City State Bank Sells 272 Shares of Federated Hermes, Inc. (NYSE:FHI)

City State Bank lowered its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 16.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,361 shares of the company’s stock after selling 272 shares during the period. City State Bank’s holdings in Federated Hermes were worth $56,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings 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 purchasing an additional 349 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Federated Hermes in the 3rd quarter worth $60,000. Headlands Technologies LLC grew its holdings in Federated Hermes by 134.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock worth $64,000 after acquiring an additional 1,117 shares during the last quarter. CWM LLC grew its holdings in Federated Hermes by 74.7% in the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock worth $93,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Federated Hermes in the 3rd quarter worth $113,000. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Trading Down 1.1 %

Shares of FHI opened at $37.90 on Tuesday. The firm’s 50-day moving average price is $41.55 and its 200-day moving average price is $37.46. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.19 and a beta of 1.16. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92.

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

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.27%. Federated Hermes’s dividend payout ratio (DPR) is currently 39.87%.

Analysts Set New Price Targets

FHI has been the topic of a number of recent analyst reports. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $46.00 in a report on Monday, October 28th. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $42.00 price target (down previously from $49.00) on shares of Federated Hermes in a report on Tuesday, January 7th. Evercore ISI raised their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, 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 research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $42.17.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the transaction, the vice president now directly owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. The trade was a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul A. Uhlman sold 6,311 shares of Federated Hermes 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 transaction, the vice president now directly owns 310,767 shares of the company’s stock, valued at $12,862,646.13. This trade represents a 1.99 % 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 valued at $1,185,871 in the last three months. Company insiders own 3.70% of the company’s stock.

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.