7,725 Shares in Federated Hermes, Inc. (NYSE:FHI) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd acquired a new stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,725 shares of the company's stock, valued at approximately $317,000.

A number of other large investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in Federated Hermes by 387.6% in the 3rd quarter. Victory Capital Management Inc. now owns 159,561 shares of the company's stock valued at $5,867,000 after acquiring an additional 126,840 shares during the period. Moran Wealth Management LLC lifted its holdings in Federated Hermes by 3.5% during the 3rd quarter. Moran Wealth Management LLC now owns 70,557 shares of the company's stock worth $2,594,000 after buying an additional 2,386 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Federated Hermes by 24.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company's stock valued at $28,282,000 after buying an additional 152,926 shares during the last quarter. Algert Global LLC increased its stake in shares of Federated Hermes by 1.0% in the third quarter. Algert Global LLC now owns 353,242 shares of the company's stock valued at $12,989,000 after buying an additional 3,440 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Federated Hermes by 14.7% during the third quarter. Bank of Montreal Can now owns 324,605 shares of the company's stock worth $12,007,000 after acquiring an additional 41,610 shares during the last quarter. Institutional investors own 75.94% of the company's stock.

Remove Ads

Insider Buying and Selling

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is owned by company insiders.

Federated Hermes Stock Up 0.7 %

NYSE:FHI traded up $0.30 during trading hours on Wednesday, reaching $41.51. The company had a trading volume of 816,658 shares, compared to its average volume of 894,992. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 1.00 and a beta of 1.10. The business's 50-day simple moving average is $38.77 and its two-hundred day simple moving average is $39.26.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. On average, equities analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes's payout ratio is 38.87%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FHI shares. Deutsche Bank Aktiengesellschaft reissued 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. Royal Bank of Canada decreased their price objective 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 shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Finally, UBS Group lifted their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock 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.