Universal Beteiligungs und Servicegesellschaft mbH Takes $5.82 Million Position in Federated Hermes, Inc. (NYSE:FHI)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 141,495 shares of the company's stock, valued at approximately $5,817,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.17% of Federated Hermes as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Federated Hermes by 53.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock valued at $52,493,000 after purchasing an additional 446,683 shares in the last quarter. LSV Asset Management raised its stake in shares of Federated Hermes by 48.2% during the fourth quarter. LSV Asset Management now owns 870,776 shares of the company's stock worth $35,798,000 after purchasing an additional 283,300 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Federated Hermes by 51.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 818,408 shares of the company's stock worth $33,645,000 after purchasing an additional 278,524 shares during the last quarter. Norges Bank purchased a new position in Federated Hermes in the fourth quarter worth $10,639,000. Finally, FMR LLC increased its position in shares of Federated Hermes by 4.5% in the fourth quarter. FMR LLC now owns 5,919,888 shares of the company's stock valued at $243,367,000 after buying an additional 253,553 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FHI shares. 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. Evercore ISI raised their price target on Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. TD Cowen downgraded Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $41.00 target price (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have given 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.com, the company presently has a consensus rating of "Hold" and a consensus price target of $42.33.

Federated Hermes Stock Performance

NYSE:FHI traded up $0.22 during midday trading on Tuesday, reaching $42.38. 828,468 shares of the company traded hands, compared to its average volume of 735,633. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The company has a fifty day moving average price of $40.27 and a 200 day moving average price of $40.10.

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

Federated Hermes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Thursday, May 8th. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's payout ratio is currently 38.31%.

Insider Transactions at Federated Hermes

In other news, VP Paul A. Uhlman sold 6,057 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $42.14, for a total transaction of $255,241.98. Following the sale, the vice president now directly owns 316,930 shares of the company's stock, valued at $13,355,430.20. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.80% of the company's stock.

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.