Teza Capital Management LLC Invests $243,000 in Federated Hermes, Inc. (NYSE:FHI)

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in Federated Hermes in the fourth quarter worth approximately $292,000. Inspire Investing LLC bought a new stake in shares of Federated Hermes during the 4th quarter worth $829,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock worth $37,618,000 after acquiring an additional 145,878 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Federated Hermes during the fourth quarter worth $461,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Federated Hermes during the fourth quarter worth $585,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group increased their price target on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Evercore ISI boosted their price target on shares of Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Royal Bank of Canada upped their price target on shares of Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Finally, StockNews.com upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Federated Hermes presently has a consensus rating of "Hold" and an average target price of $42.33.

Federated Hermes Stock Down 0.1%

FHI stock opened at $42.87 on Wednesday. Federated Hermes, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.00 and a beta of 0.77. The company has a 50 day moving average of $39.87 and a two-hundred day moving average of $40.06.

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

Federated Hermes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, May 8th. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.17%. Federated Hermes's dividend payout ratio (DPR) is 38.31%.

Federated Hermes 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.

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