Brandywine Global Investment Management LLC Makes New Investment in Federated Hermes, Inc. (NYSE:FHI)

Brandywine Global Investment Management LLC purchased a new stake in Federated Hermes, Inc. (NYSE:FHI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 166,399 shares of the company’s stock, valued at approximately $6,841,000. Brandywine Global Investment Management LLC owned 0.20% of Federated Hermes as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Schroder Investment Management Group grew its holdings in shares of Federated Hermes by 101.1% in the 4th quarter. Schroder Investment Management Group now owns 266,811 shares of the company’s stock valued at $10,921,000 after buying an additional 134,168 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Federated Hermes by 51.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 818,408 shares of the company’s stock valued at $33,645,000 after buying an additional 278,524 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Federated Hermes in the 4th quarter valued at about $461,000. Norges Bank bought a new position in Federated Hermes during the fourth quarter worth about $10,639,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Federated Hermes by 6.5% during the 4th quarter. JPMorgan Chase & Co. now owns 268,221 shares of the company’s stock worth $11,027,000 after acquiring an additional 16,399 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on FHI. StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. UBS Group boosted their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Evercore ISI set a $44.00 price target on shares of Federated Hermes in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.17.

Insider Transactions at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the sale, the chief executive officer now owns 179,096 shares in the company, valued at $6,950,715.76. This represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Federated Hermes Stock Performance

Federated Hermes stock opened at $40.86 on Tuesday. The business has a 50 day moving average of $39.00 and a 200-day moving average of $39.46. The company has a market capitalization of $3.32 billion, a P/E ratio of 12.81, a P/E/G ratio of 1.00 and a beta of 1.10. Federated Hermes, Inc. has a 1 year low of $31.24 and a 1 year high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. On average, equities research analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Friday, February 7th. Federated Hermes’s dividend payout ratio is currently 38.87%.

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.