Federated Hermes, Inc. $FHI Stock Acquired by Kendall Capital Management

Kendall Capital Management grew its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 7.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 131,570 shares of the company’s stock after buying an additional 9,460 shares during the period. Federated Hermes accounts for approximately 1.2% of Kendall Capital Management’s holdings, making the stock its 16th biggest holding. Kendall Capital Management owned approximately 0.18% of Federated Hermes worth $7,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. grew its position in Federated Hermes by 24.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock valued at $52,000 after acquiring an additional 194 shares during the period. Nisa Investment Advisors LLC increased its stake in Federated Hermes by 1.5% during the third quarter. Nisa Investment Advisors LLC now owns 15,910 shares of the company’s stock worth $897,000 after acquiring an additional 228 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Federated Hermes by 71.0% in the 1st quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock worth $32,000 after purchasing an additional 237 shares during the period. State of Michigan Retirement System raised its holdings in shares of Federated Hermes by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 17,776 shares of the company’s stock worth $1,008,000 after purchasing an additional 300 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Federated Hermes by 2.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,172 shares of the company’s stock worth $860,000 after purchasing an additional 400 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Trading Down 1.3%

NYSE:FHI opened at $56.90 on Friday. The business’s 50-day moving average is $59.23 and its two-hundred day moving average is $58.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.89. Federated Hermes, Inc. has a 12 month low of $46.66 and a 12 month high of $67.20. The firm has a market capitalization of $4.25 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.50 and a beta of 0.66.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, July 30th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.19. Federated Hermes had a return on equity of 34.03% and a net margin of 21.30%. The company had revenue of $502.78 million during the quarter, compared to the consensus estimate of $488.34 million. During the same quarter in the prior year, the business earned $1.16 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. Research analysts predict that Federated Hermes, Inc. will post 5.51 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.52 annualized dividend and a yield of 2.7%. Federated Hermes’s payout ratio is 28.25%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FHI shares. Royal Bank Of Canada boosted their target price on Federated Hermes from $54.00 to $57.00 and gave the stock a “sector perform” rating in a report on Thursday, July 2nd. TD Cowen dropped their target price on shares of Federated Hermes from $60.00 to $56.00 and set a “hold” rating for the company in a research report on Monday, October 12th. Evercore restated an “outperform” rating and issued a $65.00 price target on shares of Federated Hermes in a report on Monday, August 10th. Weiss Ratings raised shares of Federated Hermes from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $58.00 price target on shares of Federated Hermes in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $57.80.

Federated Hermes Profile

Federated Hermes, Inc is a global investment management company that provides asset management services to individuals, financial intermediaries, corporations, governments and other institutions. The company manages a range of investment strategies, including equity, fixed-income, money market, multi-asset, alternative and liquidity management products.

Its offerings are distributed through mutual funds, exchange-traded funds, separately managed accounts, collective investment trusts and institutional mandates.