Price T Rowe Associates Inc. MD Has $1.29 Million Holdings in Federated Hermes, Inc. (NYSE:FHI)

Price T Rowe Associates Inc. MD raised its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,247 shares of the company’s stock after buying an additional 2,000 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Federated Hermes were worth $1,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake 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 acquiring an additional 253,553 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Federated Hermes by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,282,252 shares of the company’s stock worth $52,731,000 after buying an additional 32,070 shares during the last quarter. Bank of New York Mellon Corp boosted 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 worth $52,493,000 after buying an additional 446,683 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock valued at $37,618,000 after buying an additional 145,878 shares during the last quarter. Finally, LSV Asset Management raised its holdings in Federated Hermes by 48.2% in the 4th quarter. LSV Asset Management now owns 870,776 shares of the company’s stock worth $35,798,000 after acquiring an additional 283,300 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Trading Up 0.4 %

Shares of Federated Hermes stock opened at $42.82 on Friday. The company’s fifty day moving average price is $39.26 and its two-hundred day moving average price is $39.89. The firm has a market capitalization of $3.39 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.19. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The firm had revenue of $423.54 million during the quarter, compared to analyst estimates of $425.43 million. During the same quarter in the prior year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.34 per share. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, May 8th. Federated Hermes’s dividend payout ratio is currently 38.31%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FHI shares. UBS Group lifted their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. StockNews.com upgraded Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday, April 28th. Royal Bank of Canada increased their price objective on Federated Hermes from $37.00 to $43.00 and gave the company a “sector perform” rating in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Finally, Evercore ISI increased 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, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.33.

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.