Teacher Retirement System of Texas Buys 16,033 Shares of Federated Hermes, Inc. (NYSE:FHI)

Teacher Retirement System of Texas raised its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 264,841 shares of the company's stock after acquiring an additional 16,033 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.32% of Federated Hermes worth $10,888,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FHI. Allspring Global Investments Holdings LLC bought a new stake in shares of Federated Hermes in the 4th quarter valued at about $292,000. Inspire Investing LLC bought a new stake in Federated Hermes in the fourth quarter valued at approximately $829,000. Charles Schwab Investment Management Inc. raised its stake in Federated Hermes by 19.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock valued at $37,618,000 after buying an additional 145,878 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Federated Hermes by 78.5% in the fourth quarter. Sanctuary Advisors LLC now owns 23,046 shares of the company's stock valued at $916,000 after buying an additional 10,135 shares during the last quarter. Finally, Fortis Advisors LLC bought a new position in shares of Federated Hermes during the 4th quarter worth approximately $727,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Federated Hermes Stock Performance

Federated Hermes stock traded up $0.30 during midday trading on Wednesday, hitting $41.51. The company's stock had a trading volume of 816,658 shares, compared to its average volume of 894,992. The company has a 50-day moving average price of $38.77 and a two-hundred day moving average price of $39.26. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 1.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03.

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Federated Hermes (NYSE:FHI - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Friday, February 7th. Federated Hermes's payout ratio is presently 38.87%.

Insider Transactions at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FHI has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated 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 report on Friday, March 21st. UBS Group lifted their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Royal Bank of Canada decreased their price target on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 28th. Finally, Evercore ISI set a $44.00 price objective on shares of Federated Hermes in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $42.17.

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.