Kendall Capital Management Boosts Stake in Federated Hermes, Inc. (NYSE:FHI)

Kendall Capital Management increased its position in Federated Hermes, Inc. (NYSE:FHI) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,925 shares of the company’s stock after buying an additional 7,790 shares during the quarter. Kendall Capital Management owned about 0.08% of Federated Hermes worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Federated Hermes during the fourth quarter worth about $43,000. Sound Income Strategies LLC acquired a new position in Federated Hermes in the fourth quarter worth approximately $53,000. Neo Ivy Capital Management acquired a new position in Federated Hermes in the third quarter worth approximately $60,000. GAMMA Investing LLC grew its position in Federated Hermes by 60.9% during 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% during the 4th quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company’s stock worth $109,000 after purchasing an additional 1,400 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FHI has been the subject of a number of research reports. UBS Group lifted their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Royal Bank of Canada dropped their price objective on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Finally, Evercore ISI set a $44.00 target price on shares of Federated Hermes in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.17.

Federated Hermes Trading Down 0.3 %

FHI opened at $38.84 on Friday. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week 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. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.00 and a beta of 1.10. The company’s 50 day moving average price is $38.91 and its two-hundred day moving average price is $38.79.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.19%. Federated Hermes’s payout ratio is currently 38.87%.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by company insiders.

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.