Trust Investment Advisors Makes New Investment in Federated Hermes, Inc. (NYSE:FHI)

Trust Investment Advisors acquired a new stake in Federated Hermes, Inc. (NYSE:FHI) in the 4th quarter, HoldingsChannel reports. The fund acquired 5,359 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Federated Hermes in the fourth quarter valued at $292,000. Inspire Investing LLC bought a new stake in shares of Federated Hermes in the 4th quarter valued at about $829,000. Charles Schwab Investment Management Inc. lifted its stake in Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock valued at $37,618,000 after purchasing an additional 145,878 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Federated Hermes by 78.5% during the fourth quarter. Sanctuary Advisors LLC now owns 23,046 shares of the company’s stock worth $916,000 after purchasing an additional 10,135 shares during the period. Finally, Fortis Advisors LLC acquired a new position in Federated Hermes during the fourth quarter worth approximately $727,000. 75.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FHI has been the subject of several research analyst reports. UBS Group lifted their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. 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. Evercore ISI set a $44.00 price objective on shares of Federated Hermes in a research report on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Finally, 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. 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, the company has a consensus rating of “Hold” and an average target price of $42.17.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by company insiders.

Federated Hermes Price Performance

Shares of Federated Hermes stock opened at $41.19 on Wednesday. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The stock has a market capitalization 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. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a 50-day simple moving average of $38.77 and a two-hundred day simple moving average of $39.26.

Federated Hermes (NYSE:FHI) last issued 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%. Analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

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

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.