Voleon Capital Management LP Buys Shares of 26,944 Federated Hermes, Inc. (NYSE:FHI)

Voleon Capital Management LP purchased a new stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,944 shares of the company's stock, valued at approximately $1,108,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in FHI. Barclays PLC raised its holdings in shares of Federated Hermes by 228.6% in the 3rd quarter. Barclays PLC now owns 215,650 shares of the company's stock valued at $7,930,000 after purchasing an additional 150,017 shares in the last quarter. Passumpsic Savings Bank bought a new position in Federated Hermes in the third quarter worth approximately $206,000. Wilmington Savings Fund Society FSB purchased a new stake in Federated Hermes during the third quarter worth $113,000. DGS Capital Management LLC increased its holdings in shares of Federated Hermes by 4.7% in the 3rd quarter. DGS Capital Management LLC now owns 20,715 shares of the company's stock valued at $762,000 after acquiring an additional 931 shares during the period. 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. 75.94% of the stock is currently owned by institutional investors.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FHI. UBS Group lifted their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Evercore ISI lifted their price target on Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Royal Bank of Canada reduced their price objective on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 28th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Finally, StockNews.com raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $41.67.

Federated Hermes Stock Performance

Shares of FHI traded down $0.17 during trading hours on Monday, hitting $41.54. The stock had a trading volume of 605,572 shares, compared to its average volume of 730,609. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.00 and a beta of 0.77. 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 50-day moving average price of $38.86 and a 200 day moving average price of $39.78. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 30.31% and a net margin of 16.44%. Federated Hermes's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. As a group, research analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.27%. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 8th. Federated Hermes's payout ratio is presently 38.31%.

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.