Federated Hermes, Inc. (NYSE:FHI) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 15.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 21,220 shares of the company’s stock after buying an additional 2,833 shares during the period. Envestnet Asset Management Inc.’s holdings in Federated Hermes were worth $872,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Federated Hermes by 96.7% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 110,211 shares of the company’s stock valued at $4,531,000 after acquiring an additional 54,174 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Federated Hermes in the 4th quarter valued at approximately $585,000. Integrated Quantitative Investments LLC purchased a new stake in Federated Hermes during the fourth quarter worth about $958,000. ExodusPoint Capital Management LP raised its stake in shares of Federated Hermes by 91.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 308,153 shares of the company’s stock valued at $12,668,000 after acquiring an additional 147,485 shares in the last quarter. Finally, Villanova Investment Management Co LLC increased its stake in shares of Federated Hermes by 10.7% during the fourth quarter. Villanova Investment Management Co LLC now owns 40,408 shares of the company’s stock worth $1,661,000 after buying an additional 3,903 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on FHI shares. 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 research report on Wednesday, January 8th. Royal Bank of Canada cut their price objective on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. StockNews.com raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Evercore ISI upped their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Federated Hermes presently has an average rating of “Hold” and a consensus price target of $41.67.

Insider Transactions at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’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 transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Federated Hermes Stock Performance

NYSE:FHI opened at $40.83 on Friday. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The firm’s fifty day simple moving average is $38.79 and its 200 day simple moving average is $39.73. 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 $3.32 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.00 and a beta of 0.84.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.19. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The firm had revenue of $423.54 million for the quarter, compared to analyst estimates of $425.43 million. During the same quarter in the previous year, the business posted $0.89 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be given 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 dividend yield of 3.33%. Federated Hermes’s dividend payout ratio (DPR) is presently 38.31%.

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.