Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,848 shares of the company’s stock after selling 1,395 shares during the quarter. Federated Hermes Inc.’s holdings in Federated Hermes were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FHI. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Federated Hermes by 51.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,274 shares of the company’s stock valued at $653,000 after purchasing an additional 6,521 shares during the last quarter. DGS Capital Management LLC grew its position in shares of Federated Hermes by 6.7% in the fourth quarter. DGS Capital Management LLC now owns 9,258 shares of the company’s stock valued at $313,000 after purchasing an additional 584 shares during the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $248,000. Cornercap Investment Counsel Inc. grew its position in shares of Federated Hermes by 134.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 28,224 shares of the company’s stock valued at $956,000 after purchasing an additional 16,181 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $819,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FHI has been the topic of several research reports. Royal Bank of Canada increased 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 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 stock an “overweight” rating in a research report on Wednesday, April 17th. UBS Group raised their target price on shares of Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Evercore ISI decreased 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 report on Wednesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.29.

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 8,302 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $36.15, for a total transaction of $300,117.30. Following the completion of the transaction, the chief executive officer now directly owns 178,176 shares of the company’s stock, valued at approximately $6,441,062.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Saker Anwar Nusseibeh sold 8,302 shares of Federated Hermes stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $36.15, for a total value of $300,117.30. Following the completion of the transaction, the chief executive officer now directly owns 178,176 shares of the company’s stock, valued at approximately $6,441,062.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard A. Novak sold 908 shares of Federated Hermes stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $36.07, for a total transaction of $32,751.56. Following the completion of the transaction, the insider now directly owns 49,068 shares of the company’s stock, valued at $1,769,882.76. The disclosure for this sale can be found here. Insiders sold a total of 113,775 shares of company stock valued at $4,032,822 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Federated Hermes Stock Performance

NYSE:FHI opened at $32.89 on Friday. The firm’s 50 day moving average is $35.35 and its two-hundred day 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 company has a quick ratio of 1.89, a current ratio of 3.39 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.78 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.93 and a beta of 1.14.

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

Federated Hermes Increases Dividend

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

About Federated Hermes

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.