Federated Hermes, Inc. (NYSE:FHI) Holdings Decreased by First Trust Advisors LP

First Trust Advisors LP lessened its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,833 shares of the company's stock after selling 51,927 shares during the quarter. First Trust Advisors LP owned approximately 0.31% of Federated Hermes worth $10,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Federated Hermes by 4.5% during the fourth quarter. FMR LLC now owns 5,919,888 shares of the company's stock worth $243,367,000 after acquiring an additional 253,553 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Federated Hermes by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,282,252 shares of the company's stock worth $52,731,000 after purchasing an additional 32,070 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 during the period. Charles Schwab Investment Management Inc. increased its stake in Federated Hermes by 19.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock valued at $37,618,000 after purchasing an additional 145,878 shares during the last quarter. Finally, LSV Asset Management lifted its position in 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 buying an additional 283,300 shares during the period. Institutional investors and hedge funds own 75.94% of the company's stock.

Federated Hermes Stock Up 2.4 %

NYSE FHI traded up $0.97 during trading hours on Friday, hitting $41.74. The company had a trading volume of 705,290 shares, compared to its average volume of 732,451. The firm's 50 day moving average is $38.79 and its 200 day moving average is $39.73. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 1.00 and a beta of 0.84. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.91 by $0.19. The business had revenue of $423.54 million for the quarter, compared to the consensus estimate of $425.43 million. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The company's revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 3.26%. Federated Hermes's dividend payout ratio is 38.31%.

Insider Buying and Selling

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the sale, the chief executive officer now owns 179,096 shares of the company's stock, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on FHI shares. Royal Bank of Canada lowered their price target on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a report on Tuesday, January 28th. Evercore ISI upped their price target on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. StockNews.com upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday. Finally, UBS Group boosted 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $41.67.

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.