10,187 Shares in Federated Hermes, Inc. $FHI Bought by Three Seasons Wealth LLC

Key Points

• Three Seasons Wealth LLC has invested approximately $451,000 in Federated Hermes, acquiring 10,187 shares during the second quarter, according to their recent 13F filing.
• Several institutional investors have increased their stakes in Federated Hermes, with LPL Financial LLC increasing their position by 373.9% to own 91,474 shares valued at $3.7 million.
• Federated Hermes recently reported earnings of $1.16 per share, surpassing analysts' expectations, and has declared a quarterly dividend of $0.34 per share, yielding 2.5% annually.

Three Seasons Wealth LLC purchased a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,187 shares of the company's stock, valued at approximately $451,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in Federated Hermes by 249.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company's stock valued at $130,446,000 after buying an additional 2,284,509 shares during the period. Empowered Funds LLC purchased a new position in Federated Hermes during the first quarter valued at approximately $14,048,000. Invenomic Capital Management LP purchased a new position in Federated Hermes during the first quarter valued at approximately $11,696,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Federated Hermes in the first quarter worth $11,208,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Federated Hermes by 3.1% in the first quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company's stock worth $357,178,000 after buying an additional 265,590 shares in the last quarter. Institutional investors own 75.94% of the company's stock.

Federated Hermes Stock Up 0.1%

Shares of FHI stock traded up $0.04 on Tuesday, reaching $52.49. 195,736 shares of the company's stock traded hands, compared to its average volume of 804,289. The business's 50 day moving average price is $51.52 and its two-hundred day moving average price is $44.85. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.37. Federated Hermes, Inc. has a 12-month low of $35.05 and a 12-month high of $54.42. The company has a market capitalization of $4.07 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 0.70 and a beta of 0.84.

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

Federated Hermes Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.