Federated Hermes, Inc. (NYSE:FHI) Stock Holdings Lessened by Hourglass Capital LLC

Hourglass Capital LLC decreased its position in Federated Hermes, Inc. (NYSE:FHI) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 184,410 shares of the company’s stock after selling 9,890 shares during the period. Federated Hermes comprises about 2.1% of Hourglass Capital LLC’s investment portfolio, making the stock its 15th biggest holding. Hourglass Capital LLC owned 0.23% of Federated Hermes worth $7,581,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Federated Hermes in the fourth quarter worth $43,000. Sound Income Strategies LLC acquired a new position in Federated Hermes in the fourth quarter worth about $53,000. Neo Ivy Capital Management acquired a new stake in Federated Hermes in the 3rd quarter valued at $60,000. GAMMA Investing LLC grew its holdings in shares of Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after purchasing an additional 646 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Federated Hermes by 74.7% during the third quarter. CWM LLC now owns 2,523 shares of the company’s stock worth $93,000 after buying an additional 1,079 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Stock Performance

NYSE:FHI opened at $38.62 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The company has a market capitalization of $3.16 billion, a PE ratio of 12.11, a P/E/G ratio of 1.02 and a beta of 1.16. The company has a 50 day simple moving average of $39.90 and a two-hundred day simple moving average of $38.25. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. Research analysts anticipate that Federated Hermes, Inc. will post 4.09 earnings per share for the current year.

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is presently 38.87%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FHI. Evercore ISI raised their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. 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, February 3rd. Finally, TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Insider Transactions at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the sale, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of Federated Hermes stock in a transaction that occurred on 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 transaction, the insider now directly owns 53,837 shares in the company, valued at $2,232,620.39. This trade represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,674 shares of company stock valued at $717,283 over the last three months. 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.