Federated Hermes, Inc. (NYSE:FHI) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 3.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 437,212 shares of the company’s stock after selling 13,313 shares during the period. HighTower Advisors LLC’s holdings in Federated Hermes were worth $17,974,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in Federated Hermes by 2.5% during the 3rd quarter. FMR LLC now owns 5,666,335 shares of the company’s stock worth $208,351,000 after buying an additional 137,245 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Federated Hermes by 53.8% in 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of Federated Hermes by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock valued at $45,982,000 after purchasing an additional 92,643 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock valued at $37,618,000 after purchasing an additional 145,878 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Federated Hermes by 13.1% in the 3rd quarter. Two Sigma Advisers LP now owns 787,400 shares of the company’s stock valued at $28,953,000 after purchasing an additional 90,900 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction 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 directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. The trade was 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. 3.70% of the stock is currently owned by company insiders.

Federated Hermes Trading Up 3.9 %

NYSE FHI opened at $39.04 on Friday. 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 firm’s fifty day moving average price is $38.64 and its 200 day moving average price is $38.95. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating 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%. On average, sell-side analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid 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 3.18%. Federated Hermes’s dividend payout ratio is presently 38.87%.

Analyst Upgrades and Downgrades

FHI has been the topic of a number of analyst reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 11th. Evercore ISI set a $44.00 price objective on shares of Federated Hermes in a report on Monday, February 3rd. Finally, UBS Group increased their target price 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.17.

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.