Federated Hermes, Inc. (NYSE:FHI) Shares Acquired by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lifted its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,888,263 shares of the company's stock after buying an additional 63,664 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.31% of Federated Hermes worth $77,626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Walleye Capital LLC increased its stake in Federated Hermes by 4.1% in the fourth quarter. Walleye Capital LLC now owns 6,877 shares of the company's stock valued at $283,000 after purchasing an additional 269 shares during the last quarter. Amalgamated Bank grew its holdings in Federated Hermes by 1.0% in the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company's stock valued at $1,341,000 after buying an additional 313 shares during the period. MBM Wealth Consultants LLC lifted its holdings in shares of Federated Hermes by 6.8% during the 4th quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock worth $306,000 after acquiring an additional 474 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Federated Hermes by 4.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,324 shares of the company's stock worth $424,000 after acquiring an additional 474 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted 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 worth $914,000 after acquiring an additional 560 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Stock Down 0.6 %

Shares of NYSE:FHI traded down $0.25 during mid-day trading on Monday, hitting $39.85. 1,189,540 shares of the company traded hands, compared to its average volume of 732,474. The firm's 50 day simple moving average is $38.60 and its 200 day simple moving average is $39.67. The firm has a market cap of $3.24 billion, a P/E ratio of 12.49, a PEG ratio of 1.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.19. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The business had revenue of $423.54 million during the quarter, compared to the consensus estimate of $425.43 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The business's quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Thursday, May 8th. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio (DPR) is 38.87%.

Insider Buying and Selling at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company'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 sale, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 1st. Royal Bank of Canada cut their target price 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. UBS Group lifted their price objective on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, Evercore ISI increased their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Federated Hermes has a consensus rating of "Hold" and an average target price of $41.67.

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.