Swiss National Bank Has $6.34 Million Holdings in Federated Hermes, Inc. (NYSE:FHI)

Swiss National Bank decreased its stake in Federated Hermes, Inc. (NYSE:FHI) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,317 shares of the company’s stock after selling 1,900 shares during the quarter. Swiss National Bank owned approximately 0.19% of Federated Hermes worth $6,344,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Federated Hermes in the 4th quarter valued at $43,000. Sound Income Strategies LLC acquired a new position in Federated Hermes in the fourth quarter valued at about $53,000. Neo Ivy Capital Management bought a new stake in Federated Hermes during the third quarter worth about $60,000. GAMMA Investing LLC increased its holdings in shares of Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after buying an additional 646 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Federated Hermes by 112.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company’s stock valued at $109,000 after acquiring an additional 1,400 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FHI. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $41.00 price target (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. UBS Group lifted their price target on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Evercore ISI set a $44.00 price objective on shares of Federated Hermes in a report on Monday, February 3rd. Royal Bank of Canada lowered their price objective on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.17.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.

Federated Hermes Stock Down 0.6 %

Shares of NYSE:FHI opened at $39.54 on Monday. The company has a 50 day moving average of $38.66 and a 200-day moving average of $39.17. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 1.00 and a beta of 1.10. 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 released 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%. On average, sell-side analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.14%. The ex-dividend date was Friday, February 7th. Federated Hermes’s payout ratio is 38.87%.

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.