Yousif Capital Management LLC Has $1.05 Million Position in Federated Hermes, Inc. (NYSE:FHI)

Yousif Capital Management LLC cut its position in Federated Hermes, Inc. (NYSE:FHI) by 3.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,740 shares of the company’s stock after selling 859 shares during the quarter. Yousif Capital Management LLC’s holdings in Federated Hermes were worth $1,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in shares of Federated Hermes by 4.5% in the 4th quarter. FMR LLC now owns 5,919,888 shares of the company’s stock valued at $243,367,000 after buying an additional 253,553 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Federated Hermes by 3.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,263 shares of the company’s stock valued at $77,626,000 after purchasing an additional 63,664 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Federated Hermes by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,282,252 shares of the company’s stock valued at $52,731,000 after purchasing an additional 32,070 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Federated Hermes by 53.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company’s stock valued at $52,493,000 after purchasing an additional 446,683 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Federated Hermes by 19.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock valued at $37,618,000 after purchasing an additional 145,878 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Trading Up 0.4%

FHI opened at $42.21 on Thursday. Federated Hermes, Inc. has a fifty-two week low of $31.59 and a fifty-two week high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.04 and a quick ratio of 2.35. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.79 and a beta of 0.78. The company’s 50 day moving average price is $41.13 and its two-hundred day moving average price is $40.13.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.19. Federated Hermes had a net margin of 17.74% and a return on equity of 32.17%. The firm had revenue of $423.54 million for the quarter, compared to analyst estimates of $425.43 million. During the same period in the previous year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a $0.34 dividend. This is a positive change 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 3.22%. The ex-dividend date was Thursday, May 8th. Federated Hermes’s dividend payout ratio is currently 38.31%.

Insider Activity

In other news, VP Paul A. Uhlman sold 6,057 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total value of $255,241.98. Following the sale, the vice president now directly owns 316,930 shares of the company’s stock, valued at approximately $13,355,430.20. This represents a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FHI shares. Wall Street Zen raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday, April 28th. Royal Bank Of Canada lifted their price target on shares of Federated Hermes from $37.00 to $43.00 and gave the company a “sector perform” rating in a report on Wednesday, May 7th. TD Cowen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Wednesday, May 14th. Finally, Evercore ISI lifted their price target on shares of Federated Hermes from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $42.33.

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.