Grantham Mayo Van Otterloo & Co. LLC Buys 54,174 Shares of Federated Hermes, Inc. (NYSE:FHI)

Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 96.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,211 shares of the company’s stock after buying an additional 54,174 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.13% of Federated Hermes worth $4,531,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of Federated Hermes in the 4th quarter worth about $43,000. Sound Income Strategies LLC purchased a new position in Federated Hermes in the fourth quarter worth about $53,000. Neo Ivy Capital Management bought a new position in shares of Federated Hermes in the third quarter worth approximately $60,000. GAMMA Investing LLC grew its holdings in shares of Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock valued at $70,000 after buying an additional 646 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Federated Hermes during the fourth quarter valued at approximately $73,000. 75.94% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at $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 is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Federated Hermes Stock Performance

FHI opened at $36.94 on Monday. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.00 and a beta of 0.84. The company’s 50 day moving average is $39.11 and its 200 day moving average is $39.58.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. On average, equities research analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is currently 38.87%.

Analysts Set New Price Targets

Several research firms recently issued reports on FHI. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. UBS Group lifted their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Evercore ISI set a $44.00 target price on shares of Federated Hermes in a research note on Monday, February 3rd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $42.17.

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.