Deutsche Bank AG Has $987,000 Position in Federated Hermes, Inc. $FHI

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 increased its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 38.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,213 shares of the company's stock after acquiring 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Federated Hermes by 249.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company's stock worth $130,446,000 after buying an additional 2,284,509 shares during the period. Vanguard Group Inc. raised its position in Federated Hermes by 3.1% during the first quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company's stock valued at $357,178,000 after buying an additional 265,590 shares during the period. LSV Asset Management lifted its stake in Federated Hermes by 27.1% in the 1st quarter. LSV Asset Management now owns 1,107,089 shares of the company's stock worth $45,136,000 after acquiring an additional 236,313 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Federated Hermes by 36.0% during the 1st quarter. Allianz Asset Management GmbH now owns 563,879 shares of the company's stock worth $22,989,000 after acquiring an additional 149,348 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Federated Hermes during the 4th quarter valued at about $5,817,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Analysts Set New Price Targets

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

Federated Hermes Stock Performance

Shares of NYSE FHI traded down $0.51 during trading hours on Thursday, hitting $53.60. 482,644 shares of the company's stock were exchanged, compared to its average volume of 818,111. The company's 50-day moving average price is $48.53 and its 200-day moving average price is $42.95. Federated Hermes, Inc. has a 1-year low of $33.29 and a 1-year high of $54.42. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.73 and a beta of 0.77. 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 issued its quarterly earnings results on Thursday, July 31st. The company reported $1.16 earnings per share 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 firm had revenue of $424.84 million during the quarter, compared to the consensus estimate of $424.83 million. During the same period in the prior year, the firm earned $0.96 EPS. The business's revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given a dividend of $0.34 per share. The ex-dividend date was Friday, August 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.5%. Federated Hermes's payout ratio 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.