Mitsubishi UFJ Trust & Banking Corp Purchases 12,585 Shares of Federated Hermes, Inc. (NYSE:FHI)

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,401 shares of the company's stock after purchasing an additional 12,585 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.24% of Federated Hermes worth $8,156,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm'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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FHI shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. 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 for the company in a research report on Tuesday, January 28th. StockNews.com downgraded Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Tuesday. UBS Group lifted their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Federated Hermes has an average rating of "Hold" and a consensus price target of $42.17.

Federated Hermes Trading Down 3.8 %

FHI stock traded down $1.56 during mid-day trading on Thursday, reaching $39.52. The company's stock had a trading volume of 103,969 shares, compared to its average volume of 725,676. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The business's 50 day moving average price is $39.12 and its 200 day moving average price is $39.52. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10.

Federated Hermes (NYSE:FHI - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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, equities research analysts predict 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. Shareholders of record on Friday, February 7th were issued a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.14%. Federated Hermes's payout ratio is currently 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.