Federated Hermes, Inc. (NYSE:FHI) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 4,395.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,729 shares of the company's stock after buying an additional 75,022 shares during the quarter. GAMMA Investing LLC owned approximately 0.09% of Federated Hermes worth $3,128,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of Federated Hermes by 53.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock valued at $52,493,000 after acquiring an additional 446,683 shares during the period. LSV Asset Management lifted its position in shares of Federated Hermes by 48.2% during the fourth quarter. LSV Asset Management now owns 870,776 shares of the company's stock valued at $35,798,000 after buying an additional 283,300 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Federated Hermes by 51.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 818,408 shares of the company's stock valued at $33,645,000 after buying an additional 278,524 shares in the last quarter. Norges Bank purchased a new position in shares of Federated Hermes in the 4th quarter worth approximately $10,639,000. Finally, FMR LLC increased its position in shares of Federated Hermes by 4.5% during the fourth quarter. FMR LLC now owns 5,919,888 shares of the company's stock worth $243,367,000 after purchasing an additional 253,553 shares in the last quarter. Institutional investors own 75.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FHI. Wall Street Zen upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. TD Cowen lowered Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Royal Bank of Canada raised their price objective on Federated Hermes from $37.00 to $43.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Evercore ISI upped their target price on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $42.33.

Federated Hermes Trading Up 1.1%

NYSE:FHI traded up $0.45 during trading hours on Thursday, reaching $42.81. 1,528,221 shares of the stock were exchanged, compared to its average volume of 736,800. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $40.56 and a two-hundred day moving average of $40.15. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 1.00 and a beta of 0.78.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $425.43 million. During the same quarter last year, the company earned $0.89 EPS. The business's quarterly revenue was up 6.8% on a year-over-year basis. On average, equities analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 3.18%. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's payout ratio is currently 38.31%.

Insider Buying and Selling

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of the 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. This trade represents a 1.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is owned by company insiders.

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.