UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 24,964 Shares of Federated Hermes, Inc. (NYSE:FHI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,653 shares of the company's stock after buying an additional 24,964 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of Federated Hermes worth $8,824,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $292,000. Charles Schwab Investment Management Inc. increased its stake in Federated Hermes by 19.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock worth $37,618,000 after acquiring an additional 145,878 shares during the period. New Age Alpha Advisors LLC bought a new position in Federated Hermes during the 4th quarter worth $461,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Federated Hermes in the 4th quarter valued at $585,000. Finally, Sanctuary Advisors LLC increased its stake in shares of Federated Hermes by 78.5% in the 4th quarter. Sanctuary Advisors LLC now owns 23,046 shares of the company's stock valued at $916,000 after purchasing an additional 10,135 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Stock Down 0.4%

Federated Hermes stock traded down $0.19 during midday trading on Wednesday, reaching $42.30. The stock had a trading volume of 656,791 shares, compared to its average volume of 736,315. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The company has a market capitalization of $3.35 billion, a P/E ratio of 13.26, a PEG ratio of 1.00 and a beta of 0.77. The company has a fifty day moving average price of $40.33 and a two-hundred day moving average price of $40.13. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.19. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The business had revenue of $423.54 million during the quarter, compared to analyst estimates of $425.43 million. During the same period in the previous year, the company posted $0.89 EPS. The firm's revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.22%. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, May 8th. Federated Hermes's payout ratio is presently 38.31%.

Analysts Set New Price Targets

FHI has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price target on Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Wall Street Zen raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. TD Cowen downgraded Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Evercore ISI boosted their price objective on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Federated Hermes has an average rating of "Hold" and an average target price of $42.33.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $42.14, for a total transaction of $255,241.98. Following the completion of the sale, the vice president now directly owns 316,930 shares of the company's stock, valued at approximately $13,355,430.20. The trade was a 1.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

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.