Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,361 shares of the company's stock after selling 8,515 shares during the period. Y Intercept Hong Kong Ltd's holdings in Federated Hermes were worth $673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in FHI. R Squared Ltd bought a new stake in Federated Hermes in the fourth quarter worth about $43,000. Sound Income Strategies LLC bought a new stake in Federated Hermes in the fourth quarter worth about $53,000. Neo Ivy Capital Management bought a new stake in Federated Hermes in the third quarter worth about $60,000. GAMMA Investing LLC increased 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 period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Federated Hermes during the third quarter worth approximately $113,000. Institutional investors own 75.94% of the company's stock.

Analyst Upgrades and Downgrades

FHI has been the topic of a number of research reports. Royal Bank of Canada reduced their target price on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 28th. UBS Group raised their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. StockNews.com lowered shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Federated Hermes has an average rating of "Hold" and an average target price of $42.17.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's 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 completion of the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by insiders.

Federated Hermes Stock Down 0.4 %

FHI stock traded down $0.15 during trading on Monday, hitting $38.60. 615,865 shares of the company's stock traded hands, compared to its average volume of 704,242. The firm has a market capitalization of $3.16 billion, a P/E ratio of 12.10, a PEG ratio of 1.00 and a beta of 1.16. The business has a fifty day simple moving average of $39.13 and a two-hundred day simple moving average of $38.69. 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 1 year low of $31.24 and a 1 year high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes's payout ratio is 38.87%.

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.