Oregon Public Employees Retirement Fund cut its stake in shares of Federated Hermes, Inc. (NYSE:FHI – Get Rating) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,736 shares of the company’s stock after selling 1,961 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Federated Hermes were worth $819,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC grew its stake in shares of Federated Hermes by 4.8% during the third quarter. SG Americas Securities LLC now owns 13,819 shares of the company’s stock worth $458,000 after purchasing an additional 634 shares during the period. Whitener Capital Management Inc. lifted its holdings in Federated Hermes by 3.6% during the third quarter. Whitener Capital Management Inc. now owns 9,950 shares of the company’s stock worth $329,000 after acquiring an additional 350 shares in the last quarter. Strs Ohio lifted its holdings in Federated Hermes by 57.6% during the third quarter. Strs Ohio now owns 34,200 shares of the company’s stock worth $1,132,000 after acquiring an additional 12,500 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in Federated Hermes during the third quarter worth about $30,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Federated Hermes by 3.0% during the third quarter. Janney Montgomery Scott LLC now owns 48,380 shares of the company’s stock worth $1,602,000 after acquiring an additional 1,425 shares in the last quarter. 78.82% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 14,300 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $34.85, for a total transaction of $498,355.00. Following the transaction, the chief executive officer now owns 243,497 shares of the company’s stock, valued at $8,485,870.45. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Vice Chairman Gordon J. Ceresino sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $37.95, for a total value of $759,000.00. Following the transaction, the insider now owns 155,829 shares of the company’s stock, valued at $5,913,710.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 14,300 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $34.85, for a total value of $498,355.00. Following the completion of the transaction, the chief executive officer now directly owns 243,497 shares in the company, valued at approximately $8,485,870.45. The disclosure for this sale can be found here. Insiders have sold a total of 96,328 shares of company stock valued at $3,524,104 over the last 90 days. 5.00% of the stock is currently owned by insiders.
Federated Hermes Price Performance
Federated Hermes (NYSE:FHI – Get Rating) last released its earnings results on Thursday, October 27th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The business had revenue of $381.14 million for the quarter, compared to the consensus estimate of $373.91 million. Federated Hermes had a return on equity of 25.31% and a net margin of 18.05%. As a group, sell-side analysts forecast that Federated Hermes, Inc. will post 2.87 EPS for the current fiscal year.
Federated Hermes Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 8th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Monday, November 7th. Federated Hermes’s dividend payout ratio (DPR) is presently 39.42%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Federated Hermes from $42.00 to $44.00 in a report on Wednesday, January 11th. StockNews.com assumed coverage on Federated Hermes in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada boosted their price target on Federated Hermes from $33.00 to $35.00 and gave the company a “sector perform” rating in a report on Tuesday, November 1st. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.10.
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.
- Get a free copy of the StockNews.com research report on Federated Hermes (FHI)
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