Mariner LLC Buys New Shares in Federated Hermes, Inc. (NYSE:FHI)

Mariner LLC purchased a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,539 shares of the company's stock, valued at approximately $392,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FHI. R Squared Ltd acquired a new position in shares of Federated Hermes during the fourth quarter worth approximately $43,000. Sound Income Strategies LLC acquired a new position in Federated Hermes during the 4th quarter worth $53,000. GAMMA Investing LLC boosted its position in Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock valued at $70,000 after buying an additional 646 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Federated Hermes in the 4th quarter valued at $73,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Federated Hermes by 112.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company's stock valued at $109,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 75.94% of the company's stock.

Federated Hermes Trading Down 0.4 %

Shares of NYSE FHI traded down $0.17 during midday trading on Monday, reaching $41.54. 605,572 shares of the stock were exchanged, compared to its average volume of 730,609. 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, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The business has a 50-day simple moving average of $38.86 and a two-hundred day simple moving average of $39.78. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 1.00 and a beta of 0.77.

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 the consensus estimate 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 the consensus estimate of $425.43 million. During the same period in the prior year, the company earned $0.89 earnings per share. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Thursday, May 8th. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio is 38.31%.

Analyst Ratings Changes

FHI has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. StockNews.com upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Evercore ISI lifted their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Royal Bank of Canada cut their price target on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Federated Hermes presently has an average rating of "Hold" and an average target price of $41.67.

Insider Transactions at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business'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 sale, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is owned by insiders.

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.