Sei Investments Co. Has $4.61 Million Stock Position in Federated Hermes, Inc. (NYSE:FHI)

Sei Investments Co. lifted its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 776.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 112,018 shares of the company's stock after buying an additional 99,240 shares during the quarter. Sei Investments Co. owned approximately 0.14% of Federated Hermes worth $4,605,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FHI. R Squared Ltd bought a new position in Federated Hermes during the 4th quarter worth $43,000. Sound Income Strategies LLC acquired a new position in shares of Federated Hermes during the fourth quarter valued at $53,000. Neo Ivy Capital Management acquired a new position in shares of Federated Hermes during the third quarter valued at $60,000. GAMMA Investing LLC grew its position 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 acquiring an additional 646 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings 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 acquiring an additional 1,400 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 completion of the sale, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

FHI has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued an "underweight" rating and set a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. UBS Group increased their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Evercore ISI set a $44.00 target price on Federated Hermes in a research note on Monday, February 3rd. StockNews.com cut Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $43.00 price target (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Federated Hermes presently has a consensus rating of "Hold" and an average target price of $42.17.

Federated Hermes Price Performance

NYSE FHI traded down $0.73 on Monday, reaching $36.15. 1,204,420 shares of the stock traded hands, compared to its average volume of 734,077. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 1.00 and a beta of 0.84. The firm's fifty day simple moving average is $39.06 and its 200 day simple moving average is $39.58. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32.

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

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.43%. Federated Hermes's dividend payout ratio is currently 38.87%.

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.