Federated Hermes Inc. Has $367,000 Stock Position in Federated Hermes, Inc. (NYSE:FHI)

Federated Hermes Inc. lowered its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 11.4% in the fourth quarter, HoldingsChannel reports. The firm owned 10,848 shares of the company’s stock after selling 1,395 shares during the period. Federated Hermes Inc.’s holdings in Federated Hermes were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FHI. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Federated Hermes by 51.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,274 shares of the company’s stock valued at $653,000 after acquiring an additional 6,521 shares in the last quarter. DGS Capital Management LLC increased its position in Federated Hermes by 6.7% in the 4th quarter. DGS Capital Management LLC now owns 9,258 shares of the company’s stock valued at $313,000 after acquiring an additional 584 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in Federated Hermes in the 4th quarter valued at about $248,000. Cornercap Investment Counsel Inc. increased its position in Federated Hermes by 134.4% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 28,224 shares of the company’s stock valued at $956,000 after acquiring an additional 16,181 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Federated Hermes in the 4th quarter valued at about $819,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Stock Down 0.3 %

Federated Hermes stock opened at $32.89 on Friday. The company’s 50 day simple moving average is $35.35 and its 200 day simple moving average is $34.08. Federated Hermes, Inc. has a fifty-two week low of $30.23 and a fifty-two week high of $40.30. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.93 and a beta of 1.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.39 and a quick ratio of 1.89.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. Federated Hermes had a net margin of 18.75% and a return on equity of 27.00%. The business had revenue of $396.37 million for the quarter, compared to analyst estimates of $400.26 million. During the same quarter last year, the firm earned $0.78 EPS. Federated Hermes’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Federated Hermes, Inc. will post 3.64 EPS for the current year.

Federated Hermes Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th will be paid a dividend of $1.31 per share. This is a positive change from Federated Hermes’s previous None dividend of $1.27. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a yield of 3.8%. Federated Hermes’s dividend payout ratio (DPR) is presently 35.23%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Federated Hermes from $36.00 to $37.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. raised their target price on shares of Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. UBS Group raised their target price 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, Evercore ISI reduced their target price on shares of Federated Hermes from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.29.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 90,745 shares of Federated Hermes stock in a transaction that occurred 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 transaction, the vice president now 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 SEC, which is accessible through this link. In related news, VP Paul A. Uhlman sold 13,820 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $36.20, for a total value of $500,284.00. Following the completion of the sale, the vice president now directly owns 276,084 shares in the company, valued at approximately $9,994,240.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul A. Uhlman sold 90,745 shares of Federated Hermes 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 sale, the vice president now directly owns 289,904 shares of the company’s stock, valued at approximately $10,222,015.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,775 shares of company stock valued at $4,032,822. 3.70% of the stock is currently owned by corporate insiders.

Federated Hermes 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.