Federated Hermes, Inc. (NYSE:FHI) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC grew its position in Federated Hermes, Inc. (NYSE:FHI) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,258 shares of the company’s stock after acquiring an additional 584 shares during the quarter. DGS Capital Management LLC’s holdings in Federated Hermes were worth $313,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Federated Hermes by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,492 shares of the company’s stock worth $1,209,000 after purchasing an additional 3,384 shares during the last quarter. BlackRock Inc. raised its stake in shares of Federated Hermes by 3.7% during the first quarter. BlackRock Inc. now owns 13,001,719 shares of the company’s stock worth $442,838,000 after purchasing an additional 466,504 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Federated Hermes by 3.0% during the first quarter. Yousif Capital Management LLC now owns 51,532 shares of the company’s stock worth $1,755,000 after purchasing an additional 1,490 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Federated Hermes by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,250,041 shares of the company’s stock worth $76,638,000 after purchasing an additional 40,797 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Federated Hermes by 313.0% during the first quarter. Sei Investments Co. now owns 49,005 shares of the company’s stock worth $1,671,000 after purchasing an additional 37,140 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Trading Up 0.4 %

Shares of FHI stock opened at $35.21 on Wednesday. Federated Hermes, Inc. has a fifty-two week low of $30.23 and a fifty-two week high of $45.55. The stock has a market cap of $2.97 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.83 and a beta of 1.12. The business has a fifty day simple moving average of $35.68 and a 200-day simple moving average of $34.04. The company has a quick ratio of 1.89, a current ratio of 2.51 and a debt-to-equity ratio of 0.31.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Friday, January 26th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.12. Federated Hermes had a return on equity of 26.76% and a net margin of 18.58%. The business had revenue of $391.50 million during the quarter, compared to analysts’ expectations of $396.97 million. During the same quarter last year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts forecast that Federated Hermes, Inc. will post 3.73 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Wednesday, February 7th. Federated Hermes’s dividend payout ratio is currently 32.84%.

Insider Activity

In related news, VP Meter Stephen Van sold 1,660 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $36.15, for a total transaction of $60,009.00. Following the sale, the vice president now owns 31,689 shares of the company’s stock, valued at $1,145,557.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Paul A. Uhlman sold 90,745 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the sale, the vice president now owns 289,904 shares of the company’s stock, valued at $10,222,015.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Meter Stephen Van sold 1,660 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $36.15, for a total value of $60,009.00. Following the sale, the vice president now directly owns 31,689 shares in the company, valued at approximately $1,145,557.35. The disclosure for this sale can be found here. Insiders sold a total of 115,435 shares of company stock worth $4,092,831 over the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FHI has been the subject of several analyst reports. TD Cowen initiated coverage on Federated Hermes in a research note on Thursday, January 4th. They set a “market perform” rating and a $32.00 price target for the company. UBS Group increased their price objective on Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. increased their price objective on Federated Hermes from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Finally, Royal Bank of Canada increased their price objective on Federated Hermes from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.