Three Seasons Wealth LLC Buys New Shares in Federated Hermes, Inc. (NYSE:FHI)

Three Seasons Wealth LLC bought a new stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,159 shares of the company's stock, valued at approximately $500,000.

A number of other large investors also recently added to or reduced their stakes in the business. FMR LLC lifted its position in Federated Hermes by 4.5% during the 4th quarter. FMR LLC now owns 5,919,888 shares of the company's stock valued at $243,367,000 after purchasing an additional 253,553 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Federated Hermes by 3.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,263 shares of the company's stock valued at $77,626,000 after acquiring an additional 63,664 shares during the period. Geode Capital Management LLC raised its position in shares of Federated Hermes by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,282,252 shares of the company's stock valued at $52,731,000 after acquiring an additional 32,070 shares during the period. Bank of New York Mellon Corp raised its position in shares of Federated Hermes by 53.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock valued at $52,493,000 after acquiring an additional 446,683 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 145,878 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's stock in a transaction on Friday, February 7th. The shares were 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 trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.80% of the company's stock.

Federated Hermes Stock Down 0.6 %

FHI stock traded down $0.25 during mid-day trading on Monday, hitting $39.85. 1,190,647 shares of the company were exchanged, compared to its average volume of 732,474. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The firm has a market cap of $3.24 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.00 and a beta of 0.84. The firm's 50 day simple moving average is $38.60 and its 200 day simple moving average is $39.67. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.19. The company had revenue of $423.54 million during the quarter, compared to analysts' expectations of $425.43 million. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. On average, sell-side analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.34 per share. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, May 8th. Federated Hermes's dividend payout ratio (DPR) is currently 38.87%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Evercore ISI increased their price target on shares of Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday. StockNews.com downgraded shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 1st. UBS Group increased their price target 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. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $43.00 target price (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $41.67.

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.