MFA Wealth Advisors LLC Cuts Stock Holdings in Federated Hermes, Inc. (NYSE:FHI)

MFA Wealth Advisors LLC lessened its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 98.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,550 shares of the company’s stock after selling 1,604,551 shares during the quarter. MFA Wealth Advisors LLC’s holdings in Federated Hermes were worth $968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of 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 purchasing an additional 152,926 shares in the last quarter. Barclays PLC raised its holdings in shares of Federated Hermes by 228.6% during the 3rd quarter. Barclays PLC now owns 215,650 shares of the company’s stock worth $7,930,000 after acquiring an additional 150,017 shares during the period. FMR LLC increased its position in Federated Hermes by 2.5% during the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock worth $208,351,000 after purchasing an additional 137,245 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Federated Hermes by 387.6% during the 3rd quarter. Victory Capital Management Inc. now owns 159,561 shares of the company’s stock worth $5,867,000 after purchasing an additional 126,840 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Federated Hermes by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock worth $45,982,000 after purchasing an additional 92,643 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 4,454 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.38, for a total value of $184,306.52. Following the transaction, the chief executive officer now owns 184,642 shares in the company, valued at $7,640,485.96. The trade was a 2.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard A. Novak sold 1,363 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total value of $56,523.61. Following the sale, the insider now owns 53,837 shares of the company’s stock, valued at $2,232,620.39. This represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,128 shares of company stock worth $502,042. 3.70% of the stock is currently owned by corporate insiders.

Federated Hermes Trading Down 1.7 %

NYSE FHI opened at $38.79 on Monday. The company has a 50-day moving average of $40.35 and a 200-day moving average of $38.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The company has a market cap of $3.17 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.02 and a beta of 1.16.

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 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%. As a group, equities analysts predict that Federated Hermes, Inc. will post 4.09 earnings per share for the current year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.20%. Federated Hermes’s payout ratio is 38.87%.

Analyst Upgrades and Downgrades

FHI has been the topic of a number of recent research reports. Evercore ISI upped their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Royal Bank of Canada dropped their price objective on 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, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.00.

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.