Country Club Bank Cuts Stake in Federated Hermes, Inc. (NYSE:FHI)

Country Club Bank reduced its stake in Federated Hermes, Inc. (NYSE:FHI) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,325 shares of the company’s stock after selling 27,988 shares during the period. Country Club Bank owned approximately 0.22% of Federated Hermes worth $7,258,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in Federated Hermes by 2.5% in the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock valued at $208,351,000 after acquiring an additional 137,245 shares during the period. Geode Capital Management LLC lifted its holdings in Federated Hermes by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock valued at $45,982,000 after acquiring an additional 92,643 shares during the period. Two Sigma Advisers LP lifted its holdings in Federated Hermes by 13.1% in the third quarter. Two Sigma Advisers LP now owns 787,400 shares of the company’s stock valued at $28,953,000 after acquiring an additional 90,900 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Federated Hermes by 24.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock valued at $28,282,000 after acquiring an additional 152,926 shares during the period. Finally, Algert Global LLC lifted its holdings in Federated Hermes by 1.0% in the third quarter. Algert Global LLC now owns 353,242 shares of the company’s stock valued at $12,989,000 after acquiring an additional 3,440 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FHI shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Evercore ISI raised their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada decreased their price objective on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 28th. Finally, TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.17.

Federated Hermes Stock Performance

NYSE:FHI opened at $39.72 on Wednesday. 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 has a 50-day moving average price of $40.57 and a 200 day moving average price of $38.06. The stock has a market capitalization of $3.25 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.47 and a beta of 1.16.

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 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%. Equities research analysts forecast that Federated Hermes, Inc. will post 4.14 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, February 7th. Federated Hermes’s dividend payout ratio is currently 38.87%.

Insider Buying and Selling

In other Federated Hermes news, VP Paul A. Uhlman sold 6,311 shares of the firm’s stock in a transaction that occurred on 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 owns 310,767 shares in the company, valued at $12,862,646.13. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard A. Novak sold 1,363 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total value of $56,523.61. Following the transaction, the insider now owns 53,837 shares of the company’s stock, valued at $2,232,620.39. This represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,128 shares of company stock worth $502,042. 3.70% of the stock is owned by corporate insiders.

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.