Murphy Pohlad Asset Management LLC Trims Position in Federated Hermes, Inc. (NYSE:FHI)

Murphy Pohlad Asset Management LLC reduced its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 69,496 shares of the company's stock after selling 12,850 shares during the quarter. Murphy Pohlad Asset Management LLC owned 0.09% of Federated Hermes worth $2,833,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Federated Hermes by 53.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock worth $52,493,000 after buying an additional 446,683 shares during the period. LSV Asset Management lifted its stake in Federated Hermes by 48.2% during the 4th quarter. LSV Asset Management now owns 870,776 shares of the company's stock worth $35,798,000 after acquiring an additional 283,300 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in 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 acquiring an additional 278,524 shares during the period. Norges Bank acquired a new position in Federated Hermes in the 4th quarter valued at about $10,639,000. Finally, FMR LLC grew its position in 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 acquiring an additional 253,553 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

Analyst Upgrades and Downgrades

FHI has been the topic of several research reports. Royal Bank Of Canada increased their price target on shares of Federated Hermes from $37.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Wall Street Zen raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a research 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. Finally, Evercore ISI increased their price target 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 analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Federated Hermes presently has a consensus rating of "Hold" and an average target price of $42.33.

Insider Buying and Selling

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

Federated Hermes Stock Up 0.4%

Shares of NYSE:FHI traded up $0.17 on Thursday, hitting $42.21. 1,192,636 shares of the company's stock were exchanged, compared to its average volume of 738,976. Federated Hermes, Inc. has a 1-year low of $31.59 and a 1-year high of $43.92. The company has a market capitalization of $3.34 billion, a PE ratio of 11.89, a P/E/G ratio of 0.79 and a beta of 0.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.35 and a current ratio of 3.04. The firm's 50-day moving average is $41.13 and its 200 day moving average is $40.13.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.19. Federated Hermes had a return on equity of 32.17% and a net margin of 17.74%. The firm had revenue of $423.54 million during the quarter, compared to the consensus estimate of $425.43 million. During the same period in the prior year, the company posted $0.89 earnings per share. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. Sell-side analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The business 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 dividend yield of 3.22%. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date was Thursday, May 8th. Federated Hermes's dividend payout ratio (DPR) is 38.31%.

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.