Federated Hermes, Inc. (NYSE:FHI) Shares Bought by Kendall Capital Management

Kendall Capital Management grew its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,925 shares of the company's stock after acquiring an additional 7,790 shares during the period. Kendall Capital Management owned about 0.08% of Federated Hermes worth $2,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in Federated Hermes by 53.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock valued at $52,493,000 after purchasing an additional 446,683 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Federated Hermes by 24.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company's stock valued at $28,282,000 after buying an additional 152,926 shares during the period. Barclays PLC lifted its holdings in shares of Federated Hermes by 228.6% in the 3rd quarter. Barclays PLC now owns 215,650 shares of the company's stock valued at $7,930,000 after buying an additional 150,017 shares during the period. FMR LLC boosted its stake in shares of Federated Hermes by 2.5% in the third quarter. FMR LLC now owns 5,666,335 shares of the company's stock worth $208,351,000 after buying an additional 137,245 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Federated Hermes by 387.6% during the third quarter. Victory Capital Management Inc. now owns 159,561 shares of the company's stock worth $5,867,000 after acquiring an additional 126,840 shares during the period. Institutional investors and hedge funds own 75.94% of the company's stock.

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Insider Activity

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FHI. 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 report on Monday, February 3rd. Evercore ISI set a $44.00 target price on shares of Federated Hermes in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft restated 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. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Finally, StockNews.com lowered shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $42.17.

Federated Hermes Price Performance

NYSE FHI traded down $1.23 on Wednesday, hitting $37.68. The company had a trading volume of 1,324,991 shares, compared to its average volume of 776,266. 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 fifty day moving average price is $38.82 and its 200-day moving average price is $38.90. The company has a market capitalization of $3.06 billion, a PE ratio of 11.81, a PEG ratio of 1.00 and a beta of 1.10. Federated Hermes, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. As a group, 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. Shareholders of record on Friday, February 7th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.29%. Federated Hermes's payout ratio is currently 38.87%.

Federated Hermes 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.