Grantham Mayo Van Otterloo & Co. LLC Purchases 54,174 Shares of Federated Hermes, Inc. (NYSE:FHI)

Grantham Mayo Van Otterloo & Co. LLC increased its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 96.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 110,211 shares of the company's stock after purchasing an additional 54,174 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.13% of Federated Hermes worth $4,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Federated Hermes in the fourth quarter worth approximately $292,000. Inspire Investing LLC purchased a new position in shares of Federated Hermes during the 4th quarter valued at $829,000. Charles Schwab Investment Management Inc. boosted its holdings in Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock worth $37,618,000 after buying an additional 145,878 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Federated Hermes in the 4th quarter worth $461,000. Finally, Sanctuary Advisors LLC raised its holdings in Federated Hermes by 78.5% during the fourth quarter. Sanctuary Advisors LLC now owns 23,046 shares of the company's stock valued at $916,000 after acquiring an additional 10,135 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's stock in a transaction on Friday, February 7th. The stock was 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 in the company, valued at $6,950,715.76. This trade 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 available through this hyperlink. 3.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FHI has been the subject of a number of recent analyst reports. UBS Group upped their price objective 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. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Evercore ISI dropped their target price on shares of Federated Hermes from $42.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Royal Bank of Canada reduced 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 report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.17.

Federated Hermes Price Performance

Shares of NYSE FHI traded up $0.91 during midday trading on Friday, reaching $37.80. 715,920 shares of the stock traded hands, compared to its average volume of 737,164. The company's 50 day moving average is $38.75 and its 200 day moving average is $39.55. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. 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 stock has a market capitalization of $3.07 billion, a PE ratio of 11.85, a P/E/G ratio of 1.00 and a beta of 0.84.

Federated Hermes (NYSE:FHI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.28%. Federated Hermes's dividend payout ratio is currently 38.87%.

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.