Pacer Advisors Inc. trimmed its holdings in shares of Federated Hermes, Inc. (NYSE:FHI – Free Report) by 50.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,614 shares of the company’s stock after selling 11,893 shares during the quarter. Pacer Advisors Inc.’s holdings in Federated Hermes were worth $477,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Handelsbanken Fonder AB raised its position in Federated Hermes by 12.8% during the third quarter. Handelsbanken Fonder AB now owns 20,253 shares of the company’s stock worth $745,000 after acquiring an additional 2,300 shares during the period. GAMMA Investing LLC raised its position in shares of Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after buying an additional 349 shares during the period. Diversified Trust Co lifted its holdings in Federated Hermes by 13.2% in the third quarter. Diversified Trust Co now owns 7,970 shares of the company’s stock valued at $293,000 after acquiring an additional 928 shares during the last quarter. CWM LLC grew its position in Federated Hermes by 74.7% in the third quarter. CWM LLC now owns 2,523 shares of the company’s stock worth $93,000 after acquiring an additional 1,079 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in Federated Hermes by 19.0% during the third quarter. Exchange Traded Concepts LLC now owns 21,680 shares of the company’s stock worth $797,000 after acquiring an additional 3,462 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.
Insider Buying and Selling at Federated Hermes
In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 4,454 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.38, for a total transaction of $184,306.52. Following the sale, the chief executive officer now owns 184,642 shares of the company’s stock, valued at approximately $7,640,485.96. This trade represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard A. Novak sold 1,363 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total transaction of $56,523.61. Following the completion of the transaction, the insider now owns 53,837 shares of the company’s stock, valued at approximately $2,232,620.39. The trade was a 2.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,128 shares of company stock valued at $502,042. Insiders own 3.70% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Analysis on FHI
Federated Hermes Stock Up 0.9 %
Federated Hermes stock opened at $39.72 on Wednesday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.47 and a beta of 1.16. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The stock’s fifty day simple moving average is $40.63 and its 200-day simple moving average is $38.02.
Federated Hermes (NYSE:FHI – Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. As a group, equities analysts expect that Federated Hermes, Inc. will post 4.14 earnings per share for the current fiscal year.
Federated Hermes Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.12%. Federated Hermes’s dividend payout ratio is currently 38.87%.
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.
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