Vanguard Personalized Indexing Management LLC Increases Stock Position in Federated Hermes, Inc. $FHI

Vanguard Personalized Indexing Management LLC raised its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 22.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 26,421 shares of the company’s stock after purchasing an additional 4,774 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Federated Hermes were worth $1,171,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co boosted its position in Federated Hermes by 2.6% during the 2nd quarter. Diversified Trust Co now owns 9,036 shares of the company’s stock valued at $400,000 after buying an additional 229 shares during the period. Hohimer Wealth Management LLC lifted its position in shares of Federated Hermes by 3.8% in the 1st quarter. Hohimer Wealth Management LLC now owns 6,795 shares of the company’s stock worth $277,000 after purchasing an additional 249 shares during the period. CW Advisors LLC lifted its position in shares of Federated Hermes by 3.8% in the 1st quarter. CW Advisors LLC now owns 7,168 shares of the company’s stock worth $292,000 after purchasing an additional 261 shares during the period. Pacer Advisors Inc. lifted its position in shares of Federated Hermes by 2.5% in the 1st quarter. Pacer Advisors Inc. now owns 11,900 shares of the company’s stock worth $485,000 after purchasing an additional 286 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Federated Hermes by 22.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company’s stock worth $63,000 after purchasing an additional 287 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 several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. Zacks Research raised shares of Federated Hermes from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Royal Bank Of Canada raised 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. JPMorgan Chase & Co. raised their target price on shares of Federated Hermes from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, Wall Street Zen cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.33.

Federated Hermes Stock Up 0.6%

Shares of Federated Hermes stock opened at $51.53 on Friday. 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 $52.60 and a 200 day moving average of $46.40. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.58 and a beta of 0.80. Federated Hermes, Inc. has a 1 year low of $35.05 and a 1 year high of $54.42.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.17. The business had revenue of $424.84 million during the quarter, compared to analyst estimates of $424.83 million. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. Federated Hermes’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. As a group, sell-side analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, August 8th. Federated Hermes’s dividend payout ratio (DPR) is currently 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.