Charles Schwab Investment Management Inc. Has $28.28 Million Stock Holdings in Federated Hermes, Inc. (NYSE:FHI)

Charles Schwab Investment Management Inc. lifted its holdings in Federated Hermes, Inc. (NYSE:FHI) by 24.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 769,167 shares of the company’s stock after purchasing an additional 152,926 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Federated Hermes were worth $28,282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Moran Wealth Management LLC grew its position in shares of Federated Hermes by 3.5% in the 3rd quarter. Moran Wealth Management LLC now owns 70,557 shares of the company’s stock valued at $2,594,000 after purchasing an additional 2,386 shares during the period. Ontario Teachers Pension Plan Board grew its position in shares of Federated Hermes by 13.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 37,144 shares of the company’s stock valued at $1,366,000 after purchasing an additional 4,442 shares during the period. Factorial Partners LLC grew its position in shares of Federated Hermes by 11.5% in the 3rd quarter. Factorial Partners LLC now owns 160,239 shares of the company’s stock valued at $5,892,000 after purchasing an additional 16,500 shares during the period. Schneider Downs Wealth Management Advisors LP boosted its position in Federated Hermes by 31.4% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 90,914 shares of the company’s stock worth $3,343,000 after acquiring an additional 21,732 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Federated Hermes by 387.6% during the 3rd quarter. Victory Capital Management Inc. now owns 159,561 shares of the company’s stock worth $5,867,000 after acquiring an additional 126,840 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on FHI. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. UBS Group upped their price target on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft upped their price target on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Evercore ISI upped their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

Federated Hermes Stock Up 0.8 %

FHI opened at $42.80 on Thursday. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.23. The stock’s fifty day simple moving average is $39.71 and its 200 day simple moving average is $35.72. 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 has a market cap of $3.50 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.15.

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

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s dividend payout ratio (DPR) is presently 39.87%.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company’s 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 directly owns 179,096 shares of the company’s stock, valued at $7,138,766.56. This represents a 6.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Paul A. Uhlman sold 6,311 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total value of $261,212.29. Following the completion of the transaction, the vice president now directly owns 310,767 shares in the company, valued at approximately $12,862,646.13. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,280 shares of company stock worth $1,185,871. Company insiders own 3.70% of the company’s stock.

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.