Paragon Capital Management Ltd Acquires New Stake in Federated Hermes, Inc. $FHI

Key Points

• Paragon Capital Management Ltd acquired a new stake in Federated Hermes, Inc., purchasing 4,930 shares valued at approximately $218,000 during the second quarter.
• Multiple institutional investors have increased their holdings in Federated Hermes, resulting in 75.94% of the company's stock now being owned by institutional investors.
• Analysts have mixed ratings for Federated Hermes, with an average rating of "Hold" and a consensus price target of $48.17, despite recent upgrades from firms like Evercore ISI and JPMorgan Chase & Co.

Paragon Capital Management Ltd acquired a new stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 4,930 shares of the company's stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Diversified Trust Co lifted its holdings in Federated Hermes by 2.6% in the second quarter. Diversified Trust Co now owns 9,036 shares of the company's stock valued at $400,000 after acquiring an additional 229 shares during the period. Hohimer Wealth Management LLC lifted its holdings in Federated Hermes by 3.8% in the first quarter. Hohimer Wealth Management LLC now owns 6,795 shares of the company's stock valued at $277,000 after acquiring an additional 249 shares during the period. CW Advisors LLC lifted its holdings in Federated Hermes by 3.8% in the first quarter. CW Advisors LLC now owns 7,168 shares of the company's stock valued at $292,000 after acquiring an additional 261 shares during the period. Pacer Advisors Inc. lifted its holdings in Federated Hermes by 2.5% in 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 period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Federated Hermes by 22.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company's stock valued at $63,000 after acquiring an additional 287 shares during the period. Institutional investors and hedge funds own 75.94% of the company's stock.

Analyst Ratings Changes

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

Federated Hermes Trading Up 0.8%

NYSE:FHI opened at $52.00 on Friday. The stock has a fifty day simple moving average of $51.94 and a 200-day simple moving average of $45.13. Federated Hermes, Inc. has a 52-week low of $35.05 and a 52-week high of $54.42. The company has a market capitalization of $4.03 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 0.69 and a beta of 0.84. 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 announced its earnings results on Thursday, July 31st. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.17. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The firm had revenue of $424.84 million during the quarter, compared to the consensus estimate of $424.83 million. During the same quarter in the previous year, the company posted $0.96 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

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

About Federated Hermes

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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