Federated Hermes, Inc. (NYSE:FHI) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in Federated Hermes, Inc. (NYSE:FHI) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,886 shares of the company’s stock after selling 260 shares during the period. State of Alaska Department of Revenue’s holdings in Federated Hermes were worth $365,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CWM LLC increased its stake in shares of Federated Hermes by 74.7% during 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. Blue Trust Inc. increased its stake in Federated Hermes by 80.1% during the third quarter. Blue Trust Inc. now owns 9,425 shares of the company’s stock worth $347,000 after acquiring an additional 4,193 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Federated Hermes in the 3rd quarter worth about $261,000. International Assets Investment Management LLC acquired a new position in shares of Federated Hermes during the 3rd quarter valued at $8,000,000. Finally, James Investment Research Inc. raised its holdings in shares of Federated Hermes by 9.7% during the 3rd quarter. James Investment Research Inc. now owns 7,896 shares of the company’s stock valued at $290,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insiders Place Their Bets

In other news, VP Paul A. Uhlman sold 6,311 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total transaction of $261,212.29. Following the completion of the transaction, the vice president now directly owns 310,767 shares of the company’s stock, valued at approximately $12,862,646.13. This represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the sale, the chief executive officer now owns 179,096 shares in the company, valued at $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,674 shares of company stock valued at $717,283. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FHI shares. 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $43.00 price target (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. UBS Group boosted their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. restated an “underweight” rating and set a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $42.00.

Federated Hermes Stock Up 0.6 %

NYSE:FHI opened at $38.62 on Friday. The stock has a 50-day simple moving average of $39.90 and a 200 day simple moving average of $38.22. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.02 and a beta of 1.16. 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 the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. Sell-side analysts predict that Federated Hermes, Inc. will post 4.09 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.21%. 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.