Federated Hermes, Inc. (NYSE:FHI) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 60.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,707 shares of the company’s stock after acquiring an additional 646 shares during the quarter. GAMMA Investing LLC’s holdings in Federated Hermes were worth $70,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in Federated Hermes by 88.3% in the second quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock worth $87,866,000 after purchasing an additional 1,261,097 shares during the period. AXA S.A. bought a new stake in shares of Federated Hermes during the 2nd quarter worth about $6,200,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Federated Hermes by 24.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock worth $28,282,000 after acquiring an additional 152,926 shares during the period. Barclays PLC boosted its holdings in shares of Federated Hermes by 228.6% in the third quarter. Barclays PLC now owns 215,650 shares of the company’s stock valued at $7,930,000 after acquiring an additional 150,017 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Federated Hermes by 102.7% during the second quarter. Bank of Montreal Can now owns 282,995 shares of the company’s stock valued at $9,308,000 after acquiring an additional 143,363 shares during the period. Institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

FHI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $42.00 target price (down from $49.00) on shares of Federated Hermes in a research report on Tuesday, January 7th. StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada lifted their target price on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Evercore ISI upped their price target 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. Finally, UBS Group lifted their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Federated Hermes presently has an average rating of “Hold” and an average price target of $42.17.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total transaction of $199,450.00. Following the transaction, the vice president now owns 77,288 shares of the company’s stock, valued at $3,083,018.32. The trade was a 6.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $7,138,766.56. This trade represents a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,280 shares of company stock valued at $1,185,871 in the last three months. 3.70% of the stock is currently owned by company insiders.

Federated Hermes Trading Down 2.3 %

Shares of NYSE FHI opened at $38.39 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 1.19 and a beta of 1.16. The business has a fifty day simple moving average of $41.59 and a 200-day simple moving average of $37.39.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. The company had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. Sell-side analysts predict that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.23%. The ex-dividend date was Friday, November 8th. Federated Hermes’s payout ratio is 39.87%.

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.