Thrivent Financial for Lutherans Sells 64,879 Shares of Federated Hermes, Inc. (NYSE:FHI)

Thrivent Financial for Lutherans lessened its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,594 shares of the company's stock after selling 64,879 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.23% of Federated Hermes worth $7,836,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Federated Hermes by 53.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock valued at $52,493,000 after purchasing an additional 446,683 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Federated Hermes by 24.8% during the third 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 in the last quarter. Barclays PLC raised its position in Federated Hermes by 228.6% during the third quarter. Barclays PLC now owns 215,650 shares of the company's stock valued at $7,930,000 after buying an additional 150,017 shares during the period. FMR LLC lifted its stake in Federated Hermes by 2.5% in the 3rd quarter. FMR LLC now owns 5,666,335 shares of the company's stock worth $208,351,000 after acquiring an additional 137,245 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Federated Hermes by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company's stock worth $45,982,000 after acquiring an additional 92,643 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company's stock.

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Insider Buying and Selling

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company's stock.

Federated Hermes Stock Down 0.7 %

Shares of FHI traded down $0.28 during mid-day trading on Thursday, hitting $41.23. 703,283 shares of the company's stock were exchanged, compared to its average volume of 662,703. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 1.00 and a beta of 1.10. The firm has a fifty day moving average of $38.83 and a two-hundred day moving average of $39.28. 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, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92.

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

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Friday, February 7th. Federated Hermes's payout ratio is 38.87%.

Wall Street Analysts Forecast Growth

FHI has been the topic of a number of research reports. Evercore ISI set a $44.00 target price on Federated Hermes in a report on Monday, February 3rd. UBS Group boosted their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada lowered their price target on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.17.

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.