Federated Hermes, Inc. (NYSE:FHI) Stock Holdings Lifted by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its position in Federated Hermes, Inc. (NYSE:FHI) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,553 shares of the company’s stock after buying an additional 3,252 shares during the quarter. MetLife Investment Management LLC owned about 0.05% of Federated Hermes worth $1,749,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

FHI has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Evercore ISI boosted their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday. 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. Royal Bank of Canada dropped their price objective on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 28th. Finally, StockNews.com upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.67.

Federated Hermes Trading Up 1.4 %

Shares of FHI stock opened at $40.43 on Wednesday. The firm has a fifty day moving average of $38.67 and a 200-day moving average of $39.70. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 1.00 and a beta of 0.84. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92. 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, topping the consensus estimate of $0.91 by $0.19. The firm had revenue of $423.54 million during the quarter, compared to analyst estimates of $425.43 million. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. On average, equities research analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a $0.34 dividend. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 8th. This represents a $1.36 annualized dividend and a yield of 3.36%. Federated Hermes’s payout ratio is currently 38.31%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $38.81, for a total value of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at $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 available at this hyperlink. Company insiders own 3.80% of the company’s stock.

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.