Louisiana State Employees Retirement System Makes New $819,000 Investment in Federated Hermes, Inc. (NYSE:FHI)

Louisiana State Employees Retirement System bought a new position in Federated Hermes, Inc. (NYSE:FHI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 24,200 shares of the company's stock, valued at approximately $819,000.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in shares of Federated Hermes by 71.1% in the fourth quarter. Fifth Third Bancorp now owns 739 shares of the company's stock worth $25,000 after purchasing an additional 307 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Federated Hermes by 69.9% in the third quarter. Signaturefd LLC now owns 834 shares of the company's stock worth $28,000 after purchasing an additional 343 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Federated Hermes by 23.0% in the fourth quarter. Blue Trust Inc. now owns 2,708 shares of the company's stock worth $92,000 after purchasing an additional 507 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Federated Hermes in the fourth quarter worth about $128,000. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Federated Hermes in the third quarter worth about $200,000. 75.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FHI shares. JPMorgan Chase & Co. lifted their price target on Federated Hermes from $46.00 to $47.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 17th. Royal Bank of Canada lifted their price target on Federated Hermes from $36.00 to $37.00 and gave the stock a "sector perform" rating in a research report on Monday, January 29th. UBS Group lifted their price target on Federated Hermes from $37.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, April 12th. Finally, TD Cowen started coverage on Federated Hermes in a research report on Thursday, January 4th. They issued a "market perform" rating and a $32.00 price target for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.50.

Insider Activity at Federated Hermes

In related news, VP Meter Stephen Van sold 1,660 shares of the business's stock in a transaction that occurred 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 in the company, valued at $1,145,557.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Meter Stephen Van sold 1,660 shares of the business's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $36.15, for a total value of $60,009.00. Following the completion of the transaction, the vice president now owns 31,689 shares of the company's stock, valued at $1,145,557.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Saker Anwar Nusseibeh sold 8,302 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $36.15, for a total transaction of $300,117.30. Following the completion of the transaction, 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. Over the last quarter, insiders sold 115,435 shares of company stock worth $4,092,831. Company insiders own 3.70% of the company's stock.

Federated Hermes Trading Down 4.0 %

Shares of NYSE:FHI traded down $1.35 during trading hours on Friday, hitting $32.80. 1,806,404 shares of the company's stock traded hands, compared to its average volume of 780,194. Federated Hermes, Inc. has a 1 year low of $30.23 and a 1 year high of $42.57. The business has a fifty day moving average price of $35.59 and a 200-day moving average price of $34.10. The firm has a market capitalization of $2.77 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 0.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.51 and a quick ratio of 1.89.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. The business had revenue of $396.37 million during the quarter, compared to analyst estimates of $400.26 million. Federated Hermes had a return on equity of 27.16% and a net margin of 18.75%. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities analysts expect that Federated Hermes, Inc. will post 3.76 earnings per share for the current year.

Federated Hermes Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th will be issued a $1.31 dividend. This is a positive change from Federated Hermes's previous None dividend of $1.27. The ex-dividend date of this dividend is Tuesday, May 7th. Federated Hermes's payout ratio is presently 31.82%.

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.