Country Club Bank Sells 27,988 Shares of Federated Hermes, Inc. (NYSE:FHI)

Country Club Bank reduced its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 13.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 177,325 shares of the company’s stock after selling 27,988 shares during the quarter. Country Club Bank’s holdings in Federated Hermes were worth $7,258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FHI. GAMMA Investing LLC lifted its stake in shares of Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after acquiring an additional 349 shares during the last quarter. R Squared Ltd bought a new stake in Federated Hermes during the 4th quarter valued at $43,000. Sound Income Strategies LLC bought a new stake in Federated Hermes during the 4th quarter valued at $53,000. Neo Ivy Capital Management bought a new stake in Federated Hermes during the 3rd quarter valued at $60,000. Finally, CWM LLC raised its position in Federated Hermes by 74.7% during the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock valued at $93,000 after purchasing an additional 1,079 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FHI has been the subject of a number of research analyst reports. UBS Group lifted 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. Royal Bank of Canada decreased their target price on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $42.00 price target (down from $49.00) on shares of Federated Hermes in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.17.

Insider Transactions at Federated Hermes

In other news, VP Paul A. Uhlman sold 6,311 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total value of $261,212.29. Following the sale, the vice president now owns 310,767 shares in the company, valued at $12,862,646.13. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard A. Novak sold 1,363 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total value of $56,523.61. Following the completion of the sale, the insider now owns 53,837 shares in the company, valued at $2,232,620.39. The trade was a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,128 shares of company stock worth $502,042 over the last quarter. 3.70% of the stock is currently owned by insiders.

Federated Hermes Stock Up 0.9 %

Shares of FHI stock opened at $39.72 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The stock’s fifty day moving average price is $40.57 and its 200 day moving average price is $38.06. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share 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 expect that Federated Hermes, Inc. will post 4.14 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

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

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.