Nisa Investment Advisors LLC Sells 2,000 Shares of Federated Hermes, Inc. (NYSE:FHI)

Nisa Investment Advisors LLC lessened its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,404 shares of the company’s stock after selling 2,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Federated Hermes were worth $555,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FHI. Alyeska Investment Group L.P. bought a new position in shares of Federated Hermes during the 1st quarter worth approximately $28,723,000. Invesco Ltd. raised its stake in shares of Federated Hermes by 61.0% during the 1st quarter. Invesco Ltd. now owns 1,822,046 shares of the company’s stock worth $62,060,000 after acquiring an additional 690,423 shares in the last quarter. FMR LLC raised its stake in shares of Federated Hermes by 12.6% during the 3rd quarter. FMR LLC now owns 5,033,058 shares of the company’s stock worth $170,470,000 after acquiring an additional 562,232 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Federated Hermes by 87.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,139,694 shares of the company’s stock worth $38,601,000 after acquiring an additional 533,083 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Federated Hermes by 183.5% during the 3rd quarter. AQR Capital Management LLC now owns 801,443 shares of the company’s stock valued at $27,145,000 after purchasing an additional 518,715 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Insider Activity

In other news, VP Paul A. Uhlman sold 90,745 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $35.26, for a total value of $3,199,668.70. Following the sale, the vice president now directly owns 289,904 shares of the company’s stock, valued at approximately $10,222,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Paul A. Uhlman sold 90,745 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the sale, the vice president now directly owns 289,904 shares of the company’s stock, valued at $10,222,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Meter Stephen Van sold 1,660 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $36.15, for a total transaction of $60,009.00. Following the sale, the vice president now directly owns 31,689 shares in the company, valued at $1,145,557.35. The disclosure for this sale can be found here. Insiders have 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.

Wall Street Analysts Forecast Growth

FHI has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of Federated Hermes from $36.00 to $37.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Federated Hermes from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. UBS Group upped their price target on shares of Federated Hermes from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, TD Cowen initiated coverage on shares of Federated Hermes in a research note on Thursday, January 4th. They set a “market perform” rating and a $32.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.00.

Federated Hermes Stock Down 0.4 %

FHI stock opened at $35.08 on Thursday. The firm’s fifty day simple moving average is $35.68 and its 200-day simple moving average is $34.04. The company has a market capitalization of $2.96 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.51 and a quick ratio of 1.89. Federated Hermes, Inc. has a 12 month low of $30.23 and a 12 month high of $45.55.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Friday, January 26th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.84 by $0.12. The business had revenue of $391.50 million for the quarter, compared to the consensus estimate of $396.97 million. Federated Hermes had a net margin of 18.58% and a return on equity of 26.76%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS. As a group, equities research analysts forecast that Federated Hermes, Inc. will post 3.73 earnings per share for the current year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Wednesday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is currently 32.84%.

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.