11,217 Shares in Federated Hermes, Inc. (NYSE:FHI) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,217 shares of the company's stock, valued at approximately $461,000.

A number of other institutional investors also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Federated Hermes by 2.5% during the 3rd 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. Bank of New York Mellon Corp increased its stake 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 worth $52,493,000 after acquiring an additional 446,683 shares during the last quarter. Geode Capital Management LLC raised its position in Federated Hermes by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company's stock valued at $45,982,000 after purchasing an additional 92,643 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock valued at $37,618,000 after purchasing an additional 145,878 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Federated Hermes by 13.1% during the 3rd quarter. Two Sigma Advisers LP now owns 787,400 shares of the company's stock worth $28,953,000 after purchasing an additional 90,900 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Stock Down 6.4 %

Shares of Federated Hermes stock traded down $2.52 during trading hours on Friday, reaching $36.94. 1,222,324 shares of the company were exchanged, compared to its average volume of 732,197. The firm has a market cap of $3.00 billion, a PE ratio of 11.58, 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 1 year low of $31.24 and a 1 year high of $43.92. The stock's fifty day moving average is $39.11 and its 200 day moving average is $39.58.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 research analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.36%. Federated Hermes's dividend payout ratio is currently 38.87%.

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FHI shares. UBS Group upped their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed 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. StockNews.com lowered Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, Evercore ISI set a $44.00 price objective on Federated Hermes in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Federated Hermes currently has an average rating of "Hold" and an average target price of $42.17.

About Federated Hermes

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.