Federated Hermes, Inc. $FHI Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,400 shares of the company’s stock after acquiring an additional 300 shares during the period. Gamco Investors INC. ET AL owned about 0.12% of Federated Hermes worth $3,767,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FHI. Farther Finance Advisors LLC lifted its stake in Federated Hermes by 246.6% during the 1st quarter. Farther Finance Advisors LLC now owns 863 shares of the company’s stock worth $35,000 after acquiring an additional 614 shares in the last quarter. Quarry LP purchased a new stake in Federated Hermes during the 4th quarter worth about $37,000. Northwestern Mutual Wealth Management Co. increased its holdings in Federated Hermes by 22.7% during 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. Virtus Advisers LLC purchased a new stake in Federated Hermes during the 1st quarter worth about $72,000. Finally, UMB Bank n.a. increased its holdings in Federated Hermes by 55.1% during the 1st quarter. UMB Bank n.a. now owns 2,065 shares of the company’s stock worth $84,000 after purchasing an additional 734 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FHI. Royal Bank Of Canada upped their price target on Federated Hermes from $45.00 to $51.00 and gave the stock a “sector perform” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. upgraded Federated Hermes from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $40.00 to $54.00 in a report on Monday, August 4th. TD Cowen downgraded Federated Hermes from a “buy” rating to a “hold” rating in a report on Wednesday, May 14th. Wall Street Zen downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Evercore ISI upped their price target on Federated Hermes from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Federated Hermes currently has a consensus rating of “Hold” and an average target price of $47.00.

Federated Hermes Trading Down 0.9%

FHI opened at $53.60 on Friday. Federated Hermes, Inc. has a one year low of $33.29 and a one year high of $54.42. The company has a market cap of $4.16 billion, a P/E ratio of 11.88, a PEG ratio of 0.74 and a beta of 0.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.37. The business’s 50-day simple moving average is $48.76 and its 200-day simple moving average is $43.06.

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

Federated Hermes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors 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 2.5%. The ex-dividend date was Friday, August 8th. Federated Hermes’s dividend payout ratio (DPR) is currently 30.16%.

About Federated Hermes

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.