Royce & Associates LP Sells 837 Shares of Federated Hermes, Inc. (NYSE:FHI)

Royce & Associates LP trimmed its holdings in Federated Hermes, Inc. (NYSE:FHI) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 390,395 shares of the company’s stock after selling 837 shares during the quarter. Royce & Associates LP’s holdings in Federated Hermes were worth $16,049,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FHI. Allspring Global Investments Holdings LLC bought a new position in shares of Federated Hermes in the fourth quarter worth about $292,000. Inspire Investing LLC bought a new position in Federated Hermes in the 4th quarter worth approximately $829,000. Sanctuary Advisors LLC lifted its holdings in Federated Hermes by 78.5% during the 4th quarter. Sanctuary Advisors LLC now owns 23,046 shares of the company’s stock worth $916,000 after buying an additional 10,135 shares in the last quarter. 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 buying an additional 152,926 shares during the period. Finally, Fortis Advisors LLC bought a new stake in shares of Federated Hermes during the fourth quarter worth $727,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Trading Up 3.9 %

FHI opened at $39.04 on Monday. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The firm has a market cap of $3.17 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10. 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 firm’s fifty day moving average is $38.64 and its two-hundred day moving average is $38.99.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, topping 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%. Equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.18%. Federated Hermes’s dividend payout ratio is presently 38.87%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FHI. UBS Group raised their price target on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reiterated 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. JPMorgan Chase & Co. restated an “underweight” rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Royal Bank of Canada lowered their target price on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 11th. 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.17.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by company insiders.

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.