Federated Hermes, Inc. $FHI Stock Holdings Lowered by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC trimmed its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,657 shares of the company’s stock after selling 1,312 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Federated Hermes were worth $1,891,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Deutsche Bank AG lifted its stake in Federated Hermes by 38.5% during the first quarter. Deutsche Bank AG now owns 24,213 shares of the company’s stock valued at $987,000 after buying an additional 6,734 shares in the last quarter. Meritage Portfolio Management grew its holdings in shares of Federated Hermes by 100.7% during the first quarter. Meritage Portfolio Management now owns 22,964 shares of the company’s stock valued at $936,000 after buying an additional 11,523 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Federated Hermes in the 1st quarter worth about $2,584,000. Ritholtz Wealth Management acquired a new stake in Federated Hermes during the 1st quarter worth about $1,283,000. Finally, LPL Financial LLC increased its holdings in shares of Federated Hermes by 373.9% in the 1st quarter. LPL Financial LLC now owns 91,474 shares of the company’s stock valued at $3,729,000 after purchasing an additional 72,173 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analyst Ratings Changes

FHI has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their target price on shares of Federated Hermes from $45.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 14th. Zacks Research lowered Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. Evercore ISI upped their target price on Federated Hermes from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Wall Street Zen downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Federated Hermes from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $40.00 to $54.00 in a research note on Monday, August 4th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.17.

Federated Hermes Stock Up 0.8%

FHI stock opened at $52.00 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.37 and a quick ratio of 2.32. The company has a 50-day moving average of $51.94 and a two-hundred day moving average of $45.24. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 0.69 and a beta of 0.84. Federated Hermes, Inc. has a 52-week low of $35.05 and a 52-week high of $54.42.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, July 31st. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.17. The firm had revenue of $424.84 million during the quarter, compared to the consensus estimate of $424.83 million. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%.The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. As a group, equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.36 annualized dividend and a yield of 2.6%. 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.