Federated Hermes, Inc. (NYSE:FHI) Position Boosted by Barclays PLC

Barclays PLC boosted its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 246,718 shares of the company's stock after purchasing an additional 31,068 shares during the quarter. Barclays PLC owned about 0.30% of Federated Hermes worth $10,142,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Federated Hermes during the fourth quarter valued at approximately $43,000. Sound Income Strategies LLC acquired a new position in Federated Hermes during the fourth quarter valued at approximately $53,000. GAMMA Investing LLC lifted its position 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 in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Federated Hermes during the fourth quarter worth $73,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Federated Hermes by 112.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company's stock valued at $109,000 after purchasing an additional 1,400 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FHI has been the subject of several recent analyst reports. UBS Group raised 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. Evercore ISI raised their target price on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Royal Bank of Canada lowered their target price 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. Finally, StockNews.com upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday. One equities research 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $41.67.

Federated Hermes Stock Down 0.6 %

NYSE:FHI traded down $0.25 during mid-day trading on Monday, reaching $39.85. The stock had a trading volume of 1,190,647 shares, compared to its average volume of 732,475. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. The stock's 50 day simple moving average is $38.63 and its two-hundred day simple moving average is $39.69. 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 (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 business had revenue of $423.54 million during the quarter, compared to the consensus estimate of $425.43 million. During the same period last year, the firm earned $0.89 earnings per share. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Thursday, May 8th. Federated Hermes's payout ratio is presently 38.87%.

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.