Janney Montgomery Scott LLC Sells 1,100 Shares of Federated Hermes, Inc. (NYSE:FHI)

Janney Montgomery Scott LLC lessened its position in Federated Hermes, Inc. (NYSE:FHI) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,619 shares of the company’s stock after selling 1,100 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Federated Hermes worth $1,917,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. MBM Wealth Consultants LLC boosted its stake in shares of Federated Hermes by 6.8% during the 4th quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock worth $306,000 after buying an additional 474 shares during the last quarter. Fortis Advisors LLC acquired a new position in Federated Hermes during the fourth quarter valued at approximately $727,000. GAMMA Investing LLC boosted its position in Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock valued at $70,000 after purchasing an additional 646 shares during the last quarter. DGS Capital Management LLC grew its stake in Federated Hermes by 4.7% in the third quarter. DGS Capital Management LLC now owns 20,715 shares of the company’s stock valued at $762,000 after purchasing an additional 931 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Federated Hermes during the 3rd quarter worth approximately $113,000. Institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

FHI has been the subject of several analyst reports. Evercore ISI raised their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $46.00 in a report on Monday, October 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $42.00 price target (down previously from $49.00) on shares of Federated Hermes in a report on Tuesday, January 7th. Finally, UBS Group upped their price objective on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.17.

Federated Hermes Trading Up 0.1 %

Shares of FHI stock opened at $39.77 on Monday. Federated Hermes, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92. The company has a market capitalization of $3.25 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. The firm has a 50 day moving average price of $40.70 and a two-hundred day moving average price of $37.97. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. As a group, analysts predict that Federated Hermes, Inc. will post 3.87 earnings per share for the current year.

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, February 7th. Federated Hermes’s dividend payout ratio is currently 39.87%.

Insiders Place Their Bets

In other news, insider Richard A. Novak sold 1,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total transaction of $56,523.61. Following the completion of the sale, the insider now owns 53,837 shares of the company’s stock, valued at approximately $2,232,620.39. This represents a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 4,454 shares of Federated Hermes stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.38, for a total transaction of $184,306.52. Following the completion of the transaction, the chief executive officer now directly owns 184,642 shares in the company, valued at $7,640,485.96. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,128 shares of company stock worth $502,042 in the last quarter. Corporate insiders own 3.70% of the company’s stock.

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.