Federated Hermes, Inc. (NYSE:FHI) Stock Position Decreased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 531,249 shares of the company's stock after selling 29,226 shares during the period. Commonwealth Equity Services LLC owned 0.65% of Federated Hermes worth $21,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FHI. Entropy Technologies LP bought a new stake in shares of Federated Hermes during the 3rd quarter valued at about $214,000. Victory Capital Management Inc. grew its position in Federated Hermes by 387.6% in the 3rd quarter. Victory Capital Management Inc. now owns 159,561 shares of the company's stock worth $5,867,000 after purchasing an additional 126,840 shares during the last quarter. Schneider Downs Wealth Management Advisors LP grew its position in Federated Hermes by 31.4% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 90,914 shares of the company's stock worth $3,343,000 after purchasing an additional 21,732 shares during the last quarter. Factorial Partners LLC grew its position in Federated Hermes by 11.5% in the 3rd quarter. Factorial Partners LLC now owns 160,239 shares of the company's stock worth $5,892,000 after purchasing an additional 16,500 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in Federated Hermes by 13.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 37,144 shares of the company's stock worth $1,366,000 after purchasing an additional 4,442 shares during the last quarter. Institutional investors own 75.94% of the company's stock.

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Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the sale, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.70% of the company's stock.

Federated Hermes Price Performance

FHI stock traded down $0.13 on Thursday, hitting $39.73. 781,572 shares of the company's stock traded hands, compared to its average volume of 652,090. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 1.00 and a beta of 1.10. The stock has a fifty day moving average of $38.63 and a 200-day moving average of $39.07. 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 (NYSE:FHI - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. On average, analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.12%. The ex-dividend date was Friday, February 7th. Federated Hermes's dividend payout ratio is presently 38.87%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 28th. StockNews.com cut shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Evercore ISI set a $44.00 price target on shares of Federated Hermes in a research note on Monday, February 3rd. Finally, UBS Group upped their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Federated Hermes has an average rating of "Hold" and an average target price of $42.17.

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.