Css LLC Il Invests $641,000 in Federated Hermes, Inc. (NYSE:FHI)

Css LLC Il bought a new stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,600 shares of the company's stock, valued at approximately $641,000.

A number of other institutional investors have also recently bought and sold shares of FHI. Barclays PLC raised its position in Federated Hermes by 228.6% during the third quarter. Barclays PLC now owns 215,650 shares of the company's stock worth $7,930,000 after acquiring an additional 150,017 shares in the last quarter. MBM Wealth Consultants LLC grew its stake in shares of Federated Hermes by 6.8% in the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock valued at $306,000 after acquiring an additional 474 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of Federated Hermes during the 4th quarter worth approximately $829,000. Sound Income Strategies LLC bought a new position in Federated Hermes during the 4th quarter worth $53,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Federated Hermes by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company's stock worth $914,000 after purchasing an additional 560 shares during the period. Institutional investors own 75.94% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FHI shares. TD Cowen cut shares of Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. UBS Group increased their target price 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 target price (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Evercore ISI boosted their target price 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. Finally, StockNews.com raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $42.33.

Federated Hermes Stock Performance

Shares of FHI stock opened at $42.43 on Thursday. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $39.93 and a two-hundred day simple moving average of $40.08. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The firm has a market capitalization of $3.36 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.19. The company had revenue of $423.54 million for the quarter, compared to the consensus estimate of $425.43 million. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The firm's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. Analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were paid a $0.34 dividend. The ex-dividend date was Thursday, May 8th. This represents a $1.36 annualized dividend and a yield of 3.21%. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio (DPR) is currently 38.31%.

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.

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