Algert Global LLC Has $15.34 Million Position in Federated Hermes, Inc. (NYSE:FHI)

Algert Global LLC lifted its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 373,141 shares of the company's stock after acquiring an additional 19,899 shares during the period. Federated Hermes comprises approximately 0.4% of Algert Global LLC's holdings, making the stock its 27th largest holding. Algert Global LLC owned about 0.46% of Federated Hermes worth $15,340,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Freestone Grove Partners LP bought a new position in shares of Federated Hermes in the 4th quarter worth about $3,812,000. Voleon Capital Management LP bought a new position in Federated Hermes in the fourth quarter worth about $1,108,000. Northern Trust Corp boosted its stake in Federated Hermes by 6.0% in the fourth quarter. Northern Trust Corp now owns 554,958 shares of the company's stock valued at $22,814,000 after acquiring an additional 31,592 shares during the period. Quarry LP bought a new position in shares of Federated Hermes during the fourth quarter valued at approximately $37,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Federated Hermes during the 4th quarter worth approximately $362,000. 75.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FHI. JPMorgan Chase & Co. restated an "underweight" rating and set a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. StockNews.com upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. Royal Bank of Canada lifted their price objective on shares of Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research report on Wednesday. Evercore ISI upped their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, UBS Group lifted their price target on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $42.33.

Federated Hermes Price Performance

Federated Hermes stock traded up $0.19 during midday trading on Friday, hitting $42.86. The company's stock had a trading volume of 239,232 shares, compared to its average volume of 883,253. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The company has a market capitalization of $3.39 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77. The stock's 50-day moving average price is $39.15 and its 200-day moving average price is $39.86. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI - Get Free Report) last issued 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. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The firm had revenue of $423.54 million for the quarter, compared to analysts' expectations of $425.43 million. During the same quarter last year, the business posted $0.89 EPS. Federated Hermes's revenue was up 6.8% on a year-over-year basis. Analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a $0.34 dividend. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 3.17%. The ex-dividend date is Thursday, May 8th. Federated Hermes's dividend payout ratio is currently 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.