Sanctuary Advisors LLC Makes New $778,000 Investment in Federated Hermes, Inc. $FHI

Sanctuary Advisors LLC bought a new position in Federated Hermes, Inc. (NYSE:FHI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,711 shares of the company’s stock, valued at approximately $778,000.

Other large investors have also made changes to their positions in the company. Burney Co. raised its stake in Federated Hermes by 61.8% during the 4th quarter. Burney Co. now owns 218,661 shares of the company’s stock valued at $11,386,000 after purchasing an additional 83,529 shares during the period. LSV Asset Management lifted its holdings in shares of Federated Hermes by 20.4% in the fourth quarter. LSV Asset Management now owns 2,890,276 shares of the company’s stock valued at $150,497,000 after purchasing an additional 489,275 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Federated Hermes by 36.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 116,278 shares of the company’s stock worth $6,055,000 after buying an additional 31,240 shares during the period. Vestcor Inc grew its holdings in shares of Federated Hermes by 32.6% during the fourth quarter. Vestcor Inc now owns 432,900 shares of the company’s stock valued at $22,541,000 after buying an additional 106,377 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of Federated Hermes by 19.4% during the fourth quarter. Brandywine Global Investment Management LLC now owns 177,533 shares of the company’s stock valued at $9,244,000 after buying an additional 28,854 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Stock Performance

Shares of FHI stock opened at $57.83 on Monday. Federated Hermes, Inc. has a fifty-two week low of $46.66 and a fifty-two week high of $60.77. The stock’s 50-day moving average is $57.18 and its two-hundred day moving average is $56.03. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.28 and a quick ratio of 2.73. The firm has a market cap of $4.39 billion, a P/E ratio of 11.21, a PEG ratio of 1.56 and a beta of 0.65.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.07. The business had revenue of $478.96 million during the quarter, compared to analyst estimates of $475.22 million. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.The firm’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 EPS. Analysts predict that Federated Hermes, Inc. will post 5.24 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.6%. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. Federated Hermes’s dividend payout ratio is presently 29.46%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Evercore reissued an “outperform” rating and issued a $59.00 price objective on shares of Federated Hermes in a research note on Monday, June 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research report on Friday, July 17th. Wall Street Zen cut shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Royal Bank Of Canada boosted their price objective on shares of Federated Hermes from $54.00 to $57.00 and gave the company a “sector perform” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Federated Hermes currently has an average rating of “Hold” and a consensus target price of $55.75.

Insider Buying and Selling

In other Federated Hermes news, VP Bryan M. Burke sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $54.20, for a total value of $216,800.00. Following the completion of the sale, the vice president directly owned 74,921 shares of the company’s stock, valued at $4,060,718.20. The trade was a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $57.34, for a total transaction of $513,193.00. Following the transaction, the chief executive officer owned 151,276 shares in the company, valued at approximately $8,674,165.84. This trade represents a 5.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is owned by insiders.

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.