Federated Hermes, Inc. (NYSE:FHI) Shares Acquired by Factorial Partners LLC

Factorial Partners LLC increased its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,239 shares of the company's stock after acquiring an additional 16,500 shares during the period. Federated Hermes makes up 3.4% of Factorial Partners LLC's investment portfolio, making the stock its 2nd largest holding. Factorial Partners LLC owned about 0.20% of Federated Hermes worth $5,892,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in Federated Hermes by 3.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company's stock worth $336,000 after purchasing an additional 275 shares during the period. UMB Bank n.a. lifted its holdings in Federated Hermes by 26.0% during the second quarter. UMB Bank n.a. now owns 1,436 shares of the company's stock worth $47,000 after acquiring an additional 296 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company's stock valued at $39,000 after purchasing an additional 349 shares in the last quarter. Acadian Asset Management LLC grew its position in Federated Hermes by 23.3% during the second quarter. Acadian Asset Management LLC now owns 3,402 shares of the company's stock valued at $111,000 after buying an additional 643 shares during the period. Finally, James Investment Research Inc. lifted its stake in shares of Federated Hermes by 9.7% in the 3rd quarter. James Investment Research Inc. now owns 7,896 shares of the company's stock valued at $290,000 after acquiring an additional 700 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FHI shares. StockNews.com raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on Federated Hermes from $43.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, November 11th. UBS Group raised their price target on Federated Hermes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. TD Cowen raised Federated Hermes from a "hold" rating to a "buy" rating and lifted their target price for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Finally, Evercore ISI increased their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Federated Hermes presently has an average rating of "Moderate Buy" and a consensus price target of $43.33.

Federated Hermes Stock Up 0.4 %

NYSE FHI traded up $0.15 during trading hours on Wednesday, hitting $41.42. The company had a trading volume of 444,724 shares, compared to its average volume of 710,223. Federated Hermes, Inc. has a fifty-two week low of $31.08 and a fifty-two week high of $42.56. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 1.17 and a beta of 1.15. The firm's 50 day moving average is $38.23 and its 200 day moving average is $35.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. During the same quarter in the previous year, the firm earned $0.86 EPS. The business's quarterly revenue was up 1.4% on a year-over-year basis. Sell-side analysts anticipate that Federated Hermes, Inc. will post 3.88 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes's payout ratio is 39.87%.

Insider Activity

In related news, VP Dolores D. Dudiak sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the transaction, the vice president now directly owns 77,288 shares in the company, valued at approximately $3,083,018.32. The trade was a 6.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction on Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the sale, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $7,138,766.56. This represents a 6.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,280 shares of company stock valued at $1,185,871 in the last quarter. 3.70% of the stock is currently owned by company insiders.

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.