Federated Hermes, Inc. (NYSE:FHI) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group raised its stake in Federated Hermes, Inc. (NYSE:FHI) by 101.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266,811 shares of the company’s stock after purchasing an additional 134,168 shares during the period. Schroder Investment Management Group’s holdings in Federated Hermes were worth $10,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its position in shares of Federated Hermes by 1.0% in the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock valued at $1,341,000 after purchasing an additional 313 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Federated Hermes by 2.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock valued at $612,000 after buying an additional 340 shares during the last quarter. MBM Wealth Consultants LLC boosted its holdings in shares of Federated Hermes by 6.8% in the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock valued at $306,000 after acquiring an additional 474 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Federated Hermes by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company’s stock worth $914,000 after acquiring an additional 560 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Federated Hermes by 60.9% in 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. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction on 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 transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FHI. UBS Group increased their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note 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. JPMorgan Chase & Co. restated an “underweight” rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.17.

Federated Hermes Stock Performance

NYSE FHI opened at $39.47 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $39.15 and its two-hundred day moving average is $39.52. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.00 and a beta of 0.84. Federated Hermes, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, January 30th. The company reported $1.04 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%. Research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is 38.87%.

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.