Campbell & CO Investment Adviser LLC grew its holdings in Federated Hermes, Inc. (NYSE:FHI) by 49.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,668 shares of the company’s stock after purchasing an additional 5,200 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Federated Hermes were worth $453,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. bought a new position in shares of Federated Hermes during the 3rd quarter worth approximately $14,519,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of Federated Hermes by 103.8% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,269,193 shares of the company’s stock worth $27,300,000 after acquiring an additional 646,456 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Federated Hermes by 59.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,083,655 shares of the company’s stock worth $23,309,000 after acquiring an additional 402,232 shares in the last quarter. Eagle Ridge Investment Management bought a new position in shares of Federated Hermes during the 3rd quarter worth approximately $7,304,000. Finally, Artemis Investment Management LLP bought a new position in shares of Federated Hermes during the 3rd quarter worth approximately $6,878,000. Institutional investors and hedge funds own 79.06% of the company’s stock.
Shares of NYSE FHI opened at $27.43 on Tuesday. The company’s fifty day moving average price is $29.08 and its 200 day moving average price is $26.50. Federated Hermes, Inc. has a 1 year low of $13.06 and a 1 year high of $35.25. The company has a market capitalization of $2.73 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 2.51 and a beta of 1.22. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.94 and a current ratio of 2.43.
Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.14. Federated Hermes had a net margin of 21.72% and a return on equity of 28.99%. The firm had revenue of $363.92 million for the quarter, compared to the consensus estimate of $349.24 million. During the same period in the prior year, the firm posted $0.81 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Federated Hermes, Inc. will post 3.09 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Friday, February 5th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Thursday, February 4th. Federated Hermes’s dividend payout ratio (DPR) is presently 40.15%.
Several research firms recently commented on FHI. TheStreet upgraded shares of Federated Hermes from a “c+” rating to a “b-” rating in a research note on Monday, October 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Federated Hermes from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday, February 1st. Finally, Zacks Investment Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a research note on Tuesday, February 2nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Federated Hermes has an average rating of “Hold” and a consensus target price of $28.50.
In related news, Vice Chairman Gordon J. Ceresino sold 25,000 shares of the stock in a transaction on Wednesday, December 9th. The shares were sold at an average price of $29.60, for a total transaction of $740,000.00. Following the sale, the insider now directly owns 186,120 shares of the company’s stock, valued at $5,509,152. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.
Federated Hermes Profile
Federated Hermes, Inc is a publicly owned asset management holding company. 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.
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