EP Wealth Advisors LLC Invests $213,000 in Federated Hermes, Inc. (NYSE:FHI)

EP Wealth Advisors LLC bought a new position in Federated Hermes, Inc. (NYSE:FHI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,187 shares of the company’s stock, valued at approximately $213,000.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Federated Hermes in the 4th quarter worth $292,000. Inspire Investing LLC purchased a new position in shares of Federated Hermes in the 4th quarter worth about $829,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock worth $37,618,000 after buying an additional 145,878 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Federated Hermes in the 4th quarter worth about $461,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Federated Hermes in the 4th quarter worth about $585,000. Institutional investors own 75.94% of the company’s stock.

Analysts Set New Price Targets

FHI has been the topic of a number of research analyst reports. StockNews.com raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday, April 28th. TD Cowen downgraded shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Evercore ISI boosted 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, April 28th. Finally, UBS Group boosted their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.33.

Federated Hermes Price Performance

NYSE FHI opened at $42.43 on Thursday. The company has a market cap of $3.36 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $45.08. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $39.48 and its two-hundred day simple moving average is $39.98.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.91 by $0.19. The business had revenue of $423.54 million for the quarter, compared to the consensus estimate of $425.43 million. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. Research analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, May 8th. This is an increase from Federated Hermes’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 3.21%. Federated Hermes’s dividend payout ratio is 38.31%.

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.