Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in Federated Hermes, Inc. (NYSE:FHI) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,532,465 shares of the company’s stock after selling 35,896 shares during the quarter. Vanguard Group Inc. owned 10.10% of Federated Hermes worth $288,909,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Federated Hermes by 2.1% in the 4th 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 in the last quarter. Wellington Management Group LLP grew its position in shares of Federated Hermes by 59.1% in the 4th quarter. Wellington Management Group LLP now owns 1,813,190 shares of the company’s stock worth $61,395,000 after acquiring an additional 673,496 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Federated Hermes by 39.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,184,759 shares of the company’s stock worth $40,116,000 after acquiring an additional 335,737 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Federated Hermes by 183.5% in the 3rd quarter. AQR Capital Management LLC now owns 801,443 shares of the company’s stock worth $27,145,000 after acquiring an additional 518,715 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Federated Hermes by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 479,008 shares of the company’s stock worth $16,219,000 after acquiring an additional 1,296 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on FHI shares. Evercore ISI reduced their price objective on Federated Hermes from $39.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Finally, UBS Group boosted their price objective on Federated Hermes from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Federated Hermes has an average rating of “Moderate Buy” and a consensus target price of $38.29.

Federated Hermes Trading Up 0.6 %

Shares of FHI stock opened at $32.88 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 3.39. Federated Hermes, Inc. has a 1 year low of $30.23 and a 1 year high of $37.31. The stock has a fifty day moving average of $32.78 and a two-hundred day moving average of $34.25. The firm has a market capitalization of $2.77 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 1.10 and a beta of 1.17.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.89 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.89. Federated Hermes had a return on equity of 27.00% and a net margin of 18.75%. The company had revenue of $396.37 million during the quarter, compared to analyst estimates of $400.26 million. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, research analysts expect that Federated Hermes, Inc. will post 3.6 EPS for the current year.

Federated Hermes Increases Dividend

The firm also recently declared a None dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were given a dividend of $1.31 per share. This represents a yield of 3.8%. The ex-dividend date was Tuesday, May 7th. This is a positive change from Federated Hermes’s previous None dividend of $1.27. Federated Hermes’s payout ratio is 35.23%.

Insider Transactions at Federated Hermes

In other news, VP Paul A. Uhlman sold 994 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $31.43, for a total value of $31,241.42. Following the sale, the vice president now owns 298,578 shares of the company’s stock, valued at approximately $9,384,306.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Paul A. Uhlman sold 975 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $32,175.00. Following the sale, the vice president now owns 299,572 shares of the company’s stock, valued at approximately $9,885,876. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul A. Uhlman sold 994 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $31.43, for a total value of $31,241.42. Following the completion of the sale, the vice president now directly owns 298,578 shares in the company, valued at approximately $9,384,306.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,361 shares of company stock valued at $76,360. Corporate insiders own 3.70% of the company’s stock.

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.