LiveOne doubles bitcoin holdings to over $4 million
Federated Hermes, Inc. (NYSE:FHI), a $3.04 billion asset management firm trading at a P/E ratio of 12.07, saw Vice President Theodore W. Zierden III execute a sale of 4,082 shares of Class B Common Stock. The transaction, which took place on March 4, 2025, was conducted at an average price of $37.4929 per share, totaling approximately $153,046. This sale was reported in a recent SEC filing, where it was noted that the transaction was made to satisfy tax obligations arising from the vesting of restricted shares. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics.
Following this sale, Zierden’s direct holdings in Federated Hermes amount to 127,239 shares. Additionally, on March 5, 2025, Zierden acquired 10,338 shares at no cost, increasing his total holdings to 137,577 shares.
The transactions highlight the ongoing management of equity positions by company executives, a common practice for managing personal financial obligations and portfolio diversification.
In other recent news, Federated Hermes Inc. reported a robust performance for Q4 2024, exceeding analyst expectations with earnings per share of $1.04, compared to the forecasted $0.98. The company’s revenue also surpassed projections, reaching $424.68 million, slightly above the anticipated $420.32 million. Despite these strong financial results, JPMorgan analysts downgraded Federated Hermes from a Neutral to an Underweight rating, citing concerns over governance issues and slower organic growth. The analysts noted that while there is modest upside potential, the company’s long-term performance may lag behind its peers.
Federated Hermes achieved record assets under management of $830 billion, largely driven by money market assets, which hit $630 billion. The firm expanded its product offerings by launching new ETFs and a collective fund, indicating a strategic move to diversify its portfolio. However, governance concerns were highlighted, particularly the low stock ownership by the CEO, which analysts believe may not align with shareholder interests. The company does not plan to address these governance issues, according to the analysts.
Looking forward, Federated Hermes anticipates continued growth in its money market and alternative strategies, supported by a favorable interest rate environment. The firm has begun 2025 with $3.7 billion in net institutional mandates yet to fund, with expected net additions in equities and private market strategies. Despite the positive outlook for cash as an asset class, the company’s stock experienced a decline in after-hours trading, reflecting investor caution amid broader market dynamics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.