Dean Capital Management Increases Holdings in Federated Hermes, Inc. (NYSE:FHI)

Dean Capital Management grew its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 81.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,058 shares of the company's stock after purchasing an additional 31,347 shares during the quarter. Federated Hermes comprises approximately 1.2% of Dean Capital Management's holdings, making the stock its 11th largest holding. Dean Capital Management owned 0.09% of Federated Hermes worth $2,880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FHI. EP Wealth Advisors LLC bought a new position in Federated Hermes during the fourth quarter worth about $213,000. Crestline Management LP lifted its position in shares of Federated Hermes by 7.1% in the fourth quarter. Crestline Management LP now owns 14,622 shares of the company's stock valued at $601,000 after buying an additional 973 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Federated Hermes by 43.9% during the 4th quarter. Cetera Investment Advisers now owns 11,787 shares of the company's stock worth $485,000 after acquiring an additional 3,594 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in Federated Hermes by 4.0% during the 4th quarter. Baird Financial Group Inc. now owns 29,417 shares of the company's stock valued at $1,209,000 after purchasing an additional 1,126 shares during the last quarter. Finally, Basswood Capital Management L.L.C. bought a new position in shares of Federated Hermes in the fourth quarter valued at about $3,321,000. 75.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FHI has been the subject of several analyst reports. StockNews.com upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. Royal Bank of Canada raised their price objective on Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Evercore ISI upped their price target on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. UBS Group raised their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Federated Hermes currently has an average rating of "Hold" and an average price target of $42.33.

Federated Hermes Price Performance

Shares of FHI stock traded down $0.08 during mid-day trading on Monday, hitting $42.72. The company had a trading volume of 403,884 shares, compared to its average volume of 726,195. The company has a market capitalization of $3.38 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.00 and a beta of 0.77. The stock's 50 day moving average price is $39.26 and its 200-day moving average price is $39.92. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92. 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 announced its quarterly earnings results on Thursday, April 24th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.91 by $0.19. The business had revenue of $423.54 million for the quarter, compared to analysts' expectations of $425.43 million. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS. Equities research analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 3.18%. Federated Hermes's payout ratio is presently 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.