New York State Teachers Retirement System Sells 3,216 Shares of Federated Hermes, Inc. (NYSE:FHI)

New York State Teachers Retirement System decreased its position in shares of Federated Hermes, Inc. (NYSE:FHIGet Rating) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,143 shares of the company’s stock after selling 3,216 shares during the period. New York State Teachers Retirement System owned approximately 0.16% of Federated Hermes worth $4,708,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Win Advisors Inc. increased its position in 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 acquiring an additional 303 shares during the last quarter. Wipfli Financial Advisors LLC bought a new position in Federated Hermes during the third quarter valued at $30,000. Van ECK Associates Corp increased its position in Federated Hermes by 32.2% during the second quarter. Van ECK Associates Corp now owns 1,647 shares of the company’s stock valued at $52,000 after acquiring an additional 401 shares during the last quarter. Ronald Blue Trust Inc. increased its position in Federated Hermes by 158.8% during the third quarter. Ronald Blue Trust Inc. now owns 1,716 shares of the company’s stock valued at $54,000 after acquiring an additional 1,053 shares during the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in Federated Hermes during the second quarter valued at $66,000. Institutional investors own 78.82% of the company’s stock.

Insider Buying and Selling

In other Federated Hermes news, CFO Thomas R. Donahue sold 30,000 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $35.21, for a total transaction of $1,056,300.00. Following the completion of the sale, the chief financial officer now directly owns 544,630 shares of the company’s stock, valued at $19,176,422.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Federated Hermes news, CFO Thomas R. Donahue sold 30,000 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $35.21, for a total transaction of $1,056,300.00. Following the completion of the sale, the chief financial officer now directly owns 544,630 shares of the company’s stock, valued at $19,176,422.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Gordon J. Ceresino sold 20,000 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $37.95, for a total transaction of $759,000.00. Following the sale, the insider now directly owns 155,829 shares of the company’s stock, valued at $5,913,710.55. The disclosure for this sale can be found here. Insiders sold a total of 96,328 shares of company stock valued at $3,524,104 over the last three months. 5.00% of the stock is owned by company insiders.

Federated Hermes Stock Up 1.1 %

NYSE:FHI opened at $39.21 on Monday. Federated Hermes, Inc. has a 1-year low of $27.88 and a 1-year high of $39.29. The company has a 50-day moving average of $36.82 and a 200 day moving average of $34.82. The firm has a market cap of $3.49 billion, a PE ratio of 14.31 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.64 and a quick ratio of 1.90.

Federated Hermes (NYSE:FHIGet Rating) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. Federated Hermes had a net margin of 18.05% and a return on equity of 25.31%. The company had revenue of $381.14 million during the quarter, compared to analyst estimates of $373.91 million. As a group, research analysts anticipate that Federated Hermes, Inc. will post 2.87 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 8th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Monday, November 7th. Federated Hermes’s dividend payout ratio (DPR) is presently 39.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Federated Hermes from $33.00 to $35.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Federated Hermes from $42.00 to $44.00 in a report on Wednesday, January 11th. Finally, StockNews.com started coverage on shares of Federated Hermes in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Federated Hermes has an average rating of “Hold” and a consensus price target of $35.10.

About Federated Hermes

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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.

Further Reading

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

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