Factorial Partners LLC Has $5.89 Million Holdings in Federated Hermes, Inc. (NYSE:FHI)

Factorial Partners LLC boosted its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,239 shares of the company’s stock after acquiring an additional 16,500 shares during the period. Federated Hermes comprises about 3.4% of Factorial Partners LLC’s portfolio, making the stock its 2nd largest position. Factorial Partners LLC owned approximately 0.20% of Federated Hermes worth $5,892,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FHI. Schneider Downs Wealth Management Advisors LP grew its stake in Federated Hermes by 31.4% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 90,914 shares of the company’s stock valued at $3,343,000 after purchasing an additional 21,732 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Federated Hermes by 387.6% in the 3rd quarter. Victory Capital Management Inc. now owns 159,561 shares of the company’s stock worth $5,867,000 after buying an additional 126,840 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Federated Hermes during the 3rd quarter worth approximately $214,000. State of New Jersey Common Pension Fund D lifted its position in Federated Hermes by 1.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,530 shares of the company’s stock valued at $2,152,000 after acquiring an additional 967 shares during the last quarter. Finally, Meritage Portfolio Management boosted its stake in Federated Hermes by 9.3% in the third quarter. Meritage Portfolio Management now owns 10,180 shares of the company’s stock valued at $374,000 after acquiring an additional 870 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Stock Down 2.1 %

Shares of FHI opened at $41.28 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $38.23 and its two-hundred day moving average is $35.00. The firm has a market cap of $3.38 billion, a P/E ratio of 13.27, a PEG ratio of 1.17 and a beta of 1.15. Federated Hermes, Inc. has a 12 month low of $31.08 and a 12 month high of $42.56.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 earnings per share. Analysts predict that Federated Hermes, Inc. will post 3.88 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s dividend payout ratio is currently 39.87%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FHI. Royal Bank of Canada increased their price objective on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $46.00 in a report on Monday, October 28th. UBS Group boosted their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com upgraded Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Federated Hermes currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Insider Transactions at Federated Hermes

In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the sale, the vice president now owns 77,288 shares in the company, valued at $3,083,018.32. The trade was a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. This represents a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Federated Hermes Company 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.