Federated Hermes, Inc. (NYSE:FHI) Stock Holdings Raised by Headlands Technologies LLC

Headlands Technologies LLC lifted its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 134.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,945 shares of the company’s stock after buying an additional 1,117 shares during the quarter. Headlands Technologies LLC’s holdings in Federated Hermes were worth $64,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FHI. Charles Schwab Investment Management Inc. increased its stake in Federated Hermes by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 479,008 shares of the company’s stock valued at $16,219,000 after purchasing an additional 1,296 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Federated Hermes by 111.4% during the fourth quarter. BNP Paribas Financial Markets now owns 21,628 shares of the company’s stock worth $732,000 after acquiring an additional 11,396 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Federated Hermes by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,410,128 shares of the company’s stock worth $81,607,000 after acquiring an additional 49,928 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Federated Hermes by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 356,865 shares of the company’s stock worth $12,083,000 after acquiring an additional 5,636 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Federated Hermes by 37.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,849 shares of the company’s stock valued at $571,000 after acquiring an additional 4,570 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Trading Up 1.3 %

Shares of Federated Hermes stock opened at $35.23 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 2.75 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $33.94 and a 200-day simple moving average of $33.96. Federated Hermes, Inc. has a fifty-two week low of $30.23 and a fifty-two week high of $37.10. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.07. The company had revenue of $402.60 million for the quarter, compared to analysts’ expectations of $400.35 million. Federated Hermes had a return on equity of 28.60% and a net margin of 15.90%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. On average, equities analysts forecast that Federated Hermes, Inc. will post 3.62 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, August 8th. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a yield of 3.52%. Federated Hermes’s dividend payout ratio is currently 35.23%.

Insiders Place Their Bets

In other news, VP John B. Fisher sold 79,830 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.71, for a total transaction of $2,611,239.30. Following the sale, the vice president now owns 442,570 shares in the company, valued at $14,476,464.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group reduced their price objective on Federated Hermes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Evercore ISI reduced their price target on shares of Federated Hermes from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. StockNews.com cut shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. boosted their target price on shares of Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, TD Cowen dropped their price target on shares of Federated Hermes from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Federated Hermes currently has a consensus rating of “Hold” and a consensus price target of $37.67.

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.