Dark Forest Capital Management LP Purchases 29,377 Shares of Federated Hermes, Inc. (NYSE:FHI)

Dark Forest Capital Management LP increased its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 534.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,875 shares of the company's stock after acquiring an additional 29,377 shares during the period. Dark Forest Capital Management LP's holdings in Federated Hermes were worth $1,434,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued 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 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 report on Tuesday, January 28th. StockNews.com cut Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, UBS Group raised their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.67.

Federated Hermes Stock Performance

Federated Hermes stock traded down $0.22 during mid-day trading on Monday, hitting $39.88. 346,303 shares of the company's stock traded hands, compared to its average volume of 880,922. The firm has a 50 day simple moving average of $38.60 and a two-hundred day simple moving average of $39.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.00 and a beta of 0.84. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.19. The firm had revenue of $423.54 million for the quarter, compared to analysts' expectations of $425.43 million. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. On average, research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be given a dividend of $0.34 per share. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.36 annualized dividend and a dividend yield of 3.41%. Federated Hermes's dividend payout ratio (DPR) is currently 38.87%.

Insider Activity at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total value 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. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.80% of the stock is currently owned by insiders.

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.