MBM Wealth Consultants LLC Acquires 474 Shares of Federated Hermes, Inc. (NYSE:FHI)

22 Jan 2025, 13:31 by Danessa Lincoln · The Markets Daily

MBM Wealth Consultants LLC boosted its holdings in Federated Hermes, Inc. (NYSE:FHI – Free Report) by 6.8% during the fourth quarter, Holdings Channel reports. The fund owned 7,479 shares of the company’s stock after purchasing an additional 474 shares during the period. MBM Wealth Consultants LLC’s holdings in Federated Hermes were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in Federated Hermes by 88.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock valued at $87,866,000 after purchasing an additional 1,261,097 shares during the period. AXA S.A. acquired a new position in shares of Federated Hermes during the 2nd quarter worth approximately $6,200,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Federated Hermes by 24.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock worth $28,282,000 after purchasing an additional 152,926 shares during the period. Barclays PLC raised its position in shares of Federated Hermes by 228.6% in the third quarter. Barclays PLC now owns 215,650 shares of the company’s stock valued at $7,930,000 after buying an additional 150,017 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Federated Hermes by 102.7% in the second quarter. Bank of Montreal Can now owns 282,995 shares of the company’s stock valued at $9,308,000 after buying an additional 143,363 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insiders Place Their Bets

In other news, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the transaction, the vice president now owns 77,288 shares in the company, valued at approximately $3,083,018.32. This represents a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul A. Uhlman sold 6,311 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total value of $261,212.29. Following the transaction, the vice president now directly owns 310,767 shares in the company, valued at approximately $12,862,646.13. This trade represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,280 shares of company stock worth $1,185,871. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

FHI has been the subject of several analyst reports. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $46.00 in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Royal Bank of Canada raised their target price on shares of Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $42.00 price target (down previously from $49.00) on shares of Federated Hermes in a report on Tuesday, January 7th. Finally, UBS Group increased their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.17.

Read Our Latest Stock Analysis on FHI

Federated Hermes Stock Performance

Shares of FHI stock opened at $38.34 on Wednesday. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.40 and a beta of 1.16. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The business’s 50-day moving average price is $41.16 and its 200-day moving average price is $37.68. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92.

Federated Hermes (NYSE:FHI – Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 EPS. Equities research analysts forecast that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.23%. Federated Hermes’s dividend payout ratio (DPR) is currently 39.87%.

Federated Hermes Company Profile

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