LSV Asset Management Grows Stock Position in Federated Hermes, Inc. (NYSE:FHI)

LSV Asset Management lifted its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 48.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 870,776 shares of the company's stock after acquiring an additional 283,300 shares during the quarter. LSV Asset Management owned 1.06% of Federated Hermes worth $35,798,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FHI shares. JPMorgan Chase & Co. reissued an "underweight" rating and set a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. StockNews.com lowered shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 1st. Royal Bank of Canada lowered their price objective 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Finally, Evercore ISI reduced their price target on Federated Hermes from $42.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.17.

Federated Hermes Trading Up 0.9 %

FHI stock traded up $0.34 during trading on Thursday, reaching $37.81. The company had a trading volume of 130,652 shares, compared to its average volume of 732,742. The business has a 50 day moving average of $38.68 and a 200 day moving average of $39.55. 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 has a market cap of $3.07 billion, a P/E ratio of 11.83, a PEG ratio of 1.00 and a beta of 0.84. 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, 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, sell-side analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Friday, February 7th. Federated Hermes's dividend payout ratio (DPR) is presently 38.87%.

Insider Transactions at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 179,096 shares in the company, valued at $6,950,715.76. This represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.80% of the company's stock.

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.