Three Seasons Wealth LLC Acquires New Holdings in Federated Hermes, Inc. (NYSE:FHI)

Three Seasons Wealth LLC purchased a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,159 shares of the company's stock, valued at approximately $500,000.

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

Federated Hermes Price Performance

Shares of NYSE FHI traded down $0.09 during trading on Wednesday, reaching $40.32. The company had a trading volume of 260,464 shares, compared to its average volume of 728,212. 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 PEG ratio of 1.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The business's 50 day moving average price is $38.67 and its 200-day moving average price is $39.70.

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

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.37%. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 8th. Federated Hermes's payout ratio is 38.31%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.80% of the stock is currently 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.