Moran Wealth Management LLC Increases Stock Holdings in Federated Hermes, Inc. (NYSE:FHI)

Moran Wealth Management LLC boosted its stake in Federated Hermes, Inc. (NYSE:FHI) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,427 shares of the company’s stock after acquiring an additional 1,870 shares during the quarter. Moran Wealth Management LLC’s holdings in Federated Hermes were worth $2,977,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Federated Hermes during the fourth quarter worth $292,000. Inspire Investing LLC acquired a new position in Federated Hermes in the 4th quarter worth $829,000. Sanctuary Advisors LLC lifted its holdings in Federated Hermes by 78.5% in the 4th quarter. Sanctuary Advisors LLC now owns 23,046 shares of the company’s stock worth $916,000 after buying an additional 10,135 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Federated Hermes by 24.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock valued at $28,282,000 after buying an additional 152,926 shares during the last quarter. Finally, Fortis Advisors LLC acquired a new stake in shares of Federated Hermes during the fourth quarter valued at about $727,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 179,096 shares in the company, valued at $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.70% of the company’s stock.

Federated Hermes Stock Up 0.6 %

Federated Hermes stock opened at $38.96 on Wednesday. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month 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 cap of $3.17 billion, a PE ratio of 12.21, a P/E/G ratio of 1.00 and a beta of 1.10. The firm’s 50 day moving average price is $38.82 and its two-hundred day moving average price is $38.90.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.18%. Federated Hermes’s payout ratio is currently 38.87%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Royal Bank of Canada cut their price target 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. UBS Group upped their target price on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI set a $44.00 price target on shares of Federated Hermes in a research report on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Finally, StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.