Hsbc Holdings PLC Has $731,000 Holdings in Federated Hermes, Inc. (NYSE:FHI)

Hsbc Holdings PLC boosted its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 212.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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.

A number of other institutional investors also recently added to or reduced their stakes in FHI. Allspring Global Investments Holdings LLC bought a new position in Federated Hermes in the 4th quarter worth approximately $292,000. Inspire Investing LLC acquired a new position in shares of Federated Hermes in the 4th quarter valued at $829,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Federated Hermes by 19.0% in 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 period. New Age Alpha Advisors LLC acquired a new position in shares of Federated Hermes in the 4th quarter valued at $461,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Federated Hermes in the 4th quarter valued at $585,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Stock Performance

NYSE:FHI traded up $0.15 during mid-day trading on Friday, hitting $42.82. The stock had a trading volume of 681,548 shares, compared to its average volume of 727,434. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 1.00 and a beta of 0.77. The company's 50 day simple moving average is $39.26 and its 200 day simple moving average is $39.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70.

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 (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.19. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The firm had revenue of $423.54 million during the quarter, compared to the consensus estimate of $425.43 million. During the same period last year, the business posted $0.89 earnings per share. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, May 8th. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's payout ratio is presently 38.31%.

Analysts Set New Price Targets

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

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.