KLP Kapitalforvaltning AS Takes $1.74 Million Position in Federated Hermes, Inc. (NYSE:FHI)

KLP Kapitalforvaltning AS purchased a new position in Federated Hermes, Inc. (NYSE:FHI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 42,300 shares of the company's stock, valued at approximately $1,739,000. KLP Kapitalforvaltning AS owned approximately 0.05% of Federated Hermes as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank grew its position in shares of Federated Hermes by 1.0% in the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company's stock worth $1,341,000 after acquiring an additional 313 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Federated Hermes by 2.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company's stock worth $612,000 after purchasing an additional 340 shares during the last quarter. MBM Wealth Consultants LLC lifted its stake in Federated Hermes by 6.8% during the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock worth $306,000 after purchasing an additional 474 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Federated Hermes by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company's stock worth $914,000 after purchasing an additional 560 shares during the period. Finally, GAMMA Investing LLC increased its stake in Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock valued at $70,000 after purchasing an additional 646 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

Federated Hermes Stock Performance

Shares of NYSE FHI traded up $0.24 during midday trading on Wednesday, hitting $41.16. 511,213 shares of the company's stock were exchanged, compared to its average volume of 728,081. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The firm has a market cap of $3.35 billion, a P/E ratio of 12.90, a PEG ratio of 1.00 and a beta of 1.10. The stock's 50 day moving average price is $39.12 and its 200-day moving average price is $39.52. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.01%. Federated Hermes's dividend payout ratio is presently 38.87%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FHI. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Royal Bank of Canada lowered their target price on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a report on Tuesday, January 28th. Evercore ISI set a $44.00 price target on Federated Hermes in a report on Monday, February 3rd. Finally, StockNews.com downgraded Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.17.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the transaction, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.

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.