Algert Global LLC Purchases 19,899 Shares of Federated Hermes, Inc. (NYSE:FHI)

Algert Global LLC boosted its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 373,141 shares of the company's stock after purchasing an additional 19,899 shares during the quarter. Federated Hermes makes up 0.4% of Algert Global LLC's portfolio, making the stock its 27th biggest position. Algert Global LLC owned approximately 0.46% of Federated Hermes worth $15,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Federated Hermes in the 4th quarter worth about $37,000. R Squared Ltd purchased a new stake in shares of Federated Hermes in the 4th quarter worth approximately $43,000. Sound Income Strategies LLC bought a new position in Federated Hermes during the 4th quarter valued at approximately $53,000. GAMMA Investing LLC raised its stake in Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock valued at $70,000 after buying an additional 646 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in Federated Hermes in the fourth quarter worth $73,000. Hedge funds and other institutional investors own 75.94% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FHI. Royal Bank of Canada cut their price objective 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. Evercore ISI upped their price objective on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. UBS Group boosted their price target on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Federated Hermes currently has a consensus rating of "Hold" and a consensus price target of $41.67.

Insiders Place Their Bets

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

Federated Hermes Price Performance

FHI stock traded up $0.45 during trading on Tuesday, reaching $41.99. The company's stock had a trading volume of 713,365 shares, compared to its average volume of 728,476. The company's fifty day moving average is $39.00 and its 200-day moving average is $39.82. Federated Hermes, Inc. has a 1 year low of $31.24 and a 1 year high of $43.92. The company has a market capitalization of $3.32 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77. 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 posted its quarterly earnings results on Thursday, April 24th. The company reported $1.10 EPS 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 company had revenue of $423.54 million for the quarter, compared to analysts' expectations of $425.43 million. During the same period in the previous year, the firm earned $0.89 EPS. The firm's revenue was up 6.8% compared to the same quarter last year. On average, research analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share 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. Shareholders of record on Thursday, May 8th will be issued a $0.34 dividend. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, May 8th. Federated Hermes's payout ratio is currently 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.