Yousif Capital Management LLC Sells 1,396 Shares of Federated Hermes, Inc. (NYSE:FHI)

Yousif Capital Management LLC lessened its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,599 shares of the company’s stock after selling 1,396 shares during the period. Yousif Capital Management LLC’s holdings in Federated Hermes were worth $1,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after acquiring an additional 349 shares during the last quarter. CWM LLC lifted its holdings in shares of Federated Hermes by 74.7% in the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock valued at $93,000 after acquiring an additional 1,079 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Federated Hermes by 19.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 21,680 shares of the company’s stock valued at $797,000 after acquiring an additional 3,462 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Federated Hermes by 80.1% in the 3rd quarter. Blue Trust Inc. now owns 9,425 shares of the company’s stock valued at $347,000 after acquiring an additional 4,193 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new position in shares of Federated Hermes in the 3rd quarter valued at about $261,000. Institutional investors own 75.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on FHI shares. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reduced their price objective 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. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Finally, Evercore ISI increased their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Federated Hermes currently has an average rating of “Hold” and an average target price of $42.00.

Insider Activity at Federated Hermes

In related news, insider Richard A. Novak sold 1,363 shares of Federated Hermes 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 transaction, the insider now directly owns 53,837 shares of the company’s stock, valued at $2,232,620.39. This trade represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the chief executive officer now directly owns 184,642 shares in the company, valued at approximately $7,640,485.96. The trade was 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 17,674 shares of company stock valued at $717,283 over the last ninety days. 3.70% of the stock is owned by company insiders.

Federated Hermes Stock Performance

Shares of NYSE:FHI opened at $38.62 on Friday. The firm has a market cap of $3.16 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.02 and a beta of 1.16. The firm’s 50 day simple moving average is $39.99 and its 200-day simple moving average is $38.19. 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 quick ratio of 2.03 and a current ratio of 2.70.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, topping 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%. As a group, equities analysts predict that Federated Hermes, Inc. will post 4.09 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 Company 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.