Dynamic Technology Lab Private Ltd Purchases Shares of 14,233 Federated Hermes, Inc. (NYSE:FHI)

Dynamic Technology Lab Private Ltd acquired a new position in Federated Hermes, Inc. (NYSE:FHI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,233 shares of the company's stock, valued at approximately $585,000.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Federated Hermes by 53.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock valued at $52,493,000 after buying an additional 446,683 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Federated Hermes by 51.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 818,408 shares of the company's stock valued at $33,645,000 after buying an additional 278,524 shares in the last quarter. Norges Bank bought a new position in shares of Federated Hermes in the fourth quarter worth about $10,639,000. Brandywine Global Investment Management LLC bought a new position in Federated Hermes in the 4th quarter worth approximately $6,841,000. Finally, Barclays PLC raised its position in shares of Federated Hermes by 228.6% during the third quarter. Barclays PLC now owns 215,650 shares of the company's stock worth $7,930,000 after acquiring an additional 150,017 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. StockNews.com lowered shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Royal Bank of Canada reduced their target price on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a report on Tuesday, January 28th. Finally, Evercore ISI cut their price objective on Federated Hermes from $42.00 to $38.00 and set an "outperform" rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $41.17.

Federated Hermes Stock Performance

NYSE:FHI traded up $0.91 during mid-day trading on Friday, hitting $37.80. 715,920 shares of the stock were exchanged, compared to its average volume of 737,211. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The firm's 50-day simple moving average is $38.75 and its 200 day simple moving average is $39.57. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84.

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

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.28%. The ex-dividend date was Friday, February 7th. Federated Hermes's payout ratio is presently 38.87%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company's 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 transaction, the chief executive officer now owns 179,096 shares of the company's stock, valued at $6,950,715.76. This represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.80% of the company's stock.

About Federated Hermes

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.