Marshall Financial Group LLC Takes Position in Federated Hermes, Inc. $FHI

Key Points

• Marshall Financial Group LLC made a new investment in Federated Hermes, purchasing approximately 22,200 shares valued at around $1.01 million in the second quarter.
• Federated Hermes recently experienced slight increases in its stock ratings, with JPMorgan Chase raising its price target from $40 to $54, while Evercore ISI raised theirs from $48 to $55.
• The company reported a quarterly earnings per share (EPS) of $1.16, surpassing analysts' expectations and reflecting a 5.5% year-over-year revenue growth.

Marshall Financial Group LLC purchased a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 22,200 shares of the company's stock, valued at approximately $1,012,000.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Federated Hermes by 246.6% in the first quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock worth $35,000 after acquiring an additional 614 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Federated Hermes by 22.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company's stock valued at $63,000 after buying an additional 287 shares in the last quarter. Virtus Advisers LLC acquired a new position in Federated Hermes during the first quarter valued at approximately $72,000. UMB Bank n.a. lifted its position in Federated Hermes by 55.1% during the first quarter. UMB Bank n.a. now owns 2,065 shares of the company's stock valued at $84,000 after buying an additional 734 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Federated Hermes during the fourth quarter valued at approximately $90,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FHI. Royal Bank Of Canada upped their target price on shares of Federated Hermes from $45.00 to $51.00 and gave the company a "sector perform" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. upgraded shares of Federated Hermes from an "underweight" rating to a "neutral" rating and upped their target price for the company from $40.00 to $54.00 in a research note on Monday, August 4th. Zacks Research downgraded shares of Federated Hermes from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Finally, Evercore ISI upped their price target on shares of Federated Hermes from $48.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Federated Hermes has a consensus rating of "Hold" and a consensus target price of $48.17.

Federated Hermes Stock Performance

Shares of NYSE:FHI traded down $0.57 on Friday, reaching $52.74. 3,279,470 shares of the company's stock were exchanged, compared to its average volume of 477,877. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.73 and a beta of 0.84. Federated Hermes, Inc. has a fifty-two week low of $35.05 and a fifty-two week high of $54.42. The business's 50-day moving average is $51.40 and its two-hundred day moving average is $44.68. The company has a quick ratio of 2.32, a current ratio of 3.37 and a debt-to-equity ratio of 0.31.

Federated Hermes (NYSE:FHI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.17. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The business had revenue of $424.84 million for the quarter, compared to analysts' expectations of $424.83 million. During the same quarter last year, the company earned $0.96 EPS. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, August 8th. Federated Hermes's dividend payout ratio is currently 30.16%.

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.