Knights of Columbus Asset Advisors LLC Increases Holdings in Federated Hermes, Inc. (NYSE:FHI)

Knights of Columbus Asset Advisors LLC grew its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 32.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,796 shares of the company's stock after purchasing an additional 29,930 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.14% of Federated Hermes worth $4,158,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FHI. BlackRock Inc. raised its holdings in shares of Federated Hermes by 3.7% in the first quarter. BlackRock Inc. now owns 13,001,719 shares of the company's stock worth $442,838,000 after buying an additional 466,504 shares during the period. Vanguard Group Inc. raised its holdings in shares of Federated Hermes by 0.8% in the first quarter. Vanguard Group Inc. now owns 9,230,986 shares of the company's stock worth $314,407,000 after buying an additional 73,168 shares during the period. FMR LLC raised its holdings in shares of Federated Hermes by 12.6% in the third quarter. FMR LLC now owns 5,033,058 shares of the company's stock worth $170,470,000 after buying an additional 562,232 shares during the period. Schneider Downs Wealth Management Advisors LP raised its holdings in shares of Federated Hermes by 0.9% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 3,172,520 shares of the company's stock worth $107,453,000 after buying an additional 27,321 shares during the period. Finally, State Street Corp raised its holdings in shares of Federated Hermes by 0.8% in the first quarter. State Street Corp now owns 2,898,040 shares of the company's stock worth $116,327,000 after buying an additional 24,211 shares during the period. 75.94% of the stock is owned by institutional investors.

Federated Hermes Stock Up 0.9 %

Shares of NYSE:FHI traded up $0.33 on Friday, reaching $35.29. The company had a trading volume of 1,319,158 shares, compared to its average volume of 764,334. Federated Hermes, Inc. has a 52-week low of $30.23 and a 52-week high of $43.64. The firm's 50 day simple moving average is $35.68 and its 200-day simple moving average is $34.08. The firm has a market capitalization of $2.98 billion, a PE ratio of 10.35, a PEG ratio of 0.82 and a beta of 1.12. The company has a current ratio of 2.51, a quick ratio of 1.89 and a debt-to-equity ratio of 0.31.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings results on Friday, January 26th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.12. Federated Hermes had a return on equity of 26.76% and a net margin of 18.58%. The business had revenue of $391.50 million for the quarter, compared to the consensus estimate of $396.97 million. During the same period last year, the business posted $0.90 EPS. The business's revenue was up 4.7% compared to the same quarter last year. As a group, analysts expect that Federated Hermes, Inc. will post 3.76 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were issued a $0.28 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.17%. Federated Hermes's dividend payout ratio is presently 32.84%.

Analysts Set New Price Targets

Several research analysts have commented on FHI shares. JPMorgan Chase & Co. raised their price objective on Federated Hermes from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Wednesday. TD Cowen started coverage on Federated Hermes in a report on Thursday, January 4th. They set a "market perform" rating and a $32.00 price objective on the stock. UBS Group raised their price objective on Federated Hermes from $37.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, April 12th. Finally, Royal Bank of Canada raised their price objective on Federated Hermes from $36.00 to $37.00 and gave the stock a "sector perform" rating in a report on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.50.

Insider Activity

In other news, VP Meter Stephen Van sold 1,660 shares of the firm's stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $36.15, for a total value of $60,009.00. Following the completion of the sale, the vice president now owns 31,689 shares of the company's stock, valued at approximately $1,145,557.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Meter Stephen Van sold 1,660 shares of the firm's stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $36.15, for a total value of $60,009.00. Following the completion of the sale, the vice president now owns 31,689 shares of the company's stock, valued at approximately $1,145,557.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 8,302 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $36.15, for a total value of $300,117.30. Following the completion of the sale, the chief executive officer now directly owns 178,176 shares of the company's stock, valued at approximately $6,441,062.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 115,435 shares of company stock worth $4,092,831. 3.70% of the stock is currently owned by company 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.