Federated Hermes, Inc. (NYSE:FHI) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 387.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,561 shares of the company’s stock after acquiring an additional 126,840 shares during the quarter. Victory Capital Management Inc. owned about 0.20% of Federated Hermes worth $5,867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Federated Hermes by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,577,679 shares of the company’s stock worth $309,826,000 after acquiring an additional 45,214 shares during the last quarter. AQR Capital Management LLC increased its stake in Federated Hermes by 88.3% during the second quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock worth $87,866,000 after acquiring an additional 1,261,097 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Federated Hermes by 39.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock worth $37,555,000 after acquiring an additional 324,958 shares during the last quarter. Millennium Management LLC boosted its position in shares of Federated Hermes by 1.1% in the second quarter. Millennium Management LLC now owns 969,844 shares of the company’s stock worth $31,888,000 after buying an additional 10,552 shares during the period. Finally, Interval Partners LP boosted its position in shares of Federated Hermes by 60.4% in the first quarter. Interval Partners LP now owns 409,854 shares of the company’s stock worth $14,804,000 after buying an additional 154,370 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Trading Up 1.5 %

Shares of NYSE FHI opened at $42.34 on Friday. The stock’s 50 day moving average price is $38.68 and its two-hundred day moving average price is $35.15. Federated Hermes, Inc. has a 52-week low of $31.08 and a 52-week high of $42.56. The stock has a market capitalization of $3.46 billion, a P/E ratio of 13.61, a PEG ratio of 1.15 and a beta of 1.15. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm had revenue of $408.46 million for the quarter, compared to analysts’ expectations of $410.26 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Federated Hermes’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts anticipate that Federated Hermes, Inc. will post 3.88 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s payout ratio is currently 39.87%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FHI. Royal Bank of Canada upped their target price on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Evercore ISI upped their target price on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $46.00 in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft increased their price target on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Insider Buying and Selling at Federated Hermes

In other news, VP Dolores D. Dudiak sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total transaction of $199,450.00. Following the sale, the vice president now directly owns 77,288 shares in the company, valued at approximately $3,083,018.32. This represents a 6.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard A. Novak sold 1,363 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total value of $56,523.61. Following the sale, the insider now owns 53,837 shares in the company, valued at $2,232,620.39. The trade was a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,280 shares of company stock worth $1,185,871 over the last quarter. 3.70% of the stock is owned by corporate insiders.

Federated Hermes 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.