Arrowstreet Capital Limited Partnership Grows Holdings in Federated Hermes, Inc. (NYSE:FHI)

Arrowstreet Capital Limited Partnership increased its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 51.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 818,408 shares of the company's stock after purchasing an additional 278,524 shares during the period. Arrowstreet Capital Limited Partnership owned 1.00% of Federated Hermes worth $33,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FHI. R Squared Ltd bought a new stake in Federated Hermes during the fourth quarter valued at about $43,000. Sound Income Strategies LLC purchased a new stake in shares of Federated Hermes during the fourth quarter valued at about $53,000. Neo Ivy Capital Management bought a new stake in shares of Federated Hermes in the 3rd quarter valued at about $60,000. GAMMA Investing LLC grew its position in shares of Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock worth $70,000 after buying an additional 646 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Federated Hermes by 112.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company's stock worth $109,000 after acquiring an additional 1,400 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on FHI. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. StockNews.com cut Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 1st. UBS Group upped their target price on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Finally, Evercore ISI set a $44.00 price objective on shares of Federated Hermes in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Federated Hermes has a consensus rating of "Hold" and a consensus target price of $42.17.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Federated Hermes Stock Performance

Federated Hermes stock traded down $0.73 during trading hours on Monday, hitting $36.15. 1,204,420 shares of the stock traded hands, compared to its average volume of 734,079. The firm's 50 day moving average price is $39.06 and its 200-day moving average price is $39.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 1.00 and a beta of 0.84. Federated Hermes, Inc. has a 1 year low of $31.24 and a 1 year high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. As a group, equities analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.43%. Federated Hermes's payout ratio is currently 38.87%.

Federated Hermes Profile

Federated Hermes, Inc is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.