Federated Hermes, Inc. (NYSE:FHI) Stake Lifted by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 33.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,892 shares of the company's stock after acquiring an additional 13,439 shares during the quarter. Corient Private Wealth LLC owned 0.07% of Federated Hermes worth $2,212,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in Federated Hermes by 2.5% during the 3rd quarter. FMR LLC now owns 5,666,335 shares of the company's stock worth $208,351,000 after purchasing an additional 137,245 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Federated Hermes by 53.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock valued at $52,493,000 after buying an additional 446,683 shares in the last quarter. Geode Capital Management LLC raised its position in Federated Hermes by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company's stock worth $45,982,000 after acquiring an additional 92,643 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Federated Hermes by 19.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock valued at $37,618,000 after acquiring an additional 145,878 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in shares of Federated Hermes by 13.1% in the 3rd quarter. Two Sigma Advisers LP now owns 787,400 shares of the company's stock worth $28,953,000 after acquiring an additional 90,900 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

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Federated Hermes Trading Down 0.7 %

Shares of Federated Hermes stock traded down $0.28 during trading hours on Thursday, reaching $41.23. The stock had a trading volume of 703,283 shares, compared to its average volume of 662,703. 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, Inc. has a 1 year low of $31.24 and a 1 year high of $43.92. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 1.00 and a beta of 1.10. The firm has a 50 day simple moving average of $38.83 and a two-hundred day simple moving average of $39.28.

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

Federated Hermes Announces Dividend

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

Insider Transactions at Federated Hermes

In other 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 transaction, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group boosted their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Royal Bank of Canada lowered 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 note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, Evercore ISI set a $44.00 target price on Federated Hermes in a research report 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $42.17.

Federated Hermes Company 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.