to-equity ratio of 0.29. Federated Hermes, Inc. has a twelve month low of $35.05 and a twelve month high of $57.99. The company has a market capitalization of $4.26 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.96 and a beta of 0.73.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The company had revenue of $482.83 million during the quarter, compared to analysts’ expectations of $468.45 million. During the same quarter in the previous year, the business earned $1.04 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. On average, research analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

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

Analyst Upgrades and Downgrades

FHI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research report on Thursday, January 22nd. Zacks Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Wall Street Zen cut shares of Federated Hermes from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Argus upgraded shares of Federated Hermes to a “hold” rating in a report on Monday, February 2nd. Finally, TD Cowen reissued a “hold” rating on shares of Federated Hermes in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.00.

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.