Bridgewater Associates LP Purchases 38,194 Shares of Federated Hermes, Inc. (NYSE:FHI)

Bridgewater Associates LP raised its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 51.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,387 shares of the company's stock after purchasing an additional 38,194 shares during the quarter. Bridgewater Associates LP owned 0.14% of Federated Hermes worth $4,620,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Federated Hermes in the 4th quarter valued at $43,000. Sound Income Strategies LLC acquired a new stake in shares of Federated Hermes in the 4th quarter valued at $53,000. GAMMA Investing LLC boosted its holdings in shares of Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock valued at $70,000 after purchasing an additional 646 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Federated Hermes in the 4th quarter valued at $73,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Federated Hermes by 112.4% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 75.94% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FHI shares. StockNews.com cut Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. UBS Group upped their price objective on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Royal Bank of Canada lowered their price objective 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, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $41.17.

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the 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 transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.80% of the company's stock.

Federated Hermes Trading Up 1.8 %

NYSE:FHI traded up $0.66 on Wednesday, reaching $37.89. 143,100 shares of the stock traded hands, compared to its average volume of 866,839. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The company's 50 day moving average is $38.60 and its 200-day moving average is $39.59. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. 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 released its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes's payout ratio is 38.87%.

About Federated Hermes

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.