KBC Group NV Buys 1,567 Shares of Federated Hermes, Inc. (NYSE:FHI)

KBC Group NV lifted its stake in Federated Hermes, Inc. (NYSE:FHI) by 87.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,351 shares of the company’s stock after buying an additional 1,567 shares during the quarter. KBC Group NV’s holdings in Federated Hermes were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FHI. State of Alaska Department of Revenue increased its stake in Federated Hermes by 3.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock worth $336,000 after buying an additional 275 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Federated Hermes by 2.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock worth $612,000 after acquiring an additional 340 shares during the period. GAMMA Investing LLC grew its position in shares of Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after purchasing an additional 349 shares in the last quarter. MBM Wealth Consultants LLC raised its stake in Federated Hermes by 6.8% during the 4th quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock valued at $306,000 after purchasing an additional 474 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in Federated Hermes by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company’s stock worth $914,000 after purchasing an additional 560 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Price Performance

Shares of FHI stock opened at $39.42 on Friday. The company has a market capitalization of $3.23 billion, a P/E ratio of 12.36, a P/E/G ratio of 1.47 and a beta of 1.16. The company’s 50-day simple moving average is $40.50 and its two-hundred day simple moving average is $38.07. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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, equities analysts anticipate that Federated Hermes, Inc. will post 4.14 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.15%. Federated Hermes’s dividend payout ratio is currently 38.87%.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 6,311 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total transaction of $261,212.29. Following the sale, the vice president now owns 310,767 shares of the company’s stock, valued at approximately $12,862,646.13. This trade represents a 1.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total value of $56,523.61. Following the completion of the transaction, the insider now directly owns 53,837 shares of the company’s stock, valued at approximately $2,232,620.39. The trade was a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,128 shares of company stock worth $502,042 over the last three months. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FHI has been the subject of a number of research reports. 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 research note on Wednesday, January 8th. 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 report on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday. UBS Group lifted their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, TD Cowen upgraded 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 research report on Monday, October 28th. One equities research 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 MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.00.

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.