Harvest Fund Management Co. Ltd Buys Shares of 7,725 Federated Hermes, Inc. (NYSE:FHI)

Harvest Fund Management Co. Ltd bought a new stake in shares of Federated Hermes, Inc. (NYSE:FHI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,725 shares of the company’s stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. R Squared Ltd bought a new stake in shares of Federated Hermes during the fourth quarter valued at approximately $43,000. Sound Income Strategies LLC bought a new stake in shares of Federated Hermes during the fourth quarter valued at approximately $53,000. Neo Ivy Capital Management bought a new stake in shares of Federated Hermes during the third quarter valued at approximately $60,000. GAMMA Investing LLC increased its position in shares of Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock valued at $70,000 after acquiring an additional 646 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Federated Hermes by 112.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company’s stock valued at $109,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Trading Down 0.6 %

Shares of Federated Hermes stock opened at $39.54 on Friday. The company’s fifty day simple moving average is $38.66 and its 200-day simple moving average is $39.11. The stock has a market capitalization of $3.21 billion, a PE ratio of 12.39, a P/E/G ratio of 1.00 and a beta of 1.10. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. 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 (NYSE:FHI) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping 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 anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Friday, February 7th. Federated Hermes’s dividend payout ratio is presently 38.87%.

Insider Transactions at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction 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 transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

FHI has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their target price 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. Evercore ISI set a $44.00 target price on shares of Federated Hermes in a report on Monday, February 3rd. UBS Group raised their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.17.

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.