Robeco Institutional Asset Management B.V. Has $3.33 Million Stake in Federated Hermes, Inc. $FHI

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Federated Hermes by 16.1%, bringing its total ownership to 75,050 shares valued at approximately $3.33 million.
• The company reported an EPS of $1.16 for the latest quarter, exceeding expectations, with a revenue of $424.84 million, reflecting a year-over-year growth of 5.5%.
• Federated Hermes has recently announced a quarterly dividend of $0.34 per share, offering an annualized dividend yield of 2.6%.

Robeco Institutional Asset Management B.V. raised its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 16.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 75,050 shares of the company's stock after purchasing an additional 10,410 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of Federated Hermes worth $3,326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in shares of Federated Hermes by 246.6% in the 1st quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock worth $35,000 after purchasing an additional 614 shares during the period. AdvisorNet Financial Inc acquired a new position in shares of Federated Hermes during the 2nd quarter valued at $44,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Federated Hermes by 22.7% during the 1st 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. Virtus Advisers LLC acquired a new position in shares of Federated Hermes during the 1st quarter valued at $72,000. Finally, UMB Bank n.a. lifted its position in shares of Federated Hermes by 55.1% during the 1st quarter. UMB Bank n.a. now owns 2,065 shares of the company's stock valued at $84,000 after acquiring an additional 734 shares during the period. Institutional investors and hedge funds own 75.94% of the company's stock.

Federated Hermes Stock Performance

Shares of FHI stock opened at $51.93 on Tuesday. The firm has a market capitalization of $4.03 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.69 and a beta of 0.80. The firm has a fifty day simple moving average of $52.31 and a two-hundred day simple moving average of $45.74. The company has a current ratio of 3.37, a quick ratio of 2.32 and a debt-to-equity ratio of 0.31. Federated Hermes, Inc. has a 12 month low of $35.05 and a 12 month high of $54.42.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.17. The business had revenue of $424.84 million during the quarter, compared to analyst estimates of $424.83 million. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. Federated Hermes's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. Analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

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

Wall Street Analysts Forecast Growth

FHI has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Federated Hermes from $48.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. upgraded shares of Federated Hermes from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $40.00 to $54.00 in a research report on Monday, August 4th. Zacks Research downgraded shares of Federated Hermes from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 12th. Weiss Ratings reiterated a "buy (b)" rating on shares of Federated Hermes in a research report on Saturday, September 27th. Finally, Royal Bank Of Canada boosted their price target 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. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $48.17.

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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