5,359 Shares in Federated Hermes, Inc. (NYSE:FHI) Acquired by Trust Investment Advisors

Trust Investment Advisors acquired a new position in shares of Federated Hermes, Inc. (NYSE:FHI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,359 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds have also recently bought and sold shares of FHI. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Federated Hermes by 6.8% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 198,401 shares of the company’s stock valued at $8,156,000 after acquiring an additional 12,585 shares during the last quarter. EntryPoint Capital LLC lifted its position in Federated Hermes by 73.8% during the 4th quarter. EntryPoint Capital LLC now owns 12,036 shares of the company’s stock valued at $495,000 after purchasing an additional 5,109 shares during the period. Prudential Financial Inc. bought a new position in shares of Federated Hermes in the 4th quarter valued at about $414,000. LPL Financial LLC grew its position in shares of Federated Hermes by 24.5% during the 4th quarter. LPL Financial LLC now owns 19,301 shares of the company’s stock worth $793,000 after buying an additional 3,792 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Federated Hermes during the fourth quarter worth approximately $1,739,000. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Price Performance

Shares of FHI opened at $41.19 on Wednesday. The stock has a 50 day simple moving average of $38.77 and a 200 day simple moving average of $39.26. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92. 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 firm has a market capitalization of $3.35 billion, a PE ratio of 12.91, a P/E/G ratio of 1.00 and a beta of 1.10.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently announced 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 3.01%. The ex-dividend date was Friday, February 7th. Federated Hermes’s payout ratio is 38.87%.

Insiders Place Their Bets

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FHI. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 21st. UBS Group increased their target price on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada decreased their target price on 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. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.17.

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.