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

Brandywine Global Investment Management LLC acquired a new stake in shares of Federated Hermes, Inc. (NYSE:FHI) during the 4th quarter, Holdings Channel reports. The firm acquired 166,399 shares of the company’s stock, valued at approximately $6,841,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new position in Federated Hermes during the 4th quarter worth approximately $43,000. Sound Income Strategies LLC bought a new stake in shares of Federated Hermes during the fourth quarter valued at approximately $53,000. Neo Ivy Capital Management acquired a new position in shares of Federated Hermes during the third quarter worth approximately $60,000. GAMMA Investing LLC lifted its holdings in shares of Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after purchasing an additional 646 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in Federated Hermes by 112.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company’s stock valued at $109,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FHI. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued 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 reaffirmed a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Royal Bank of Canada dropped their target price on 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, UBS Group upped their price target on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.17.

Federated Hermes Stock Performance

FHI 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 firm has a market cap of $3.32 billion, a PE ratio of 12.81, a P/E/G ratio of 1.00 and a beta of 1.10. Federated Hermes, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI) last announced its 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 return on equity of 30.31% and a net margin of 16.44%. As a group, sell-side analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

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

Insider Activity

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.80% of the company’s stock.

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.