Villanova Investment Management Co LLC Has $382,000 Stock Holdings in 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 reduced its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 76.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,369 shares of the company's stock after selling 31,039 shares during the quarter. Villanova Investment Management Co LLC's holdings in Federated Hermes were worth $382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FHI. Charles Schwab Investment Management Inc. increased its holdings in Federated Hermes by 249.7% in 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 bought a new stake in shares of Federated Hermes in the 1st quarter worth about $14,048,000. Invenomic Capital Management LP bought a new stake in shares of Federated Hermes in the 1st quarter worth about $11,696,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Federated Hermes in the 1st quarter worth about $11,208,000. Finally, Vanguard Group Inc. grew its holdings in shares of Federated Hermes by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company's stock worth $357,178,000 after purchasing an additional 265,590 shares during the last quarter. Institutional investors own 75.94% of the company's stock.

Wall Street Analysts Forecast Growth

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

Federated Hermes Trading Down 0.8%

Federated Hermes stock traded down $0.42 during trading hours on Friday, reaching $53.68. 338,257 shares of the company's stock traded hands, compared to its average volume of 495,845. 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 fifty-two week low of $34.44 and a fifty-two week high of $54.42. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.74 and a beta of 0.84. The firm's 50 day moving average is $50.70 and its 200-day moving average is $44.22.

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

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were given a dividend of $0.34 per share. The ex-dividend date was Friday, August 8th. This represents a $1.36 dividend on an annualized basis and a yield of 2.5%. Federated Hermes's dividend payout ratio is presently 30.16%.

About Federated Hermes

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.