Invesco Ltd. Sells 66,238 Shares of Federated Hermes, Inc. (NYSE:FHI)

Invesco Ltd. reduced its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,230,506 shares of the company's stock after selling 66,238 shares during the quarter. Invesco Ltd. owned about 2.73% of Federated Hermes worth $91,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of FHI. R Squared Ltd bought a new position in shares of Federated Hermes during the 4th quarter valued at approximately $43,000. Sound Income Strategies LLC purchased a new position in shares of Federated Hermes in the 4th quarter worth $53,000. GAMMA Investing LLC raised its position in shares of Federated Hermes by 60.9% during 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. C M Bidwell & Associates Ltd. purchased a new position in Federated Hermes in the fourth quarter worth about $73,000. Finally, Jones Financial Companies Lllp increased its stake in Federated Hermes by 112.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company's stock worth $109,000 after acquiring an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

Federated Hermes Trading Up 0.3 %

Shares of NYSE FHI traded up $0.11 during mid-day trading on Friday, reaching $37.58. The company had a trading volume of 520,289 shares, compared to its average volume of 733,617. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. The business's 50-day moving average is $38.67 and its 200-day moving average is $39.56. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32.

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, 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%. 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. Shareholders 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 yield of 3.30%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes's dividend payout ratio (DPR) is presently 38.87%.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently 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. Evercore ISI reduced their target price on shares of Federated Hermes from $42.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. StockNews.com downgraded shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 1st. Finally, UBS Group raised their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. One research 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, the stock currently has an average rating of "Hold" and a consensus price target of $41.17.

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.