Dean Capital Management Has $1.02 Million Stock Holdings in Federated Hermes, Inc. $FHI

Key Points

• Dean Capital Management reduced its stake in Federated Hermes, Inc. by 64.1%, owning 25,120 shares worth approximately $1.02 million after selling 44,938 shares in the first quarter.
• Federated Hermes reported $1.16 EPS for the last quarter, exceeding analysts' expectations of $0.99, with a net margin of 21.67% and a year-over-year revenue increase of 5.5%.
• The company announced a quarterly dividend of $0.34, which represents an annualized dividend yield of 2.6%, with a payout ratio of 30.16%.

Dean Capital Management trimmed its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 64.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,120 shares of the company's stock after selling 44,938 shares during the quarter. Dean Capital Management's holdings in Federated Hermes were worth $1,024,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FHI. Northern Trust Corp increased its position in Federated Hermes by 6.0% during the 4th quarter. Northern Trust Corp now owns 554,958 shares of the company's stock worth $22,814,000 after purchasing an additional 31,592 shares in the last quarter. Ameriprise Financial Inc. increased its position in Federated Hermes by 1.4% during the 4th quarter. Ameriprise Financial Inc. now owns 139,957 shares of the company's stock worth $5,754,000 after purchasing an additional 1,880 shares in the last quarter. Baird Financial Group Inc. increased its position in Federated Hermes by 4.0% during the 4th quarter. Baird Financial Group Inc. now owns 29,417 shares of the company's stock worth $1,209,000 after purchasing an additional 1,126 shares in the last quarter. Cetera Investment Advisers increased its position in Federated Hermes by 43.9% during the 4th quarter. Cetera Investment Advisers now owns 11,787 shares of the company's stock worth $485,000 after purchasing an additional 3,594 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Federated Hermes during the 4th quarter worth approximately $213,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Trading Up 0.3%

Shares of NYSE FHI opened at $52.60 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.37. Federated Hermes, Inc. has a 52-week low of $33.38 and a 52-week high of $54.42. The firm has a 50 day moving average price of $50.22 and a two-hundred day moving average price of $43.90. The stock has a market cap of $4.08 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 0.71 and a beta of 0.84.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.16 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $424.83 million. During the same period in the prior year, the firm posted $0.96 EPS. The company's quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid a $0.34 dividend. 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 dividend payout ratio is currently 30.16%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FHI. Wall Street Zen cut shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada upped their price target on shares of Federated Hermes from $45.00 to $51.00 and gave the company a "sector perform" rating in a research report on Thursday, August 14th. Evercore ISI upped their price target on shares of Federated Hermes from $48.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. upgraded shares of Federated Hermes from an "underweight" rating to a "neutral" rating and upped their price target for the company from $40.00 to $54.00 in a research report on Monday, August 4th. Finally, TD Cowen cut shares of Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $48.17.

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.

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