Cwm LLC Grows Stock Holdings in Federated Hermes, Inc. $FHI

Cwm LLC grew its holdings in Federated Hermes, Inc. (NYSE:FHI) by 32.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,650 shares of the company’s stock after acquiring an additional 1,129 shares during the period. Cwm LLC’s holdings in Federated Hermes were worth $206,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FHI. Asset Management One Co. Ltd. purchased a new stake in shares of Federated Hermes in the 1st quarter valued at $120,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Federated Hermes in the 1st quarter valued at $2,635,000. Diversified Trust Co lifted its stake in shares of Federated Hermes by 7.7% in the 1st quarter. Diversified Trust Co now owns 8,807 shares of the company’s stock valued at $359,000 after purchasing an additional 629 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Federated Hermes in the 1st quarter valued at $2,584,000. Finally, ABLE Financial Group LLC lifted its stake in shares of Federated Hermes by 7.3% in the 1st quarter. ABLE Financial Group LLC now owns 39,860 shares of the company’s stock valued at $1,625,000 after purchasing an additional 2,696 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on FHI shares. Zacks Research upgraded shares of Federated Hermes from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. boosted their target price on shares of Federated Hermes from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research note on Wednesday, October 8th. Finally, Evercore ISI upped their price objective on shares of Federated Hermes from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Federated Hermes has an average rating of “Moderate Buy” and a consensus target price of $48.80.

Federated Hermes Stock Performance

NYSE:FHI opened at $48.34 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.37. The company has a fifty day moving average of $52.18 and a two-hundred day moving average of $47.10. The stock has a market capitalization of $3.75 billion, a PE ratio of 10.72, a P/E/G ratio of 0.56 and a beta of 0.80. Federated Hermes, Inc. has a fifty-two week low of $35.05 and a fifty-two week high of $54.42.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.17. The company had revenue of $424.84 million during the quarter, compared to analysts’ expectations of $424.83 million. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. As a group, research analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal 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 given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, August 8th. Federated Hermes’s dividend payout ratio is 30.16%.

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.