Mutual of America Capital Management LLC Has $1.69 Million Holdings in Federated Hermes, Inc. (NYSE:FHI)

Mutual of America Capital Management LLC decreased its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,160 shares of the company’s stock after selling 1,381 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Federated Hermes worth $1,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Federated Hermes during the 4th quarter worth about $43,000. Sound Income Strategies LLC acquired a new stake in shares of Federated Hermes in the 4th quarter valued at approximately $53,000. Neo Ivy Capital Management bought a new stake in Federated Hermes in the 3rd quarter valued at $60,000. GAMMA Investing LLC raised its stake in Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock valued at $70,000 after acquiring an additional 646 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Federated Hermes in the 3rd quarter valued at $113,000. Institutional investors own 75.94% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at $6,950,715.76. This represents a 3.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

Federated Hermes Price Performance

Federated Hermes stock opened at $38.84 on Friday. The firm has a market cap of $3.18 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.00 and a beta of 1.10. The stock’s 50 day moving average is $38.91 and its 200 day moving average is $38.79. 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, Inc. has a one year low of $31.24 and a one year high of $43.92.

Federated Hermes (NYSE:FHI) last issued 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 30.31% and a net margin of 16.44%. As a group, research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.31 per share. The ex-dividend date was Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.19%. Federated Hermes’s payout ratio is 38.87%.

Analyst Ratings Changes

Several research firms have weighed in on FHI. UBS Group increased their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. StockNews.com raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Royal Bank of Canada cut their price target on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.17.

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.