Federated Hermes, Inc. (NYSE:FHI) Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Federated Hermes, Inc. (NYSE:FHIGet Rating) by 13.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,702 shares of the company’s stock after selling 11,618 shares during the quarter. Mutual of America Capital Management LLC owned about 0.08% of Federated Hermes worth $2,438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Win Advisors Inc. raised its stake in shares of Federated Hermes by 50.8% during the second quarter. Win Advisors Inc. now owns 900 shares of the company’s stock valued at $29,000 after purchasing an additional 303 shares in the last quarter. Van ECK Associates Corp raised its position in Federated Hermes by 32.2% in the second quarter. Van ECK Associates Corp now owns 1,647 shares of the company’s stock worth $52,000 after acquiring an additional 401 shares in the last quarter. National Bank of Canada FI raised its position in Federated Hermes by 3.6% in the second quarter. National Bank of Canada FI now owns 12,942 shares of the company’s stock worth $411,000 after acquiring an additional 448 shares in the last quarter. Mackenzie Financial Corp raised its position in Federated Hermes by 6.8% in the second quarter. Mackenzie Financial Corp now owns 7,096 shares of the company’s stock worth $226,000 after acquiring an additional 449 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in Federated Hermes by 2.3% in the first quarter. Ontario Teachers Pension Plan Board now owns 20,615 shares of the company’s stock worth $702,000 after acquiring an additional 472 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Federated Hermes Trading Up 1.2 %

Shares of FHI opened at $37.70 on Wednesday. The business’s 50-day moving average price is $33.89 and its 200 day moving average price is $33.42. The stock has a market capitalization of $3.36 billion, a P/E ratio of 13.76 and a beta of 1.03. Federated Hermes, Inc. has a 1-year low of $27.88 and a 1-year high of $39.82. The company has a current ratio of 2.64, a quick ratio of 1.90 and a debt-to-equity ratio of 0.41.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 8th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, November 7th. This represents a $1.08 dividend on an annualized basis and a yield of 2.86%. Federated Hermes’s dividend payout ratio is currently 39.42%.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 15,017 shares of Federated Hermes stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $33.49, for a total value of $502,919.33. Following the transaction, the chief executive officer now owns 257,797 shares of the company’s stock, valued at approximately $8,633,621.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 15,017 shares of Federated Hermes stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $33.49, for a total transaction of $502,919.33. Following the transaction, the chief executive officer now owns 257,797 shares of the company’s stock, valued at approximately $8,633,621.53. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thomas R. Donahue sold 30,000 shares of Federated Hermes stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $35.21, for a total value of $1,056,300.00. Following the transaction, the chief financial officer now directly owns 544,630 shares in the company, valued at approximately $19,176,422.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,797 shares of company stock valued at $2,073,458. 5.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Federated Hermes from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 1st. StockNews.com assumed coverage on shares of Federated Hermes in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Federated Hermes from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.50.

About Federated Hermes

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Federated Hermes, Inc is a publicly owned asset management holding company. 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.

See Also

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Institutional Ownership by Quarter for Federated Hermes (NYSE:FHI)

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