Elo Mutual Pension Insurance Co Takes Position in Federated Hermes, Inc. (NYSE:FHI)

Elo Mutual Pension Insurance Co purchased a new stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,844 shares of the company's stock, valued at approximately $446,000.

Several other large investors have also made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in shares of Federated Hermes by 53.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock worth $52,493,000 after acquiring an additional 446,683 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Federated Hermes by 24.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company's stock valued at $28,282,000 after purchasing an additional 152,926 shares during the last quarter. Barclays PLC boosted its holdings in shares of Federated Hermes by 228.6% during the 3rd quarter. Barclays PLC now owns 215,650 shares of the company's stock valued at $7,930,000 after purchasing an additional 150,017 shares during the last quarter. FMR LLC increased its holdings in shares of Federated Hermes by 2.5% in the third 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 last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Federated Hermes in the fourth quarter worth about $4,155,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $38.81, for a total value of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

Federated Hermes Trading Down 6.4 %

NYSE FHI traded down $2.52 on Friday, hitting $36.94. 1,222,324 shares of the stock were exchanged, compared to its average volume of 731,282. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92. The firm has a market capitalization of $3.00 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.00 and a beta of 0.84. The stock has a fifty day moving average price of $39.11 and a two-hundred day moving average price of $39.53.

Federated Hermes (NYSE:FHI - Get Free Report) last released 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%. Research analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.36%. Federated Hermes's dividend payout ratio is 38.87%.

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.