58,440 Shares in Federated Hermes, Inc. (NYSE:FHI) Purchased by Mubadala Investment Co PJSC

Mubadala Investment Co PJSC bought a new stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 58,440 shares of the company's stock, valued at approximately $2,402,000. Mubadala Investment Co PJSC owned 0.07% of Federated Hermes as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Federated Hermes in the 4th quarter valued at approximately $37,000. R Squared Ltd bought a new position in Federated Hermes in the fourth quarter worth $43,000. Sound Income Strategies LLC acquired a new stake in Federated Hermes during the fourth quarter worth $53,000. C M Bidwell & Associates Ltd. bought a new stake in Federated Hermes in the fourth quarter valued at about $73,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Federated Hermes in the 4th quarter valued at approximately $90,000. 75.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FHI has been the topic of several research analyst reports. TD Cowen cut shares of Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday. Evercore ISI raised their price target on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, April 28th. UBS Group lifted their price objective on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. StockNews.com upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $42.33.

Federated Hermes Trading Up 0.8%

NYSE:FHI traded up $0.36 during trading hours on Friday, hitting $43.32. The stock had a trading volume of 862,485 shares, compared to its average volume of 732,305. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The business's 50 day moving average is $39.66 and its 200-day moving average is $40.03. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 1.00 and a beta of 0.77.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly 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. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The company had revenue of $423.54 million during the quarter, compared to analysts' expectations of $425.43 million. During the same period last year, the business earned $0.89 EPS. The business's quarterly revenue was up 6.8% on a year-over-year basis. 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Thursday, May 8th. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio is presently 38.31%.

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.