Grantham Mayo Van Otterloo & Co. LLC Grows Position in Federated Hermes, Inc. (NYSE:FHI)

Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 96.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,211 shares of the company’s stock after acquiring an additional 54,174 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Federated Hermes were worth $4,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FHI. Allspring Global Investments Holdings LLC purchased a new position in shares of Federated Hermes during the fourth quarter valued at about $292,000. Inspire Investing LLC bought a new stake in Federated Hermes in the 4th quarter worth approximately $829,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Federated Hermes by 19.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock worth $37,618,000 after acquiring an additional 145,878 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Federated Hermes by 78.5% during the 4th quarter. Sanctuary Advisors LLC now owns 23,046 shares of the company’s stock valued at $916,000 after acquiring an additional 10,135 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Federated Hermes in the fourth quarter valued at $461,000. 75.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the 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 transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group increased their price objective 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. StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 1st. Evercore ISI set a $44.00 price objective on Federated Hermes in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada cut their target price on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Federated Hermes currently has an average rating of “Hold” and a consensus target price of $42.17.

Federated Hermes Stock Down 6.4 %

Shares of NYSE:FHI opened at $36.94 on Monday. 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 business has a 50 day simple moving average of $39.11 and a two-hundred day simple moving average of $39.58. Federated Hermes, Inc. has a 1 year low of $31.24 and a 1 year high of $43.92. The firm has a market capitalization of $3.00 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating 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%. On average, equities analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s payout ratio is presently 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.