EP Wealth Advisors LLC Purchases 1,084 Shares of Federated Hermes, Inc. $FHI

EP Wealth Advisors LLC boosted its position in Federated Hermes, Inc. (NYSE:FHI) by 20.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,271 shares of the company’s stock after purchasing an additional 1,084 shares during the quarter. EP Wealth Advisors LLC’s holdings in Federated Hermes were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Federated Hermes by 3.1% in the first quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company’s stock worth $357,178,000 after purchasing an additional 265,590 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Federated Hermes by 249.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company’s stock worth $130,446,000 after buying an additional 2,284,509 shares in the last quarter. Invesco Ltd. grew its stake in Federated Hermes by 6.2% in the 1st quarter. Invesco Ltd. now owns 2,367,754 shares of the company’s stock worth $96,533,000 after buying an additional 137,248 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Federated Hermes by 0.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,904,596 shares of the company’s stock worth $77,650,000 after buying an additional 16,333 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Federated Hermes by 27.1% during the 1st quarter. LSV Asset Management now owns 1,107,089 shares of the company’s stock valued at $45,136,000 after buying an additional 236,313 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FHI. JPMorgan Chase & Co. raised shares of Federated Hermes from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $40.00 to $54.00 in a report on Monday, August 4th. Wall Street Zen lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Royal Bank Of Canada increased their price objective on Federated Hermes from $45.00 to $51.00 and gave the company a “sector perform” rating in a research report on Thursday, August 14th. TD Cowen downgraded Federated Hermes from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, Evercore ISI upped their target price on Federated Hermes from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.17.

Federated Hermes Trading Up 0.3%

NYSE FHI opened at $52.60 on Wednesday. The firm has a market cap of $4.08 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 0.71 and a beta of 0.84. Federated Hermes, Inc. has a 1-year low of $33.38 and a 1-year high of $54.42. The stock has a 50-day moving average of $50.22 and a 200-day moving average of $43.90. 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 (NYSE:FHI) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.17. The business had revenue of $424.84 million for the quarter, compared to analysts’ expectations of $424.83 million. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%.The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. As a group, sell-side analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.36 annualized dividend and a dividend yield of 2.6%. Federated Hermes’s payout ratio is 30.16%.

Federated Hermes Company 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.