Federated Hermes, Inc. $FHI Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its holdings in Federated Hermes by 38.5% in Q1, now owning 24,213 shares valued at $987,000.
• Analysts have mixed ratings on Federated Hermes, with a consensus average rating of Hold and an average price target of $47.00.
• Federated Hermes recently paid a quarterly dividend of $0.34 per share, representing a yield of 2.5% with a payout ratio of 30.16%.

Deutsche Bank AG lifted its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 38.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,213 shares of the company's stock after buying an additional 6,734 shares during the quarter. Deutsche Bank AG's holdings in Federated Hermes were worth $987,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FHI. Farther Finance Advisors LLC grew its position in Federated Hermes by 246.6% in the first quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock valued at $35,000 after acquiring an additional 614 shares in the last quarter. Quarry LP acquired a new stake in Federated Hermes in the fourth quarter valued at approximately $37,000. UMB Bank n.a. grew its position in Federated Hermes by 55.1% in the first quarter. UMB Bank n.a. now owns 2,065 shares of the company's stock valued at $84,000 after acquiring an additional 734 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Federated Hermes in the fourth quarter valued at approximately $90,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Federated Hermes in the first quarter valued at approximately $120,000. Hedge funds and other institutional investors own 75.94% of the company's stock.

Federated Hermes Stock Down 0.9%

NYSE:FHI traded down $0.46 during mid-day trading on Friday, reaching $53.15. The stock had a trading volume of 594,684 shares, compared to its average volume of 726,030. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.72 and a beta of 0.77. Federated Hermes, Inc. has a 1-year low of $33.29 and a 1-year high of $54.42. The stock's 50 day simple moving average is $48.97 and its two-hundred day simple moving average is $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 (NYSE:FHI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.17. The business had revenue of $424.84 million during the quarter, compared to the consensus estimate of $424.83 million. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%.The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.96 earnings per share. Equities analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, August 8th. Federated Hermes's dividend payout ratio (DPR) is 30.16%.

Wall Street Analyst Weigh In

FHI has been the subject of several recent research reports. Royal Bank Of Canada increased their price objective 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. JPMorgan Chase & Co. raised Federated Hermes from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $40.00 to $54.00 in a research report on Monday, August 4th. Evercore ISI lifted their target price on Federated Hermes from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Wall Street Zen lowered Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, TD Cowen lowered Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Federated Hermes presently has a consensus rating of "Hold" and a consensus target price of $47.00.

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.