Teza Capital Management LLC Buys Shares of 5,915 Federated Hermes, Inc. (NYSE:FHI)

Teza Capital Management LLC acquired a new position in Federated Hermes, Inc. (NYSE:FHI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,915 shares of the company's stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its position in shares of Federated Hermes by 228.6% during the 3rd quarter. Barclays PLC now owns 215,650 shares of the company's stock valued at $7,930,000 after buying an additional 150,017 shares in the last quarter. MBM Wealth Consultants LLC increased its position in shares of Federated Hermes by 6.8% during the 4th quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock valued at $306,000 after purchasing an additional 474 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Federated Hermes during the 4th quarter valued at about $829,000. Sound Income Strategies LLC bought a new stake in shares of Federated Hermes in the 4th quarter worth approximately $53,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Federated Hermes by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company's stock valued at $914,000 after purchasing an additional 560 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Trading Down 1.1%

Shares of FHI stock traded down $0.45 during trading hours on Monday, reaching $42.11. The company's stock had a trading volume of 629,026 shares, compared to its average volume of 733,859. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The stock has a market capitalization of $3.33 billion, a P/E ratio of 13.20, a P/E/G ratio of 1.00 and a beta of 0.77. The firm's fifty day simple moving average is $40.05 and its 200 day simple moving average is $40.09.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.44% and a return on equity of 30.31%. The business had revenue of $423.54 million for the quarter, compared to the consensus estimate of $425.43 million. During the same period in the previous year, the firm earned $0.89 EPS. The company's quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.36 annualized dividend and a dividend yield of 3.23%. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's payout ratio is currently 38.31%.

Analyst Upgrades and Downgrades

FHI has been the topic of a number of analyst reports. Evercore ISI lifted their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. UBS Group lifted their price target on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. TD Cowen cut shares of Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Federated Hermes has an average rating of "Hold" and an average target price of $42.33.

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.