Dean Capital Management Lowers 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 cut its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 64.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of Federated Hermes by 246.6% during the first quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock worth $35,000 after purchasing an additional 614 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Federated Hermes by 22.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company's stock worth $63,000 after purchasing an additional 287 shares during the period. Virtus Advisers LLC acquired a new position in shares of Federated Hermes during the first quarter worth approximately $72,000. UMB Bank n.a. raised its position in shares of Federated Hermes by 55.1% during the first quarter. UMB Bank n.a. now owns 2,065 shares of the company's stock worth $84,000 after purchasing an additional 734 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Federated Hermes during the fourth quarter worth approximately $90,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FHI. Royal Bank Of Canada raised their price objective on Federated Hermes from $45.00 to $51.00 and gave the company a "sector perform" rating in a research note on Thursday, August 14th. Evercore ISI upped their price objective on Federated Hermes from $48.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Wall Street Zen downgraded Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. raised Federated Hermes from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $40.00 to $54.00 in a report on Monday, August 4th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $48.17.

Federated Hermes Stock Down 0.3%

Shares of FHI stock traded down $0.14 during mid-day trading on Monday, hitting $53.51. The company's stock had a trading volume of 177,001 shares, compared to its average volume of 792,906. Federated Hermes, Inc. has a 52-week low of $34.79 and a 52-week high of $54.42. The business has a 50-day moving average price of $50.70 and a 200 day moving average price of $44.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.37. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.73 and a beta of 0.84.

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

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, August 8th. Federated Hermes's dividend payout ratio (DPR) is currently 30.16%.

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.