Capital Fund Management S.A. Invests $675,000 in Federated Hermes, Inc. $FHI

Key Points

• Capital Fund Management S.A. acquired 16,566 shares of Federated Hermes, Inc. valued at approximately $675,000, indicating institutional interest in the stock.
• Analysts have recently upgraded their ratings on Federated Hermes, with JPMorgan raising its price target from $40.00 to $54.00, while Evercore ISI increased it to $48.00.
• The company declared a quarterly dividend of $0.34, translating to an annualized yield of 2.5%, reflecting its solid financial performance with a net margin of 21.67% and a return on equity of 32.30%.

Capital Fund Management S.A. purchased a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 16,566 shares of the company's stock, valued at approximately $675,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Federated Hermes by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company's stock worth $357,178,000 after purchasing an additional 265,590 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Federated Hermes by 249.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company's stock worth $130,446,000 after purchasing an additional 2,284,509 shares during the last quarter. Invesco Ltd. increased its stake in shares of Federated Hermes by 6.2% during the 1st quarter. Invesco Ltd. now owns 2,367,754 shares of the company's stock worth $96,533,000 after purchasing an additional 137,248 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Federated Hermes by 0.9% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,904,596 shares of the company's stock worth $77,650,000 after purchasing an additional 16,333 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Federated Hermes by 27.1% during the 1st quarter. LSV Asset Management now owns 1,107,089 shares of the company's stock worth $45,136,000 after purchasing an additional 236,313 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

Federated Hermes Price Performance

NYSE:FHI traded down $0.46 during trading hours on Friday, hitting $53.15. The stock had a trading volume of 594,684 shares, compared to its average volume of 726,030. The company has a 50 day simple moving average of $48.97 and a two-hundred day simple moving average of $43.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.37 and a quick ratio of 2.32. Federated Hermes, Inc. has a one year low of $33.29 and a one year high of $54.42. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 0.72 and a beta of 0.77.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.17. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The company had revenue of $424.84 million during the quarter, compared to the consensus estimate of $424.83 million. During the same period in the previous year, the firm posted $0.96 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 8th. Federated Hermes's payout ratio is currently 30.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FHI shares. TD Cowen lowered shares of Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Wall Street Zen downgraded Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada increased their price objective on Federated Hermes from $45.00 to $51.00 and gave the stock a "sector perform" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. upgraded Federated Hermes from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $40.00 to $54.00 in a research note on Monday, August 4th. Finally, Evercore ISI raised their target price on Federated Hermes from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $47.00.

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.