Brandywine Global Investment Management LLC Purchases Shares of 166,399 Federated Hermes, Inc. (NYSE:FHI)

Brandywine Global Investment Management LLC purchased a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 166,399 shares of the company's stock, valued at approximately $6,841,000. Brandywine Global Investment Management LLC owned approximately 0.20% of Federated Hermes at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Amalgamated Bank grew its holdings in shares of Federated Hermes by 1.0% during the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company's stock worth $1,341,000 after purchasing an additional 313 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Federated Hermes by 2.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company's stock worth $612,000 after purchasing an additional 340 shares during the period. MBM Wealth Consultants LLC grew its stake in Federated Hermes by 6.8% during the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock worth $306,000 after buying an additional 474 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Federated Hermes by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company's stock valued at $914,000 after buying an additional 560 shares during the period. Finally, GAMMA Investing LLC raised 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 valued at $70,000 after buying an additional 646 shares in the last quarter. Institutional investors own 75.94% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FHI shares. UBS Group increased their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. StockNews.com downgraded Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Evercore ISI set a $44.00 price target on Federated Hermes in a report on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada lowered their target price on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Federated Hermes has a consensus rating of "Hold" and a consensus target price of $42.17.

Federated Hermes Price Performance

FHI stock traded down $2.52 during midday trading on Friday, reaching $36.94. 1,222,324 shares of the stock were exchanged, compared to its average volume of 732,197. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. The company has a fifty day moving average price of $39.11 and a 200 day moving average price of $39.55. 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 $3.00 billion, a PE ratio of 11.58, a P/E/G ratio of 1.00 and a beta of 0.84.

Federated Hermes (NYSE:FHI - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate 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, analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes's dividend payout ratio (DPR) is currently 38.87%.

Insider Activity

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the sale, the chief executive officer now owns 179,096 shares of the company's stock, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.80% of the company's stock.

Federated Hermes Company 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.