Blue Trust Inc. Sells 4,564 Shares of Federated Hermes, Inc. (NYSE:FHI)

Blue Trust Inc. decreased its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 48.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,861 shares of the company’s stock after selling 4,564 shares during the period. Blue Trust Inc.’s holdings in Federated Hermes were worth $200,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its stake in Federated Hermes by 3.1% during the third quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock valued at $336,000 after buying an additional 275 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Federated Hermes by 2.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock valued at $612,000 after buying an additional 340 shares during the period. MBM Wealth Consultants LLC boosted its stake in Federated Hermes by 6.8% during the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock valued at $306,000 after buying an additional 474 shares during the period. Exchange Traded Concepts LLC raised its position in Federated Hermes by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company’s stock valued at $914,000 after purchasing an additional 560 shares in the last quarter. Finally, GAMMA Investing LLC raised 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 in the last quarter. Institutional investors own 75.94% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on FHI. JPMorgan Chase & Co. restated an “underweight” rating and set a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $46.00 in a research report on Monday, October 28th. Evercore ISI lifted their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group lifted their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. 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. Based on data from MarketBeat.com, Federated Hermes presently has a consensus rating of “Hold” and an average price target of $42.00.

Federated Hermes Stock Performance

Federated Hermes stock opened at $38.54 on Thursday. The stock’s 50 day simple moving average is $39.67 and its two-hundred day simple moving average is $38.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.00 and a beta of 1.16. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92.

Federated Hermes (NYSE:FHI) last issued its quarterly 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 return on equity of 30.31% and a net margin of 16.44%. As a group, analysts expect that Federated Hermes, Inc. will post 4.09 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.22%. Federated Hermes’s dividend payout ratio is currently 38.87%.

Insider Transactions at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’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 transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.