Congress Wealth Management LLC DE Lowers Stake in Federated Hermes, Inc. (NYSE:FHI)

Congress Wealth Management LLC DE decreased its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 64.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,907 shares of the company's stock after selling 12,382 shares during the quarter. Congress Wealth Management LLC DE's holdings in Federated Hermes were worth $284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in shares of Federated Hermes during the 4th quarter worth approximately $43,000. Sound Income Strategies LLC bought a new position in Federated Hermes during the fourth quarter valued at $53,000. Neo Ivy Capital Management purchased a new position in shares of Federated Hermes in the 3rd quarter worth $60,000. GAMMA Investing LLC increased its holdings in shares of Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock worth $70,000 after buying an additional 646 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Federated Hermes by 112.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company's stock valued at $109,000 after buying an additional 1,400 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Trading Down 3.9 %

Federated Hermes stock traded down $1.62 during mid-day trading on Thursday, hitting $39.47. The company's stock had a trading volume of 1,079,780 shares, compared to its average volume of 730,228. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The company has a 50 day moving average of $39.15 and a 200-day moving average of $39.52. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The stock has a market cap of $3.21 billion, a PE ratio of 12.37, a P/E/G ratio of 1.00 and a beta of 0.84.

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

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.14%. Federated Hermes's payout ratio is 38.87%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. StockNews.com lowered Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Tuesday. UBS Group raised their price target on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Royal Bank of Canada cut their price objective on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 28th. Finally, Evercore ISI set a $44.00 target price on shares of Federated Hermes in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $42.17.

Insider Activity at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.80% of the stock is owned by company insiders.

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.