111 Capital Takes Position in Federated Hermes, Inc. (NYSE:FHI)

111 Capital purchased a new stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,398 shares of the company's stock, valued at approximately $427,000.

Several other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Federated Hermes by 53.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock valued at $52,493,000 after buying an additional 446,683 shares in the last quarter. LSV Asset Management raised its stake in shares of Federated Hermes by 48.2% in the fourth quarter. LSV Asset Management now owns 870,776 shares of the company's stock worth $35,798,000 after acquiring an additional 283,300 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Federated Hermes by 51.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 818,408 shares of the company's stock worth $33,645,000 after acquiring an additional 278,524 shares during the last quarter. Norges Bank bought a new stake in shares of Federated Hermes during the fourth quarter worth $10,639,000. Finally, FMR LLC increased its position in shares of Federated Hermes by 4.5% during the fourth quarter. FMR LLC now owns 5,919,888 shares of the company's stock worth $243,367,000 after acquiring an additional 253,553 shares in the last quarter. Institutional investors own 75.94% of the company's stock.

Insider Buying and Selling at Federated Hermes

In other news, VP Paul A. Uhlman sold 6,057 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total transaction of $255,241.98. Following the sale, the vice president now owns 316,930 shares in the company, valued at approximately $13,355,430.20. The trade was a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

FHI has been the subject of a number of recent analyst reports. TD Cowen cut shares of Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Evercore ISI lifted their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Wall Street Zen upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Royal Bank of Canada boosted their price target on shares of Federated Hermes from $37.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Federated Hermes presently has a consensus rating of "Hold" and a consensus price target of $42.33.

Federated Hermes Price Performance

Federated Hermes stock traded down $0.13 during mid-day trading on Tuesday, hitting $42.03. 540,938 shares of the company traded hands, compared to its average volume of 734,453. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77. 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 stock has a fifty day moving average price of $40.27 and a 200-day moving average price of $40.10.

Federated Hermes (NYSE:FHI - Get Free Report) last posted 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. 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 for the quarter, compared to the consensus estimate of $425.43 million. During the same period last year, the firm posted $0.89 earnings per share. The business's revenue was up 6.8% compared to the same quarter last year. On average, equities analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a dividend of $0.34 per share. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Thursday, May 8th. Federated Hermes's payout ratio is presently 38.31%.

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.