Robeco Institutional Asset Management B.V. Purchases New Holdings in Federated Hermes, Inc. (NYSE:FHI)

Robeco Institutional Asset Management B.V. bought a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 64,640 shares of the company's stock, valued at approximately $2,635,000. Robeco Institutional Asset Management B.V. owned approximately 0.08% of Federated Hermes at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FHI. Walleye Capital LLC lifted its position in shares of Federated Hermes by 4.1% during the fourth quarter. Walleye Capital LLC now owns 6,877 shares of the company's stock worth $283,000 after purchasing an additional 269 shares in the last quarter. Amalgamated Bank increased its stake in Federated Hermes by 1.0% during the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company's stock worth $1,341,000 after buying an additional 313 shares during the period. Blue Trust Inc. lifted its holdings in Federated Hermes by 9.3% during the 1st quarter. Blue Trust Inc. now owns 5,314 shares of the company's stock worth $217,000 after buying an additional 453 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Federated Hermes by 4.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,324 shares of the company's stock worth $424,000 after buying an additional 474 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Federated Hermes by 246.6% in the 1st quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock valued at $35,000 after buying an additional 614 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Stock Up 0.4%

NYSE:FHI traded up $0.20 during trading hours on Thursday, hitting $45.49. The company's stock had a trading volume of 75,418 shares, compared to its average volume of 732,860. Federated Hermes, Inc. has a 52-week low of $31.94 and a 52-week high of $45.53. The company has a current ratio of 3.04, a quick ratio of 2.35 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $3.60 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 0.84 and a beta of 0.78. The stock has a fifty day moving average of $42.37 and a 200-day moving average of $40.21.

Federated Hermes (NYSE:FHI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.10 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 business had revenue of $423.54 million for the quarter, compared to the consensus estimate of $425.43 million. During the same quarter in the prior year, the business posted $0.89 EPS. The business's revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were paid a $0.34 dividend. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.99%. The ex-dividend date was Thursday, May 8th. Federated Hermes's dividend payout ratio is currently 38.31%.

Insider Buying and Selling at Federated Hermes

In related news, VP Paul A. Uhlman sold 6,057 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total value of $255,241.98. Following the transaction, the vice president directly owned 316,930 shares of the company's stock, valued at $13,355,430.20. This trade represents a 1.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Evercore ISI upped their price objective on Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Royal Bank Of Canada boosted their target price on Federated Hermes from $37.00 to $43.00 and gave the stock a "sector perform" rating in a research note 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. Finally, TD Cowen cut Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $42.33.

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.