Nebula Research & Development LLC Purchases 28,432 Shares of Federated Hermes, Inc. (NYSE:FHI)

Nebula Research & Development LLC raised its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 123.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,418 shares of the company's stock after buying an additional 28,432 shares during the period. Nebula Research & Development LLC owned about 0.06% of Federated Hermes worth $2,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FHI. R Squared Ltd purchased a new stake in shares of Federated Hermes in the fourth quarter worth $43,000. Sound Income Strategies LLC purchased a new stake in shares of Federated Hermes in the fourth quarter worth $53,000. GAMMA Investing LLC increased its stake in shares of Federated Hermes by 60.9% in the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock worth $70,000 after purchasing an additional 646 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Federated Hermes during the 4th quarter valued at about $73,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Federated Hermes by 112.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company's stock worth $109,000 after purchasing an additional 1,400 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company'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 transaction of $215,240.26. Following the transaction, the chief executive officer now owns 179,096 shares of the company's stock, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group boosted their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. StockNews.com upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada decreased their target price on 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $41.67.

Federated Hermes Trading Down 0.2 %

NYSE FHI traded down $0.09 during trading hours on Wednesday, hitting $40.32. 260,464 shares of the company were exchanged, compared to its average volume of 883,544. The stock has a 50-day moving average price of $38.67 and a 200 day moving average price of $39.70. 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 52 week low of $31.24 and a 52 week high of $43.92. The stock has a market cap of $3.28 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84.

Federated Hermes (NYSE:FHI - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.19. The firm had revenue of $423.54 million for the quarter, compared to analysts' expectations of $425.43 million. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The firm 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 dividend of $0.34 per share. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.37%. Federated Hermes's dividend payout ratio is currently 38.31%.

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.