Fuller & Thaler Asset Management Inc. Has $77.63 Million Stake in Federated Hermes, Inc. (NYSE:FHI)

Fuller & Thaler Asset Management Inc. raised its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,888,263 shares of the company's stock after purchasing an additional 63,664 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 2.31% of Federated Hermes worth $77,626,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake 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 acquiring an additional 446,683 shares during the period. LSV Asset Management increased its stake in Federated Hermes by 48.2% in the fourth quarter. LSV Asset Management now owns 870,776 shares of the company's stock valued at $35,798,000 after acquiring an additional 283,300 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Federated Hermes by 51.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 818,408 shares of the company's stock valued at $33,645,000 after buying an additional 278,524 shares in the last quarter. Norges Bank acquired a new position in Federated Hermes in the fourth quarter valued at about $10,639,000. Finally, FMR LLC boosted its position in 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. Institutional investors own 75.94% of the company's stock.

Wall Street Analyst Weigh In

FHI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated an "underweight" rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Royal Bank of Canada reduced their price target on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 28th. StockNews.com upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday. UBS Group upped their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $41.67.

Federated Hermes Trading Up 1.2 %

Shares of Federated Hermes stock traded up $0.49 during trading on Tuesday, reaching $40.35. 170,608 shares of the company were exchanged, compared to its average volume of 730,311. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The business has a 50-day moving average price of $38.63 and a 200-day moving average price of $39.69. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.00 and a beta of 0.84.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.19. The firm had revenue of $423.54 million for the quarter, compared to analyst estimates 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 for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. Sell-side analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, May 8th. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 3.37%. Federated Hermes's dividend payout ratio is 38.31%.

Insider Activity at Federated Hermes

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 stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $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 SEC, which is available at this link. Insiders own 3.80% of the company's stock.

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.