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

FMR LLC lifted its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,919,888 shares of the company's stock after buying an additional 253,553 shares during the quarter. FMR LLC owned about 7.24% of Federated Hermes worth $243,367,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Federated Hermes during the 4th quarter valued at approximately $43,000. Sound Income Strategies LLC purchased a new position in Federated Hermes during the fourth quarter valued at $53,000. Neo Ivy Capital Management bought a new position in shares of Federated Hermes during the 3rd quarter valued at about $60,000. GAMMA Investing LLC lifted its position in shares of Federated Hermes by 60.9% in the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock worth $70,000 after buying an additional 646 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Federated Hermes in the fourth quarter valued at $73,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Stock Up 0.6 %

Shares of Federated Hermes stock traded up $0.22 during trading on Thursday, reaching $37.69. The company's stock had a trading volume of 71,916 shares, compared to its average volume of 732,537. 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 $3.06 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 1.00 and a beta of 0.84. 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 company has a 50-day simple moving average of $38.68 and a two-hundred day simple moving average of $39.55.

Federated Hermes (NYSE:FHI - Get Free Report) last announced 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%. As a group, equities analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The business 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 3.29%. The ex-dividend date was Friday, February 7th. Federated Hermes's dividend payout ratio is currently 38.87%.

Insider Buying and Selling at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business's stock in a transaction on 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FHI. StockNews.com lowered Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Evercore ISI reduced their target price on shares of Federated Hermes from $42.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada dropped their price target on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 28th. Finally, UBS Group upped their target price on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Federated Hermes currently has a consensus rating of "Hold" and an average target price of $41.17.

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.