Royce & Associates LP Sells 837 Shares of Federated Hermes, Inc. (NYSE:FHI)

Royce & Associates LP reduced its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,395 shares of the company’s stock after selling 837 shares during the period. Royce & Associates LP owned 0.48% of Federated Hermes worth $16,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Federated Hermes by 2.5% in the 3rd 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of Federated Hermes by 53.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company’s stock valued at $52,493,000 after purchasing an additional 446,683 shares during the period. Geode Capital Management LLC lifted its stake in shares of Federated Hermes by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock worth $45,982,000 after buying an additional 92,643 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Federated Hermes by 19.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock worth $37,618,000 after buying an additional 145,878 shares during the period. Finally, Two Sigma Advisers LP grew its stake in Federated Hermes by 13.1% in the 3rd quarter. Two Sigma Advisers LP now owns 787,400 shares of the company’s stock valued at $28,953,000 after buying an additional 90,900 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Stock Performance

Shares of NYSE FHI opened at $39.04 on Monday. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.00 and a beta of 1.10. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The business has a fifty day simple moving average of $38.64 and a 200 day simple moving average of $38.99. 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 (NYSE:FHI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a report on Tuesday, January 28th. UBS Group raised their target price on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Evercore ISI set a $44.00 price target on Federated Hermes in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Federated Hermes has a consensus rating of “Hold” and an average price target of $42.17.

Insider Buying and Selling at Federated Hermes

In other 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 value of $215,240.26. Following the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.