23,283 Shares in Federated Hermes, Inc. (NYSE:FHI) Bought by Franklin Resources Inc.

Franklin Resources Inc. purchased a new stake in shares of Federated Hermes, Inc. (NYSE:FHI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,283 shares of the company’s stock, valued at approximately $957,000.

A number of other large investors have also recently bought and sold shares of FHI. C M Bidwell & Associates Ltd. acquired a new position in shares of Federated Hermes in the 4th quarter valued at about $73,000. O Shaughnessy Asset Management LLC lifted its stake in Federated Hermes by 40.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,714 shares of the company’s stock valued at $852,000 after buying an additional 5,969 shares during the period. Brandywine Global Investment Management LLC bought a new position in shares of Federated Hermes during the 4th quarter worth approximately $6,841,000. Schroder Investment Management Group grew its position in shares of Federated Hermes by 101.1% during the 4th quarter. Schroder Investment Management Group now owns 266,811 shares of the company’s stock worth $10,921,000 after buying an additional 134,168 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Federated Hermes by 51.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 818,408 shares of the company’s stock valued at $33,645,000 after acquiring an additional 278,524 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

FHI has been the topic of several research analyst reports. UBS Group increased their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 1st. Royal Bank of Canada dropped their price target on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Federated Hermes presently has an average rating of “Hold” and a consensus price target of $41.17.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $38.33 on Wednesday. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The firm’s 50-day simple moving average is $38.71 and its 200 day simple moving average is $39.57.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. As a group, research analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s dividend payout ratio is 38.87%.

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.