Dean Investment Associates LLC Purchases 42,921 Shares of Federated Hermes, Inc. (NYSE:FHI)

Dean Investment Associates LLC raised its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,949 shares of the company's stock after purchasing an additional 42,921 shares during the period. Dean Investment Associates LLC owned about 0.13% of Federated Hermes worth $4,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FHI. FMR LLC boosted its holdings in Federated Hermes by 4.5% in the 4th quarter. FMR LLC now owns 5,919,888 shares of the company's stock valued at $243,367,000 after purchasing an additional 253,553 shares during the last quarter. Geode Capital Management LLC raised its position in Federated Hermes by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,282,252 shares of the company's stock worth $52,731,000 after buying an additional 32,070 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Federated Hermes by 53.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock worth $52,493,000 after buying an additional 446,683 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock valued at $37,618,000 after acquiring an additional 145,878 shares during the last quarter. Finally, LSV Asset Management boosted its stake in shares of Federated Hermes by 48.2% during the 4th quarter. LSV Asset Management now owns 870,776 shares of the company's stock worth $35,798,000 after purchasing an additional 283,300 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Evercore ISI lowered their target price on Federated Hermes from $42.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Royal Bank of Canada decreased their target price on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 28th. Finally, UBS Group increased their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $41.17.

Insider Buying and Selling at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes 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 sale, the chief executive officer now owns 179,096 shares of the company's stock, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.80% of the company's stock.

Federated Hermes Trading Up 1.9 %

NYSE FHI traded up $0.70 during trading on Tuesday, reaching $36.95. 219,780 shares of the stock traded hands, compared to its average volume of 729,777. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average price is $38.62 and its 200 day moving average price is $39.61.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes's dividend payout ratio is presently 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.