Knights of Columbus Asset Advisors LLC Has $4.16 Million Holdings in Federated Hermes, Inc. (NYSE:FHI)

Knights of Columbus Asset Advisors LLC boosted its position in Federated Hermes, Inc. (NYSE:FHI) by 32.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,796 shares of the company’s stock after buying an additional 29,930 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.14% of Federated Hermes worth $4,158,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FHI. Fifth Third Bancorp grew its stake in Federated Hermes by 71.1% in the 4th quarter. Fifth Third Bancorp now owns 739 shares of the company’s stock valued at $25,000 after buying an additional 307 shares during the last quarter. Signaturefd LLC grew its stake in Federated Hermes by 69.9% in the 3rd quarter. Signaturefd LLC now owns 834 shares of the company’s stock valued at $28,000 after buying an additional 343 shares during the last quarter. Quarry LP acquired a new position in Federated Hermes in the 2nd quarter valued at $29,000. CENTRAL TRUST Co grew its stake in Federated Hermes by 310.8% in the 3rd quarter. CENTRAL TRUST Co now owns 1,520 shares of the company’s stock valued at $50,000 after buying an additional 1,150 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in Federated Hermes in the 2nd quarter worth $51,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Federated Hermes

In related news, VP Meter Stephen Van sold 1,660 shares of Federated Hermes stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $36.15, for a total transaction of $60,009.00. Following the completion of the transaction, the vice president now directly owns 31,689 shares of the company’s stock, valued at approximately $1,145,557.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Federated Hermes news, VP Meter Stephen Van sold 1,660 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $36.15, for a total value of $60,009.00. Following the completion of the transaction, the vice president now directly owns 31,689 shares of the company’s stock, valued at $1,145,557.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Paul A. Uhlman sold 90,745 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the completion of the transaction, the vice president now directly owns 289,904 shares of the company’s stock, valued at $10,222,015.04. The disclosure for this sale can be found here. Insiders sold 115,435 shares of company stock valued at $4,092,831 in the last ninety days. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FHI. TD Cowen began coverage on shares of Federated Hermes in a research report on Thursday, January 4th. They issued a “market perform” rating and a $32.00 price target on the stock. UBS Group raised their price target on shares of Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada raised their price target on shares of Federated Hermes from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.50.

Federated Hermes Price Performance

NYSE:FHI opened at $35.29 on Friday. The company has a 50-day moving average of $35.68 and a 200-day moving average of $34.06. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.82 and a beta of 1.12. Federated Hermes, Inc. has a 52 week low of $30.23 and a 52 week high of $43.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.89 and a current ratio of 2.51.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Friday, January 26th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.12. Federated Hermes had a net margin of 18.58% and a return on equity of 26.76%. The company had revenue of $391.50 million during the quarter, compared to the consensus estimate of $396.97 million. During the same period last year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Federated Hermes, Inc. will post 3.76 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.17%. The ex-dividend date was Wednesday, February 7th. Federated Hermes’s dividend payout ratio is currently 32.84%.

About Federated Hermes

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.