Federated Hermes, Inc. (NYSE:FHI) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its position in Federated Hermes, Inc. (NYSE:FHI) by 78.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,046 shares of the company’s stock after buying an additional 10,135 shares during the period. Sanctuary Advisors LLC’s holdings in Federated Hermes were worth $916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FHI. R Squared Ltd acquired a new stake in Federated Hermes in the fourth quarter valued at $43,000. Sound Income Strategies LLC purchased a new stake in shares of Federated Hermes in the 4th quarter worth about $53,000. Neo Ivy Capital Management acquired a new stake in Federated Hermes in the 3rd quarter valued at about $60,000. GAMMA Investing LLC increased its holdings in Federated Hermes by 60.9% during 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Federated Hermes during the third quarter worth about $113,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 completion of the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at $6,950,715.76. This represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.70% of the company’s stock.

Federated Hermes Trading Down 0.0 %

Shares of FHI opened at $38.13 on Friday. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The stock has a fifty day moving average of $39.22 and a two-hundred day moving average of $38.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The company has a market capitalization of $3.12 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.00 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating 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%. As a group, analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued 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 3.25%. Federated Hermes’s payout ratio is currently 38.87%.

Analysts Set New Price Targets

Several analysts have issued reports on FHI shares. UBS Group upped their price target on shares of 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 target price on Federated Hermes in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their price objective on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.17.

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.