Villanova Investment Management Co LLC Sells 31,039 Shares of Federated Hermes, Inc. $FHI

Key Points

• Villanova Investment Management Co LLC reduced its holdings in Federated Hermes, Inc. by 76.8%, resulting in ownership of 9,369 shares valued at approximately $382,000.
• Deutsche Bank AG increased its stake in Federated Hermes by 38.5% during the same period, owning 24,213 shares worth around $987,000.
• Federated Hermes declared a quarterly dividend of $0.34 per share, translating to an annualized dividend of $1.36 and a yield of 2.6% with a payout ratio of 30.16%.

Villanova Investment Management Co LLC trimmed its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 76.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,369 shares of the company's stock after selling 31,039 shares during the period. Villanova Investment Management Co LLC's holdings in Federated Hermes were worth $382,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in shares of Federated Hermes by 246.6% during the first quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock valued at $35,000 after purchasing an additional 614 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Federated Hermes by 22.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company's stock valued at $63,000 after purchasing an additional 287 shares during the last quarter. Virtus Advisers LLC purchased a new position in shares of Federated Hermes during the first quarter valued at approximately $72,000. UMB Bank n.a. lifted its holdings in shares of Federated Hermes by 55.1% during the first quarter. UMB Bank n.a. now owns 2,065 shares of the company's stock valued at $84,000 after purchasing an additional 734 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Federated Hermes in the 4th quarter valued at approximately $90,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Stock Performance

FHI traded down $0.39 during mid-day trading on Tuesday, reaching $52.39. 125,133 shares of the company traded hands, compared to its average volume of 792,047. The stock has a market capitalization of $4.06 billion, a P/E ratio of 11.62, a P/E/G ratio of 0.73 and a beta of 0.84. The company has a quick ratio of 2.32, a current ratio of 3.37 and a debt-to-equity ratio of 0.31. The company's fifty day moving average price is $50.85 and its 200-day moving average price is $44.36. Federated Hermes, Inc. has a 52-week low of $35.05 and a 52-week high of $54.42.

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

Federated Hermes Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.