Lindbrook Capital LLC Raises Stock Holdings in Federated Hermes, Inc. (NYSE:FHI)

Lindbrook Capital LLC raised its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 136,875.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,479 shares of the company's stock after acquiring an additional 5,475 shares during the quarter. Lindbrook Capital LLC's holdings in Federated Hermes were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Federated Hermes by 4.5% in the 4th quarter. FMR LLC now owns 5,919,888 shares of the company's stock valued at $243,367,000 after purchasing an additional 253,553 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Federated Hermes by 3.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,263 shares of the company's stock worth $77,626,000 after purchasing an additional 63,664 shares in the last quarter. Geode Capital Management LLC lifted its position in Federated Hermes by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,282,252 shares of the company's stock valued at $52,731,000 after buying an additional 32,070 shares during the period. LSV Asset Management boosted its holdings in shares of Federated Hermes by 48.2% during the 4th 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Federated Hermes by 51.6% during 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. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total transaction of $255,241.98. Following the transaction, the vice president directly owned 316,930 shares in the company, valued at $13,355,430.20. This represents a 1.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is currently owned by company insiders.

Federated Hermes Trading Up 1.6%

Shares of NYSE FHI opened at $48.16 on Wednesday. The stock has a market capitalization of $3.81 billion, a P/E ratio of 13.56, a PEG ratio of 0.87 and a beta of 0.78. Federated Hermes, Inc. has a 1-year low of $31.94 and a 1-year high of $48.19. The business's 50 day moving average is $43.57 and its two-hundred day moving average is $40.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.04 and a quick ratio of 2.35.

Federated Hermes (NYSE:FHI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.19. Federated Hermes had a net margin of 17.74% and a return on equity of 32.17%. The firm had revenue of $423.54 million during the quarter, compared to analysts' expectations of $425.43 million. During the same period in the previous year, the company earned $0.89 EPS. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts expect 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 issued a dividend of $0.34 per share. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, May 8th. Federated Hermes's dividend payout ratio (DPR) is presently 38.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TD Cowen lowered Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upped their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. Evercore ISI increased their price target on shares of Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Wall Street Zen upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. Finally, Royal Bank Of Canada upped their price objective on Federated Hermes from $43.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $42.50.

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.

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