TD Private Client Wealth LLC Purchases 1,730 Shares of Federated Hermes, Inc. $FHI

TD Private Client Wealth LLC lifted its stake in Federated Hermes, Inc. (NYSE:FHI) by 51.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,064 shares of the company’s stock after purchasing an additional 1,730 shares during the quarter. TD Private Client Wealth LLC’s holdings in Federated Hermes were worth $224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Federated Hermes by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 214,653 shares of the company’s stock valued at $8,824,000 after acquiring an additional 24,964 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Federated Hermes during the 4th quarter valued at $5,817,000. GAMMA Investing LLC boosted its holdings in Federated Hermes by 4,395.0% during the 1st quarter. GAMMA Investing LLC now owns 76,729 shares of the company’s stock valued at $3,128,000 after acquiring an additional 75,022 shares during the period. Parallel Advisors LLC boosted its holdings in Federated Hermes by 38.3% during the 1st quarter. Parallel Advisors LLC now owns 8,087 shares of the company’s stock valued at $330,000 after acquiring an additional 2,240 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Federated Hermes by 55.1% in the 1st quarter. UMB Bank n.a. now owns 2,065 shares of the company’s stock worth $84,000 after buying an additional 734 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analysts Set New Price Targets

FHI has been the subject of several research reports. Zacks Research cut Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. JPMorgan Chase & Co. raised Federated Hermes from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $40.00 to $54.00 in a research report on Monday, August 4th. Royal Bank Of Canada boosted their price target on Federated Hermes from $45.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 14th. Evercore ISI upped their target price on Federated Hermes from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Finally, Wall Street Zen lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.17.

Federated Hermes Stock Up 0.8%

Shares of FHI opened at $52.00 on Monday. The firm has a market cap of $4.03 billion, a P/E ratio of 11.53, a PEG ratio of 0.69 and a beta of 0.84. The stock’s 50 day moving average is $51.94 and its two-hundred day moving average is $45.24. Federated Hermes, Inc. has a 12 month low of $35.05 and a 12 month high of $54.42. 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 released its earnings results on Thursday, July 31st. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.17. The business had revenue of $424.84 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

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

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.