Schroder Investment Management Group Purchases 134,168 Shares of Federated Hermes, Inc. (NYSE:FHI)

Schroder Investment Management Group boosted its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 101.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266,811 shares of the company's stock after buying an additional 134,168 shares during the quarter. Schroder Investment Management Group owned approximately 0.33% of Federated Hermes worth $10,921,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FHI. Amalgamated Bank increased 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 acquiring an additional 313 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 increased its holdings in shares of Federated Hermes by 6.8% in the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock valued at $306,000 after purchasing an additional 474 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Federated Hermes by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company's stock valued at $914,000 after purchasing an additional 560 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Federated Hermes by 60.9% during 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. Institutional investors own 75.94% of the company's stock.

Analysts Set New Price Targets

FHI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated 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. UBS Group increased their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. StockNews.com downgraded Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 1st. Royal Bank of Canada lowered their price objective on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 28th. Finally, Evercore ISI set a $44.00 target price on Federated Hermes in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.17.

Federated Hermes Price Performance

NYSE FHI traded down $0.27 during midday trading on Tuesday, hitting $35.86. The company had a trading volume of 820,736 shares, compared to its average volume of 734,448. The firm has a 50-day moving average price of $38.92 and a 200-day moving average price of $39.55. The company has a market capitalization of $2.92 billion, a PE ratio of 11.24, a P/E/G ratio of 1.00 and a beta of 0.84. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.44% and a return on equity of 30.31%. As a group, analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Friday, February 7th. Federated Hermes's dividend payout ratio is presently 38.87%.

Insider Activity

In other Federated Hermes 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 transaction, the chief executive officer now owns 179,096 shares in the company, valued at $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 SEC, which is available at this link. Corporate 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.