JPMorgan Chase & Co. Increases Stake in Federated Hermes, Inc. (NYSE:FHI)

JPMorgan Chase & Co. lifted its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 268,221 shares of the company's stock after buying an additional 16,399 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.33% of Federated Hermes worth $11,027,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FHI. Barclays PLC increased its stake in 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 purchasing an additional 150,017 shares during the period. Geode Capital Management LLC lifted its holdings in Federated Hermes by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company's stock worth $45,982,000 after buying an additional 92,643 shares in the last quarter. Passumpsic Savings Bank purchased a new position in Federated Hermes in the 3rd quarter valued at approximately $206,000. Sanctuary Advisors LLC purchased a new stake in shares of Federated Hermes during the third quarter worth $475,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Federated Hermes in the third quarter valued at $113,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FHI. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. StockNews.com cut shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 1st. Evercore ISI lowered their price target on shares of Federated Hermes from $42.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 11th. UBS Group increased their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada decreased their price objective on shares of 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. One 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. According to MarketBeat.com, Federated Hermes presently has an average rating of "Hold" and an average price target of $41.17.

Federated Hermes Stock Up 0.3 %

Shares of Federated Hermes stock traded up $0.11 during trading hours on Friday, hitting $37.58. The company had a trading volume of 520,289 shares, compared to its average volume of 733,617. 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 company's 50-day moving average is $38.67 and its two-hundred day moving average is $39.56. The company has a market cap of $3.06 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. 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 issued its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) 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%. Analysts anticipate that Federated Hermes, Inc. will post 4.04 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, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes's dividend payout ratio (DPR) is 38.87%.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company's stock in a transaction dated Friday, February 7th. The shares were 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 directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is owned by company insiders.

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.