Federated Hermes, Inc. (NYSE:FHI) Stake Increased by EntryPoint Capital LLC

EntryPoint Capital LLC raised its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 73.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,036 shares of the company’s stock after acquiring an additional 5,109 shares during the quarter. EntryPoint Capital LLC’s holdings in Federated Hermes were worth $495,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FHI. FMR LLC lifted its position in shares of Federated Hermes by 2.5% during the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock worth $208,351,000 after purchasing an additional 137,245 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Federated Hermes by 53.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company’s stock valued at $52,493,000 after buying an additional 446,683 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Federated Hermes by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock worth $45,982,000 after buying an additional 92,643 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock worth $37,618,000 after acquiring an additional 145,878 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Federated Hermes by 13.1% in the 3rd quarter. Two Sigma Advisers LP now owns 787,400 shares of the company’s stock valued at $28,953,000 after acquiring an additional 90,900 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Stock Performance

Shares of FHI opened at $41.19 on Wednesday. The firm has a market capitalization of $3.35 billion, a PE ratio of 12.91, a P/E/G ratio of 1.00 and a beta of 1.10. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $38.77 and a 200 day moving average price of $39.26. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. On average, sell-side analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.01%. Federated Hermes’s dividend payout ratio (DPR) is 38.87%.

Analysts Set New Price Targets

A number of research firms have commented on FHI. UBS Group lifted their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Friday, March 21st. Royal Bank of Canada lowered their price objective on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 28th. Finally, 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 note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.17.

Insider Activity at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.70% of the company’s stock.

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.