Dimensional Fund Advisors LP Sells 39,205 Shares of Federated Hermes, Inc. (NYSE:FHI)

Dimensional Fund Advisors LP trimmed its position in Federated Hermes, Inc. (NYSE:FHI) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,350,042 shares of the company’s stock after selling 39,205 shares during the period. Dimensional Fund Advisors LP owned about 2.87% of Federated Hermes worth $96,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FHI. R Squared Ltd purchased a new position in shares of Federated Hermes in the 4th quarter worth approximately $43,000. Sound Income Strategies LLC purchased a new position in shares of Federated Hermes in the 4th quarter worth approximately $53,000. GAMMA Investing LLC boosted its stake in shares of Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after buying an additional 646 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Federated Hermes in the 4th quarter worth approximately $73,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Federated Hermes by 112.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company’s stock worth $109,000 after buying an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Federated Hermes Stock Down 0.6 %

Shares of NYSE:FHI opened at $39.85 on Tuesday. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92. The firm has a fifty day moving average of $38.63 and a 200 day moving average of $39.69. The firm has a market capitalization of $3.24 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70.

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, beating 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 business had revenue of $423.54 million during the quarter, compared to analyst estimates of $425.43 million. During the same period in the prior year, the business posted $0.89 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. As a group, research analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.41%. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 8th. Federated Hermes’s dividend payout ratio is presently 38.31%.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FHI shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Evercore ISI lifted their price target on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday. UBS Group boosted their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Finally, StockNews.com raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.67.

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.