Fuller & Thaler Asset Management Inc. Grows Stake in Federated Hermes, Inc. $FHI

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Federated Hermes by 0.9%, acquiring an additional 16,333 shares, bringing its total ownership to approximately 2.41% valued at $77.65 million.
• Federated Hermes recently reported strong quarterly earnings of $1.16 per share, exceeding analyst expectations and demonstrating a 5.5% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.34 with an annualized yield of 2.6%, reflecting a dividend payout ratio of approximately 30.16%.

Fuller & Thaler Asset Management Inc. grew its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,904,596 shares of the company's stock after acquiring an additional 16,333 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 2.41% of Federated Hermes worth $77,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hohimer Wealth Management LLC lifted its position in shares of Federated Hermes by 3.8% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,795 shares of the company's stock worth $277,000 after buying an additional 249 shares in the last quarter. Walleye Capital LLC increased its position in shares of Federated Hermes by 4.1% during the fourth quarter. Walleye Capital LLC now owns 6,877 shares of the company's stock valued at $283,000 after acquiring an additional 269 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Federated Hermes by 2.5% during the first quarter. Pacer Advisors Inc. now owns 11,900 shares of the company's stock valued at $485,000 after acquiring an additional 286 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Federated Hermes by 1.9% during the first quarter. Nisa Investment Advisors LLC now owns 16,713 shares of the company's stock worth $681,000 after acquiring an additional 317 shares during the period. Finally, Signaturefd LLC boosted its position in Federated Hermes by 11.2% in the first quarter. Signaturefd LLC now owns 4,354 shares of the company's stock worth $178,000 after purchasing an additional 439 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

Federated Hermes Stock Performance

NYSE:FHI traded up $0.7650 on Friday, reaching $53.4550. 357,103 shares of the company's stock were exchanged, compared to its average volume of 797,572. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.72 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. The stock has a fifty day simple moving average of $47.84 and a 200-day simple moving average of $42.65. Federated Hermes, Inc. has a 52 week low of $33.29 and a 52 week high of $54.16.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.17. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%.The firm had revenue of $424.84 million for the quarter, compared to the consensus estimate of $424.83 million. During the same quarter in the prior year, the business posted $0.96 earnings per share. The business's quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a $0.34 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.36 annualized dividend and a yield of 2.5%. Federated Hermes's dividend payout ratio (DPR) is currently 30.16%.

Insiders Place Their Bets

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of Federated Hermes stock in a transaction dated 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 transaction, the vice president owned 316,930 shares of the company's stock, valued at $13,355,430.20. The trade was a 1.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada raised their target price on Federated Hermes from $45.00 to $51.00 and gave the company a "sector perform" rating in a research report on Thursday, August 14th. TD Cowen lowered shares of Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Evercore ISI lifted their price objective on shares of 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 cut shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Federated Hermes from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $40.00 to $54.00 in a research note on Monday, August 4th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average 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.