Federated Hermes, Inc. (NYSE:FHI) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,221 shares of the company's stock after purchasing an additional 16,399 shares during the period. JPMorgan Chase & Co. owned about 0.33% of Federated Hermes worth $11,027,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Federated Hermes in the fourth quarter worth $43,000. Sound Income Strategies LLC purchased a new position in Federated Hermes in the fourth quarter worth about $53,000. GAMMA Investing LLC grew its position in 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 buying an additional 646 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Federated Hermes by 112.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company's stock worth $109,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Federated Hermes in the third quarter worth about $113,000. Hedge funds and other institutional investors own 75.94% of the company's stock.

Insider Activity at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the 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 directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Federated Hermes Trading Up 0.3 %

Shares of NYSE FHI traded up $0.11 during trading hours on Friday, hitting $37.58. 520,289 shares of the company traded hands, compared to its average volume of 732,338. The company's 50 day moving average price is $38.65 and its 200 day moving average price is $39.59. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. On average, equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Friday, February 7th. Federated Hermes's dividend payout ratio (DPR) is currently 38.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FHI shares. JPMorgan Chase & Co. restated an "underweight" rating and set a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Royal Bank of Canada dropped their price objective on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a report on Tuesday, January 28th. 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 report on Wednesday, January 8th. StockNews.com lowered Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 1st. Finally, Evercore ISI reduced their price objective on Federated Hermes from $42.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $41.17.

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.