Federated Hermes, Inc. $FHI Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its holdings in Federated Hermes, Inc. (NYSE:FHI) by 38.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,213 shares of the company’s stock after acquiring an additional 6,734 shares during the period. Deutsche Bank AG’s holdings in Federated Hermes were worth $987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FHI. Hohimer Wealth Management LLC lifted its position in Federated Hermes by 3.8% during the first quarter. Hohimer Wealth Management LLC now owns 6,795 shares of the company’s stock valued at $277,000 after purchasing an additional 249 shares during the period. Pacer Advisors Inc. raised its stake in shares of Federated Hermes by 2.5% during the 1st quarter. Pacer Advisors Inc. now owns 11,900 shares of the company’s stock valued at $485,000 after buying an additional 286 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Federated Hermes by 1.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 16,713 shares of the company’s stock valued at $681,000 after buying an additional 317 shares during the period. Signaturefd LLC lifted its holdings in shares of Federated Hermes by 11.2% in the 1st quarter. Signaturefd LLC now owns 4,354 shares of the company’s stock valued at $178,000 after buying an additional 439 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Federated Hermes by 9.3% in the first quarter. Blue Trust Inc. now owns 5,314 shares of the company’s stock worth $217,000 after buying an additional 453 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FHI. TD Cowen cut Federated Hermes from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Evercore ISI upped their price objective on Federated Hermes from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Wall Street Zen lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Royal Bank Of Canada boosted their target price on shares of Federated Hermes from $45.00 to $51.00 and gave the company a “sector perform” rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised shares of Federated Hermes from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $40.00 to $54.00 in a report on Monday, August 4th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $47.00.

Federated Hermes Stock Performance

Shares of FHI stock opened at $53.4550 on Monday. The company has a current ratio of 3.37, a quick ratio of 2.32 and a debt-to-equity ratio of 0.31. Federated Hermes, Inc. has a 12-month low of $33.29 and a 12-month high of $54.16. The business’s 50 day moving average is $47.84 and its two-hundred day moving average is $42.70. The company has a market capitalization of $4.15 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.74 and a beta of 0.77.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, July 31st. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.17. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%.The business had revenue of $424.84 million during the quarter, compared to the consensus estimate of $424.83 million. During the same period in the prior year, the company posted $0.96 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were given a dividend of $0.34 per share. The ex-dividend date was Friday, August 8th. This represents a $1.36 dividend on an annualized basis and a yield of 2.5%. Federated Hermes’s dividend payout ratio is currently 30.16%.

Insiders Place Their Bets

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total transaction of $255,241.98. Following the transaction, the vice president directly owned 316,930 shares of the company’s stock, valued at $13,355,430.20. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

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.