Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 156,217 shares of the company’s stock after selling 1,100 shares during the quarter. Swiss National Bank’s holdings in Federated Hermes were worth $5,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after acquiring an additional 349 shares in the last quarter. Mather Group LLC. bought a new position in Federated Hermes during the 2nd quarter worth $47,000. UMB Bank n.a. grew its stake in Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after buying an additional 296 shares during the last quarter. CWM LLC grew its stake in Federated Hermes by 985.7% during the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after buying an additional 1,311 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in Federated Hermes by 134.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock worth $64,000 after buying an additional 1,117 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on FHI shares. Evercore ISI upped their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Federated Hermes has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Federated Hermes Stock Performance

NYSE:FHI opened at $42.86 on Thursday. Federated Hermes, Inc. has a 1 year low of $31.08 and a 1 year high of $43.23. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.19 and a beta of 1.15. The business has a fifty day moving average of $39.11 and a 200-day moving average of $35.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75.

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

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.89%. Federated Hermes’s dividend payout ratio (DPR) is 39.87%.

Insider Activity

In other news, insider Richard A. Novak sold 1,363 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total transaction of $56,523.61. Following the completion of the sale, the insider now directly owns 53,837 shares of the company’s stock, valued at $2,232,620.39. This represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Saker Anwar Nusseibeh sold 4,454 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.38, for a total value of $184,306.52. Following the sale, the chief executive officer now directly owns 184,642 shares of the company’s stock, valued at approximately $7,640,485.96. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,280 shares of company stock worth $1,185,871 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

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.