EntryPoint Capital LLC Has $495,000 Stock Holdings in Federated Hermes, Inc. (NYSE:FHI)

EntryPoint Capital LLC increased its stake in Federated Hermes, Inc. (NYSE:FHI) by 73.8% during the fourth quarter, HoldingsChannel reports. The firm owned 12,036 shares of the company’s stock after acquiring an additional 5,109 shares during the period. EntryPoint Capital LLC’s holdings in Federated Hermes were worth $495,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FHI. Bank of New York Mellon Corp boosted its stake in Federated Hermes by 53.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company’s stock worth $52,493,000 after purchasing an additional 446,683 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 purchasing an additional 152,926 shares in the last quarter. Barclays PLC boosted its position in shares of Federated Hermes by 228.6% in the third quarter. Barclays PLC now owns 215,650 shares of the company’s stock worth $7,930,000 after buying an additional 150,017 shares during the period. FMR LLC grew its holdings in shares of Federated Hermes by 2.5% during the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock valued at $208,351,000 after buying an additional 137,245 shares in the last quarter. Finally, Sei Investments Co. raised its position in Federated Hermes by 776.6% during the fourth quarter. Sei Investments Co. now owns 112,018 shares of the company’s stock valued at $4,605,000 after buying an additional 99,240 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s 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 of the company’s stock, valued at $6,950,715.76. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Federated Hermes Stock Performance

Shares of FHI opened at $41.19 on Wednesday. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10. The company’s fifty day moving average is $38.77 and its 200-day moving average is $39.26. The company has a quick ratio of 2.03, a current ratio of 2.70 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.

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

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.01%. Federated Hermes’s dividend payout ratio (DPR) is currently 38.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FHI shares. StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 21st. 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 report on Wednesday, January 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Royal Bank of Canada lowered 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 report on Tuesday, January 28th. Finally, Evercore ISI set a $44.00 price objective on Federated Hermes in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.17.

Federated Hermes Company 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.