8,800 Shares in Federated Hermes, Inc. (NYSE:FHI) Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new position in Federated Hermes, Inc. (NYSE:FHI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,800 shares of the company's stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Federated Hermes during the 4th quarter valued at $292,000. Inspire Investing LLC purchased a new stake in Federated Hermes in the 4th quarter worth about $829,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Federated Hermes by 19.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock worth $37,618,000 after purchasing an additional 145,878 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Federated Hermes during the 4th quarter worth about $461,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Federated Hermes during the fourth quarter valued at approximately $585,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

FHI has been the topic of several research analyst reports. StockNews.com raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. UBS Group upped their target price on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada increased their price target on shares of Federated Hermes from $37.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given 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 a consensus target price of $42.33.

Federated Hermes Trading Up 2.0 %

Shares of Federated Hermes stock traded up $0.84 during trading on Thursday, hitting $42.80. 97,151 shares of the company were exchanged, compared to its average volume of 724,565. The firm has a market capitalization of $3.39 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77. The firm's fifty day moving average price is $39.07 and its 200 day moving average price is $39.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $425.43 million. During the same period in the previous year, the firm earned $0.89 earnings per share. The company's revenue was up 6.8% on a year-over-year basis. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.18%. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 8th. Federated Hermes's dividend payout ratio (DPR) 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.