Swiss National Bank Sells 11,700 Shares of Federated Hermes, Inc. (NYSE:FHI)

Swiss National Bank reduced its position in Federated Hermes, Inc. (NYSE:FHIGet Rating) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 205,917 shares of the company’s stock after selling 11,700 shares during the quarter. Swiss National Bank’s holdings in Federated Hermes were worth $6,546,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Win Advisors Inc. raised its position in shares of Federated Hermes by 50.8% in the 2nd quarter. Win Advisors Inc. now owns 900 shares of the company’s stock valued at $29,000 after purchasing an additional 303 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Federated Hermes by 32.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,647 shares of the company’s stock valued at $52,000 after purchasing an additional 401 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Federated Hermes in the 2nd quarter valued at approximately $66,000. Denali Advisors LLC purchased a new position in shares of Federated Hermes in the 2nd quarter valued at approximately $108,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Federated Hermes in the 1st quarter valued at approximately $126,000. 81.38% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Thomas R. Donahue sold 30,000 shares of Federated Hermes stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 544,630 shares of the company’s stock, valued at approximately $19,176,422.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Saker Anwar Nusseibeh sold 14,300 shares of Federated Hermes stock in a transaction 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 sale, the chief executive officer now owns 243,497 shares of the company’s stock, valued at approximately $8,485,870.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas R. Donahue sold 30,000 shares of Federated Hermes stock in a transaction on 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 in the company, valued at approximately $19,176,422.30. The disclosure for this sale can be found here. Insiders sold a total of 59,797 shares of company stock valued at $2,073,458 in the last three months. 5.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FHI shares. Royal Bank of Canada raised their price target on shares of Federated Hermes from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Federated Hermes from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, November 15th. Finally, StockNews.com started coverage on shares of Federated Hermes in a research report on Wednesday, October 12th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.50.

Federated Hermes Price Performance

NYSE:FHI opened at $37.46 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.64 and a quick ratio of 1.90. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 13.68 and a beta of 1.03. The company has a 50 day moving average price of $33.95 and a 200-day moving average price of $33.48. Federated Hermes, Inc. has a 1-year low of $27.88 and a 1-year high of $39.82.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 8th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Monday, November 7th. Federated Hermes’s dividend payout ratio (DPR) is 39.42%.

Federated Hermes Company Profile

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Federated Hermes, Inc is a publicly owned asset management holding company. 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.

See Also

Want to see what other hedge funds are holding FHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federated Hermes, Inc. (NYSE:FHIGet Rating).

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

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