26,944 Shares in Federated Hermes, Inc. (NYSE:FHI) Acquired by Voleon Capital Management LP

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Federated Hermes by 53.8% during 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 purchasing an additional 446,683 shares during the last quarter. LSV Asset Management raised its position in shares of Federated Hermes by 48.2% during the fourth quarter. LSV Asset Management now owns 870,776 shares of the company's stock valued at $35,798,000 after buying an additional 283,300 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Federated Hermes by 51.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 818,408 shares of the company's stock valued at $33,645,000 after buying an additional 278,524 shares during the period. Norges Bank acquired a new stake in Federated Hermes during the fourth quarter worth about $10,639,000. Finally, FMR LLC grew its position in Federated Hermes by 4.5% during the fourth quarter. FMR LLC now owns 5,919,888 shares of the company's stock worth $243,367,000 after buying an additional 253,553 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FHI has been the topic of a number of research reports. StockNews.com upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. reissued 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. Royal Bank of Canada decreased their target price on shares of 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Finally, Evercore ISI lifted their price objective on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Federated Hermes currently has an average rating of "Hold" and an average target price of $41.67.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business's 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 sale, the chief executive officer now owns 179,096 shares in the company, valued at $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.80% of the company's stock.

Federated Hermes Price Performance

Federated Hermes stock traded up $0.19 during trading hours on Tuesday, hitting $41.73. 109,382 shares of the stock were exchanged, compared to its average volume of 728,167. The stock has a market capitalization of $3.30 billion, a P/E ratio of 13.08, a P/E/G ratio of 1.00 and a beta of 0.77. The business's 50-day moving average is $38.92 and its two-hundred day moving average is $39.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month 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, beating analysts' consensus estimates of $0.91 by $0.19. The firm 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%. The business's revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. Equities research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The business 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 is an increase from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 8th. This represents a $1.36 annualized dividend and a yield of 3.26%. Federated Hermes's dividend payout ratio is 38.31%.

Federated Hermes 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.