Nomura Holdings Inc. Invests $425,000 in Federated Hermes, Inc. (NYSE:FHI)

Nomura Holdings Inc. bought a new stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,339 shares of the company's stock, valued at approximately $425,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased 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 buying an additional 253,553 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Federated Hermes by 3.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,263 shares of the company's stock valued at $77,626,000 after buying an additional 63,664 shares in the last quarter. Geode Capital Management LLC increased its position in Federated Hermes by 2.6% in the 4th 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 in the last quarter. Bank of New York Mellon Corp increased its position in 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 buying an additional 446,683 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock valued at $37,618,000 after buying an additional 145,878 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

FHI has been the subject of a number of research analyst reports. UBS Group boosted their target price on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. TD Cowen lowered Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Royal Bank of Canada lifted their price target on Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note 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 stock. According to MarketBeat.com, Federated Hermes presently has a consensus rating of "Hold" and an average target price of $42.33.

Federated Hermes Stock Up 0.9%

FHI stock traded up $0.36 during mid-day trading on Tuesday, reaching $42.44. 931,797 shares of the company traded hands, compared to its average volume of 734,651. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.00 and a beta of 0.77. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The firm's 50 day moving average price is $40.15 and its 200 day moving average price is $40.11.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.19. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The firm had revenue of $423.54 million for the quarter, compared to the consensus estimate of $425.43 million. During the same quarter in the previous year, the business earned $0.89 EPS. The company's revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Thursday, May 8th. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's payout ratio is presently 38.31%.

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.