Swiss National Bank Sells 1,900 Shares of Federated Hermes, Inc. (NYSE:FHI)

Swiss National Bank reduced its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 1.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 154,317 shares of the company’s stock after selling 1,900 shares during the period. Swiss National Bank’s holdings in Federated Hermes were worth $6,344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Federated Hermes in the fourth quarter valued at about $43,000. Sound Income Strategies LLC acquired a new position in shares of Federated Hermes during the 4th quarter worth approximately $53,000. Neo Ivy Capital Management bought a new stake in shares of Federated Hermes during the 3rd quarter worth approximately $60,000. GAMMA Investing LLC boosted its holdings in shares of Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock valued at $70,000 after buying an additional 646 shares during the last quarter. Finally, Jones Financial Companies Lllp grew 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 buying an additional 1,400 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $38.81, for a total value 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 approximately $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.70% of the company’s stock.

Federated Hermes Price Performance

Federated Hermes stock opened at $39.54 on Monday. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.00 and a beta of 1.10. The company has a current ratio of 2.70, a quick ratio of 2.03 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 stock’s 50 day moving average is $38.66 and its 200-day moving average is $39.17.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. Equities research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is 38.87%.

Wall Street Analyst Weigh In

Several research firms have issued reports on FHI. Royal Bank of Canada dropped their price target on shares of 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. UBS Group raised their price objective on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Evercore ISI set a $44.00 target price on Federated Hermes in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.17.

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.