Villanova Investment Management Co LLC Buys 3,903 Shares of Federated Hermes, Inc. (NYSE:FHI)

Villanova Investment Management Co LLC increased its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,408 shares of the company’s stock after acquiring an additional 3,903 shares during the quarter. Villanova Investment Management Co LLC’s holdings in Federated Hermes were worth $1,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of FHI. Allspring Global Investments Holdings LLC purchased a new position in Federated Hermes during the 4th quarter valued at about $292,000. Inspire Investing LLC purchased a new position in shares of Federated Hermes during the fourth quarter valued at approximately $829,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Federated Hermes by 19.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock valued at $37,618,000 after acquiring an additional 145,878 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Federated Hermes by 78.5% in the fourth quarter. Sanctuary Advisors LLC now owns 23,046 shares of the company’s stock worth $916,000 after acquiring an additional 10,135 shares during the period. Finally, Fortis Advisors LLC bought a new stake in Federated Hermes in the fourth quarter valued at $727,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Stock Performance

FHI stock opened at $40.86 on Tuesday. Federated Hermes, Inc. has a 1 year low of $31.24 and a 1 year high of $43.92. The stock’s fifty day moving average price is $39.00 and its 200-day moving average price is $39.46. 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 company has a market cap of $3.32 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share 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%. On average, equities analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s dividend payout ratio is presently 38.87%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Evercore ISI set a $44.00 target price on shares of Federated Hermes in a report on Monday, February 3rd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reduced their price target on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.17.

Insider Activity

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm’s stock in a transaction 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 directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% 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.