HighTower Advisors LLC Sells 13,313 Shares of Federated Hermes, Inc. (NYSE:FHI)

HighTower Advisors LLC decreased its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,212 shares of the company's stock after selling 13,313 shares during the quarter. HighTower Advisors LLC owned approximately 0.53% of Federated Hermes worth $17,974,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Amalgamated Bank boosted its stake in Federated Hermes by 1.0% in the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company's stock valued at $1,341,000 after buying an additional 313 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Federated Hermes by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company's stock valued at $612,000 after buying an additional 340 shares in the last quarter. MBM Wealth Consultants LLC boosted its stake in Federated Hermes by 6.8% in the 4th quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock valued at $306,000 after buying an additional 474 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Federated Hermes by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company's stock valued at $914,000 after buying an additional 560 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Federated Hermes by 60.9% in the 4th 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. Institutional investors and hedge funds own 75.94% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently commented on FHI. Evercore ISI set a $44.00 price target on Federated Hermes in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their price objective on 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. UBS Group boosted their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, StockNews.com lowered Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Federated Hermes currently has a consensus rating of "Hold" and an average target price of $42.17.

Federated Hermes Trading Up 1.7 %

Shares of FHI stock traded up $0.68 on Wednesday, reaching $39.89. 752,123 shares of the stock were exchanged, compared to its average volume of 651,794. The stock has a market cap of $3.24 billion, a PE ratio of 12.50, a P/E/G ratio of 1.00 and a beta of 1.10. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The stock has a 50 day moving average price of $38.62 and a 200 day moving average price of $39.06.

Federated Hermes (NYSE:FHI - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. Equities research analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently disclosed 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 of this dividend was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.11%. Federated Hermes's dividend payout ratio is presently 38.87%.

Insider Activity at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company's stock in a transaction dated Friday, February 7th. The stock was 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 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 can be accessed through this link. 3.70% of the stock is currently owned by corporate insiders.

About Federated Hermes

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.