Federated Hermes, Inc. (NYSE:FHI) Stake Lessened by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 94,742 shares of the company’s stock after selling 870 shares during the quarter. Retirement Systems of Alabama’s holdings in Federated Hermes were worth $3,895,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC bought a new stake in shares of Federated Hermes in the 4th quarter worth $829,000. GAMMA Investing LLC raised its position in Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after acquiring an additional 349 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Federated Hermes by 24.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock valued at $28,282,000 after purchasing an additional 152,926 shares in the last quarter. Fortis Advisors LLC acquired a new position in shares of Federated Hermes in the 4th quarter worth approximately $727,000. Finally, Barclays PLC raised its holdings in shares of Federated Hermes by 228.6% in the 3rd quarter. Barclays PLC now owns 215,650 shares of the company’s stock worth $7,930,000 after purchasing an additional 150,017 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. UBS Group lifted their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI lifted their target price on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $46.00 in a report on Monday, October 28th. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $42.00.

Insider Transactions at Federated Hermes

In other news, VP Paul A. Uhlman sold 6,311 shares of the company’s stock in a transaction dated 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 sale, the vice president now owns 310,767 shares in the company, valued at approximately $12,862,646.13. This represents a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’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 transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,674 shares of company stock valued at $717,283. 3.70% of the stock is owned by insiders.

Federated Hermes Stock Down 1.1 %

NYSE:FHI opened at $38.33 on Tuesday. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.02 and a beta of 1.16. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The business’s fifty day moving average price is $40.35 and its 200 day moving average price is $38.15.

Federated Hermes (NYSE:FHI) last posted its quarterly 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 net margin of 16.44% and a return on equity of 30.31%. On average, sell-side analysts forecast that Federated Hermes, Inc. will post 4.09 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Friday, February 7th. Federated Hermes’s dividend payout ratio is currently 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.