First Trust Advisors LP Has $10.56 Million Holdings in Federated Hermes, Inc. (NYSE:FHI)

First Trust Advisors LP trimmed its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 16.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 256,833 shares of the company’s stock after selling 51,927 shares during the period. First Trust Advisors LP owned approximately 0.31% of Federated Hermes worth $10,558,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in Federated Hermes in the fourth quarter valued at approximately $43,000. Sound Income Strategies LLC bought a new position in shares of Federated Hermes in the 4th quarter valued at $53,000. GAMMA Investing LLC raised its holdings 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 worth $70,000 after buying an additional 646 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Federated Hermes in the fourth quarter valued at about $73,000. Finally, Jones Financial Companies Lllp grew its position in Federated Hermes by 112.4% in the fourth 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 during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Trading Down 0.6 %

NYSE FHI opened at $39.85 on Tuesday. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.24 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The business’s 50-day moving average price is $38.63 and its two-hundred day moving average price is $39.69.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. The business 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 for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. On average, analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be issued a $0.34 dividend. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 8th. This represents a $1.36 annualized dividend and a yield of 3.41%. Federated Hermes’s payout ratio is presently 38.31%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. UBS Group increased their price target on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada lowered their target price on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a report on Tuesday, January 28th. Finally, 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 research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Federated Hermes currently has a consensus rating of “Hold” and an average price target of $41.67.

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.