Dimensional Fund Advisors LP Trims Position in Federated Hermes, Inc. (NYSE:FHI)

Dimensional Fund Advisors LP cut its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,350,042 shares of the company’s stock after selling 39,205 shares during the period. Dimensional Fund Advisors LP’s holdings in Federated Hermes were worth $96,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Federated Hermes in the fourth quarter worth $43,000. Sound Income Strategies LLC purchased a new stake in Federated Hermes in the fourth quarter worth $53,000. GAMMA Investing LLC grew its stake in Federated Hermes by 60.9% in the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after purchasing an additional 646 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in Federated Hermes in the fourth quarter worth $73,000. Finally, Jones Financial Companies Lllp grew its stake in Federated Hermes by 112.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company’s stock worth $109,000 after purchasing an additional 1,400 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FHI has been the topic of several recent research reports. UBS Group upped their price target on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. StockNews.com raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, Royal Bank of Canada dropped their target price on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Federated Hermes presently has an average rating of “Hold” and a consensus target price of $41.67.

Federated Hermes Trading Down 0.6 %

Shares of NYSE:FHI opened at $39.85 on Tuesday. The company has a market cap of $3.24 billion, a P/E ratio of 12.49, a PEG ratio of 1.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. Federated Hermes, Inc. has a 1 year low of $31.24 and a 1 year high of $43.92. The stock’s fifty day moving average price is $38.63 and its 200-day moving average price is $39.69.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. The firm had revenue of $423.54 million for the quarter, compared to the consensus estimate of $425.43 million. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. Sell-side 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. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.34 per share. This is an increase from Federated Hermes’s previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Thursday, May 8th. Federated Hermes’s dividend payout ratio is presently 38.31%.

Insider Activity

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction on Friday, February 7th. The stock was 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 owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% 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.