Assenagon Asset Management S.A. Has $32.07 Million Stock Holdings in Federated Hermes, Inc. (NYSE:FHI)

Assenagon Asset Management S.A. decreased its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 23.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 872,190 shares of the company's stock after selling 270,002 shares during the quarter. Assenagon Asset Management S.A. owned 1.04% of Federated Hermes worth $32,070,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of Federated Hermes by 267.9% during the 2nd quarter. SG Americas Securities LLC now owns 26,820 shares of the company's stock worth $882,000 after acquiring an additional 19,530 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Federated Hermes during the 1st quarter worth $1,419,000. Ontario Teachers Pension Plan Board lifted its position in shares of Federated Hermes by 103.0% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 58,726 shares of the company's stock worth $2,121,000 after buying an additional 29,793 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Federated Hermes in the first quarter valued at about $1,542,000. Finally, BNP Paribas Financial Markets grew its position in Federated Hermes by 69.3% in the first quarter. BNP Paribas Financial Markets now owns 36,615 shares of the company's stock valued at $1,323,000 after acquiring an additional 14,987 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. StockNews.com upgraded shares of Federated Hermes from a "hold" rating to a "buy" rating in a research note on Friday, October 4th. Evercore ISI raised their target price on shares of Federated Hermes from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. TD Cowen lowered their price target on shares of Federated Hermes from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, July 29th. Royal Bank of Canada raised their price objective on Federated Hermes from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. Finally, UBS Group upped their target price on Federated Hermes from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Federated Hermes has an average rating of "Moderate Buy" and an average target price of $38.80.

Federated Hermes Trading Up 0.1 %

NYSE FHI traded up $0.03 on Friday, reaching $38.63. The company had a trading volume of 1,204,221 shares, compared to its average volume of 478,199. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 1.18 and a beta of 1.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.75 and a quick ratio of 2.09. Federated Hermes, Inc. has a fifty-two week low of $30.23 and a fifty-two week high of $40.29. The business has a 50 day moving average of $35.84 and a two-hundred day moving average of $34.22.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.14. The company had revenue of $408.46 million during the quarter, compared to analysts' expectations of $410.26 million. Federated Hermes had a return on equity of 28.60% and a net margin of 15.90%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Analysts forecast that Federated Hermes, Inc. will post 3.68 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 3.21%. Federated Hermes's payout ratio is 42.61%.

Insider Transactions at Federated Hermes

In other news, VP John B. Fisher sold 79,830 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.71, for a total transaction of $2,611,239.30. Following the completion of the sale, the vice president now directly owns 442,570 shares in the company, valued at $14,476,464.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.70% of the company's stock.

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.