Vanguard Personalized Indexing Management LLC Purchases 4,774 Shares of Federated Hermes, Inc. $FHI

Vanguard Personalized Indexing Management LLC increased its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 22.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,421 shares of the company’s stock after acquiring an additional 4,774 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Federated Hermes were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Diversified Trust Co increased its holdings in Federated Hermes by 2.6% during the 2nd quarter. Diversified Trust Co now owns 9,036 shares of the company’s stock worth $400,000 after acquiring an additional 229 shares during the period. Hohimer Wealth Management LLC increased its holdings 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 buying an additional 249 shares during the last quarter. CW Advisors LLC increased its holdings 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 buying an additional 261 shares during the last quarter. Pacer Advisors Inc. increased its holdings 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 buying an additional 286 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings 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 buying an additional 287 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FHI shares. Zacks Research raised shares of Federated Hermes from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Evercore ISI increased their price target on shares of Federated Hermes from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Federated Hermes from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.33.

Federated Hermes Price Performance

FHI stock opened at $51.53 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.37. Federated Hermes, Inc. has a 52 week low of $35.05 and a 52 week high of $54.42. The firm’s fifty day moving average is $52.60 and its 200 day moving average is $46.40. The firm has a market cap of $4.00 billion, a P/E ratio of 11.42, a P/E/G ratio of 0.58 and a beta of 0.80.

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

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.36 annualized dividend and a yield of 2.6%. Federated Hermes’s dividend payout ratio is presently 30.16%.

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.