Federated Hermes, Inc. (NYSE:FHI) Stake Decreased by Continental Advisors LLC

Continental Advisors LLC lessened its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,859 shares of the company's stock after selling 12,608 shares during the period. Federated Hermes makes up approximately 3.4% of Continental Advisors LLC's portfolio, making the stock its 7th biggest holding. Continental Advisors LLC owned 0.22% of Federated Hermes worth $7,312,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FHI. R Squared Ltd acquired a new stake in shares of Federated Hermes in the 4th quarter worth approximately $43,000. Sound Income Strategies LLC acquired a new stake in Federated Hermes in the fourth quarter valued at $53,000. GAMMA Investing LLC increased its position in shares of Federated Hermes by 60.9% in the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock valued at $70,000 after buying an additional 646 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Federated Hermes during the 4th quarter worth $73,000. Finally, Jones Financial Companies Lllp boosted its position 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 worth $109,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

Federated Hermes Trading Down 3.5 %

Shares of FHI stock opened at $36.26 on Tuesday. The firm's 50-day simple moving average is $38.62 and its 200-day simple moving average is $39.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. The firm has a market cap of $2.95 billion, a P/E ratio of 11.37, a PEG ratio of 1.00 and a beta of 0.84.

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

Federated Hermes Dividend Announcement

The firm 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 was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.42%. Federated Hermes's payout ratio is 38.87%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. 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. Evercore ISI reduced their target price on Federated Hermes from $42.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada dropped their price target on 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 research report on Tuesday, April 1st. Finally, UBS Group boosted their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating 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. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $41.17.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were 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 owns 179,096 shares of the company's stock, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by corporate 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.

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