Axa S.A. Has $7.01 Million Holdings in Federated Hermes, Inc. (NYSE:FHI)

AXA S.A. decreased its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,525 shares of the company's stock after selling 17,355 shares during the period. AXA S.A. owned about 0.21% of Federated Hermes worth $7,010,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank of Canada boosted their target price on Federated Hermes from $37.00 to $43.00 and gave the stock a "sector perform" rating in a report on Wednesday. StockNews.com upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. UBS Group increased their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Finally, Evercore ISI raised 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Federated Hermes has a consensus rating of "Hold" and an average price target of $42.33.

Federated Hermes Trading Up 0.4 %

FHI traded up $0.15 during trading on Friday, reaching $42.82. 681,548 shares of the company's stock were exchanged, compared to its average volume of 726,757. The company's fifty day moving average price is $39.26 and its 200-day moving average price is $39.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The firm has a market capitalization of $3.39 billion, a PE ratio of 13.42, a P/E/G ratio of 1.00 and a beta of 0.77. 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 released its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.19. The firm had revenue of $423.54 million for the quarter, compared to analyst estimates of $425.43 million. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. As a group, equities analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The company 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 $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, May 8th. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend 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.