Vanguard Personalized Indexing Management LLC Purchases 4,117 Shares of Federated Hermes, Inc. (NYSE:FHI)

Vanguard Personalized Indexing Management LLC boosted its holdings in Federated Hermes, Inc. (NYSE:FHI) by 27.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,972 shares of the company’s stock after buying an additional 4,117 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Federated Hermes were worth $624,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FHI. Headlands Technologies LLC lifted its holdings in shares of Federated Hermes by 607.7% during the first quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after purchasing an additional 711 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Federated Hermes during the 2nd quarter valued at about $47,000. Hexagon Capital Partners LLC grew its stake in shares of Federated Hermes by 30.5% in the first quarter. Hexagon Capital Partners LLC now owns 1,358 shares of the company’s stock worth $49,000 after acquiring an additional 317 shares during the period. Neo Ivy Capital Management lifted its position in Federated Hermes by 637.5% during the fourth quarter. Neo Ivy Capital Management now owns 1,416 shares of the company’s stock valued at $48,000 after purchasing an additional 1,224 shares during the period. Finally, UMB Bank n.a. lifted its position in Federated Hermes by 26.0% during the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after purchasing an additional 296 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Stock Down 0.9 %

FHI stock opened at $36.95 on Thursday. The business’s 50-day moving average price is $34.28 and its 200-day moving average price is $33.98. The stock has a market cap of $3.05 billion, a P/E ratio of 10.59, a PEG ratio of 1.44 and a beta of 1.16. Federated Hermes, Inc. has a twelve month low of $30.23 and a twelve month high of $37.43. The company has a quick ratio of 2.09, a current ratio of 2.75 and a debt-to-equity ratio of 0.34.

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

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, August 8th. This is a boost from Federated Hermes’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a yield of 3.36%. Federated Hermes’s dividend payout ratio (DPR) is currently 35.23%.

Insider Activity

In related news, VP John B. Fisher sold 79,830 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.71, for a total transaction of $2,611,239.30. Following the completion of 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 is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

FHI has been the subject of a number of research reports. UBS Group decreased their target price on shares of Federated Hermes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Evercore ISI lowered their target price on Federated Hermes from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. StockNews.com downgraded Federated Hermes from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. increased their price objective on shares of Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, TD Cowen cut their target price on shares of Federated Hermes from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Federated Hermes presently has a consensus rating of “Hold” and a consensus price target of $37.67.

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.