Dimensional Fund Advisors LP Trims Stock Position in Federated Hermes, Inc. (NYSE:FHI)

Dimensional Fund Advisors LP lowered its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,350,042 shares of the company's stock after selling 39,205 shares during the period. Dimensional Fund Advisors LP owned about 2.87% of Federated Hermes worth $96,610,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FHI. FMR LLC lifted its position in shares of Federated Hermes by 4.5% in the fourth quarter. FMR LLC now owns 5,919,888 shares of the company's stock valued at $243,367,000 after acquiring an additional 253,553 shares in the last quarter. Geode Capital Management LLC raised its stake in Federated Hermes by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,282,252 shares of the company's stock valued at $52,731,000 after purchasing an additional 32,070 shares during the period. Bank of New York Mellon Corp lifted its holdings in Federated Hermes by 53.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock worth $52,493,000 after purchasing an additional 446,683 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Federated Hermes by 19.0% in the 4th 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. Finally, LSV Asset Management grew its holdings in Federated Hermes by 48.2% during the 4th quarter. LSV Asset Management now owns 870,776 shares of the company's stock valued at $35,798,000 after buying an additional 283,300 shares in the last quarter. Hedge funds and other institutional investors 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 business's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at $6,950,715.76. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on FHI shares. StockNews.com raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Royal Bank of Canada cut their price objective on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Finally, Evercore ISI raised their price target on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $41.67.

Federated Hermes Trading Up 2.4 %

NYSE FHI traded up $0.97 during trading hours on Friday, hitting $41.74. 705,290 shares of the company were exchanged, compared to its average volume of 731,112. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $38.86 and a 200 day moving average price of $39.78. The stock has a market cap of $3.30 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77.

Federated Hermes (NYSE:FHI - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.19. The firm had revenue of $423.54 million for the quarter, compared to the consensus estimate of $425.43 million. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. Analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, May 8th. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio (DPR) is 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.