Federated Hermes, Inc. $FHI Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its Federated Hermes stake by 41.6% in the third quarter, selling 20,111 shares and retaining 28,290 shares worth approximately $1.6 million. Institutional investors collectively own 75.94% of the company.
• Federated Hermes reported quarterly EPS of $1.38, beating estimates of $1.19, while revenue rose 18.3% year over year to $502.78 million. The company also pays a quarterly dividend of $0.38 per share, representing a 2.7% annualized yield.
• Analysts have a consensus “Hold” rating on the stock, with an average price target of $57.80; shares recently opened at $56.90.

Robeco Institutional Asset Management B.V. lowered its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 41.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 28,290 shares of the company's stock after selling 20,111 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Federated Hermes were worth $1,595,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC grew its stake in Federated Hermes by 71.0% in the first quarter. Root Financial Partners LLC now owns 571 shares of the company's stock worth $32,000 after purchasing an additional 237 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Federated Hermes by 24.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company's stock valued at $52,000 after purchasing an additional 194 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Federated Hermes in the 2nd quarter worth about $85,000. AdvisorNet Financial Inc increased its stake in shares of Federated Hermes by 38.4% in the first quarter. AdvisorNet Financial Inc now owns 1,563 shares of the company's stock valued at $89,000 after purchasing an additional 434 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Federated Hermes by 66.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,012 shares of the company's stock worth $171,000 after acquiring an additional 1,205 shares during the period. Institutional investors and hedge funds own 75.94% of the company's stock.

Federated Hermes Trading Up 0.2%

Federated Hermes stock opened at $56.90 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.89. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.50 and a beta of 0.66. The company's fifty day moving average price is $59.23 and its two-hundred day moving average price is $58.30. Federated Hermes, Inc. has a one year low of $46.66 and a one year high of $67.20.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.19 by $0.19. Federated Hermes had a return on equity of 34.03% and a net margin of 21.30%. The business had revenue of $502.78 million for the quarter, compared to analyst estimates of $488.34 million. During the same quarter in the previous year, the firm earned $1.16 EPS. Federated Hermes's quarterly revenue was up 18.3% on a year-over-year basis. On average, analysts forecast that Federated Hermes, Inc. will post 5.51 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.7%. Federated Hermes's dividend payout ratio is currently 28.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $58.00 target price on shares of Federated Hermes in a report on Monday, August 3rd. Wall Street Zen lowered Federated Hermes from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. Weiss Ratings upgraded Federated Hermes from a "buy (b+)" rating to a "buy (a-)" rating in a report on Friday, October 9th. Royal Bank Of Canada lifted their price target on Federated Hermes from $54.00 to $57.00 and gave the company a "sector perform" rating in a report on Thursday, July 2nd. Finally, Zacks Research lowered Federated Hermes from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Federated Hermes currently has an average rating of "Hold" and a consensus price target of $57.80.

Federated Hermes Profile

Federated Hermes, Inc is a global investment management company that provides asset management services to individuals, financial intermediaries, corporations, governments and other institutions. The company manages a range of investment strategies, including equity, fixed-income, money market, multi-asset, alternative and liquidity management products.

Its offerings are distributed through mutual funds, exchange-traded funds, separately managed accounts, collective investment trusts and institutional mandates.

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