Federated Hermes, Inc. $FHI Stock Holdings Lessened by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP reduced its holdings in Federated Hermes, Inc. (NYSE:FHI) by 10.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 79,821 shares of the company’s stock after selling 9,683 shares during the quarter. Federated Hermes makes up 0.5% of Schneider Downs Wealth Management Advisors LP’s portfolio, making the stock its 28th biggest position. Schneider Downs Wealth Management Advisors LP owned approximately 0.10% of Federated Hermes worth $3,538,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. acquired a new stake in shares of Federated Hermes in the 1st quarter worth about $120,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Federated Hermes in the 1st quarter worth about $2,635,000. Diversified Trust Co increased its holdings in shares of Federated Hermes by 7.7% in the 1st quarter. Diversified Trust Co now owns 8,807 shares of the company’s stock worth $359,000 after acquiring an additional 629 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Federated Hermes during the 1st quarter valued at about $2,584,000. Finally, Kendall Capital Management increased its stake in Federated Hermes by 6.0% during the 1st quarter. Kendall Capital Management now owns 69,850 shares of the company’s stock valued at $2,848,000 after buying an additional 3,925 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Stock Performance

Shares of FHI opened at $48.17 on Friday. The firm’s 50 day moving average is $52.34 and its 200-day moving average is $46.88. The stock has a market capitalization of $3.74 billion, a P/E ratio of 10.68, a P/E/G ratio of 0.55 and a beta of 0.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.37 and a quick ratio of 2.32. Federated Hermes, Inc. has a 12-month low of $35.05 and a 12-month high of $54.42.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.16 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $424.83 million. During the same quarter in the previous year, the company posted $0.96 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a dividend of $0.34 per share. The ex-dividend date was Friday, August 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.8%. Federated Hermes’s payout ratio is currently 30.16%.

Wall Street Analyst Weigh In

Several research firms have commented on FHI. Evercore ISI raised their target price on shares of Federated Hermes from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research note on Saturday. Royal Bank Of Canada raised their target price on shares of Federated Hermes from $45.00 to $51.00 and gave the company a “sector perform” rating in a research note on Thursday, August 14th. Zacks Research raised shares of Federated Hermes from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Federated Hermes from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.33.

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.