Robeco Institutional Asset Management B.V. Has $10.81 Million Stock Position in Federated Hermes, Inc. $FHI

Robeco Institutional Asset Management B.V. raised its stake in Federated Hermes, Inc. (NYSE:FHI) by 177.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,131 shares of the company’s stock after acquiring an additional 133,081 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Federated Hermes were worth $10,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Burney Co. grew its stake in shares of Federated Hermes by 11.8% during the third quarter. Burney Co. now owns 135,132 shares of the company’s stock valued at $7,017,000 after purchasing an additional 14,253 shares during the last quarter. Paragon Capital Management Ltd bought a new position in Federated Hermes in the 2nd quarter worth approximately $218,000. Inspire Investing LLC acquired a new position in Federated Hermes during the 2nd quarter worth $895,000. Marshall Financial Group LLC bought a new position in Federated Hermes in the 2nd quarter valued at $1,012,000. Finally, Jupiter Asset Management Ltd. bought a new position in Federated Hermes in the 2nd quarter valued at $925,000. 75.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Federated Hermes

In other news, VP Dolores D. Dudiak sold 999 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total value of $47,822.13. Following the completion of the transaction, the vice president owned 88,223 shares of the company’s stock, valued at $4,223,235.01. The trade was a 1.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard A. Novak sold 1,249 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $47.85, for a total value of $59,764.65. Following the sale, the insider directly owned 57,500 shares in the company, valued at $2,751,375. The trade was a 2.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 21,709 shares of company stock valued at $1,049,146. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FHI shares. TD Cowen boosted their target price on Federated Hermes from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Wall Street Zen upgraded Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Cowen reissued a “hold” rating on shares of Federated Hermes in a report on Tuesday, November 4th. Zacks Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.00.

Federated Hermes Trading Down 0.2%

NYSE:FHI opened at $52.84 on Friday. The company has a current ratio of 3.13, a quick ratio of 2.58 and a debt-to-equity ratio of 0.29. Federated Hermes, Inc. has a 1-year low of $35.05 and a 1-year high of $54.48. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.54 and a beta of 0.75. The business’s 50-day moving average price is $51.12 and its two-hundred day moving average price is $50.61.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, October 30th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.23. The company had revenue of $469.45 million during the quarter, compared to analyst estimates of $442.67 million. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%.The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 EPS. On average, equities analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, November 7th. Federated Hermes’s dividend payout ratio is presently 28.39%.

Federated Hermes Profile

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.