Federated Hermes, Inc. (NYSE:FHI) Position Increased by Factorial Partners LLC

Factorial Partners LLC grew its position in Federated Hermes, Inc. (NYSE:FHI) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,239 shares of the company’s stock after buying an additional 16,500 shares during the quarter. Federated Hermes accounts for 3.4% of Factorial Partners LLC’s holdings, making the stock its 2nd largest holding. Factorial Partners LLC’s holdings in Federated Hermes were worth $5,892,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FHI. GAMMA Investing LLC lifted its stake in Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after acquiring an additional 349 shares during the last quarter. Mather Group LLC. acquired a new stake in Federated Hermes in the second quarter valued at $47,000. CWM LLC boosted its position in shares of Federated Hermes by 985.7% during the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after acquiring an additional 1,311 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after acquiring an additional 296 shares in the last quarter. Finally, Headlands Technologies LLC increased its position in Federated Hermes by 134.9% during the second quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock worth $64,000 after buying an additional 1,117 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FHI shares. UBS Group increased their price target on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $46.00 in a report on Monday, October 28th. Evercore ISI boosted their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada boosted their target price on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Federated Hermes has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the transaction, the vice president now directly owns 77,288 shares of the company’s stock, valued at $3,083,018.32. This trade represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $7,138,766.56. The trade was a 6.35 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Federated Hermes Trading Down 2.1 %

Shares of FHI opened at $41.28 on Wednesday. Federated Hermes, Inc. has a fifty-two week low of $31.08 and a fifty-two week high of $42.56. The company has a market capitalization of $3.38 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.15. The stock has a fifty day moving average of $38.23 and a two-hundred day moving average of $35.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, analysts forecast that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.00%. Federated Hermes’s dividend payout ratio is presently 39.87%.

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.