Federated Hermes, Inc. (NYSE:FHI) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 212.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 17,806 shares of the company's stock after acquiring an additional 12,105 shares during the period. Hsbc Holdings PLC's holdings in Federated Hermes were worth $731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FHI. R Squared Ltd acquired a new position in shares of Federated Hermes during the 4th quarter worth about $43,000. Sound Income Strategies LLC purchased a new stake in Federated Hermes during the 4th quarter worth approximately $53,000. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 646 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Federated Hermes in the fourth quarter valued at approximately $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 worth $109,000 after acquiring an additional 1,400 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business's 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 sale, the chief executive officer now owns 179,096 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is owned by insiders.

Federated Hermes Stock Performance

NYSE:FHI opened at $41.54 on Tuesday. The company's 50-day moving average is $38.92 and its two-hundred day moving average is $39.80. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.00 and a beta of 0.77. 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, 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 issued 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. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The company had revenue of $423.54 million during the quarter, compared to analyst estimates of $425.43 million. During the same period in the prior year, the business posted $0.89 earnings per share. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The firm also recently disclosed 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 represents a $1.36 dividend on an annualized basis and a dividend yield of 3.27%. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 8th. Federated Hermes's dividend payout ratio (DPR) is presently 38.31%.

Analysts Set New Price Targets

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

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.

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