9,817 Shares in Federated Hermes, Inc. (NYSE:FHI) Acquired by Prudential Financial Inc.

Prudential Financial Inc. purchased a new stake in shares of Federated Hermes, Inc. ( NYSE:FHI – Free Report ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.

The fund purchased 9,817 shares of the company’s stock, valued at approximately $414,000. A number of other hedge funds have also modified their holdings of FHI. Amalgamated Bank lifted its stake in shares of Federated Hermes by 1.



0% during the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock valued at $1,341,000 after buying an additional 313 shares in the last quarter. MBM Wealth Consultants LLC lifted its position in shares of Federated Hermes by 6.

8% in the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock valued at $306,000 after acquiring an additional 474 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Federated Hermes by 2.

6% in the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company’s stock worth $914,000 after acquiring an additional 560 shares during the period. GAMMA Investing LLC grew 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 worth $70,000 after purchasing an additional 646 shares in the last quarter. Finally, DGS Capital Management LLC raised its stake in Federated Hermes by 4.

7% during the 3rd quarter. DGS Capital Management LLC now owns 20,715 shares of the company’s stock valued at $762,000 after purchasing an additional 931 shares during the period. 75.

94% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades FHI has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $43.

00 price objective (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. 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 research note on Wednesday, February 5th.

UBS Group lifted their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd.

StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 1st. Finally, Royal Bank of Canada reduced their price objective on Federated Hermes from $42.

00 to $39.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock.

According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $42.17. Insider Activity at Federated Hermes In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s stock in a transaction on Friday, February 7th.

The stock was sold at an average price of $38.81, for a total transaction of $215,240.26.

Following the completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at $6,950,715.76. The trade was a 3.

00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . 3.

80% of the stock is currently owned by insiders. Federated Hermes Trading Up 5.5 % Shares of FHI stock opened at $37.

83 on Thursday. The company has a market cap of $3.08 billion, a PE ratio of 11.

86, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84.

Federated Hermes, Inc. has a 1 year low of $31.24 and a 1 year high of $43.

92. The stock’s 50 day simple moving average is $38.84 and its two-hundred day simple moving average is $39.

55. 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 – Get Free Report ) last released 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%. Research analysts predict that Federated Hermes, Inc. will post 4.

04 earnings per share for the current year. Federated Hermes Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.

31 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.

24 dividend on an annualized basis and a dividend yield of 3.28%. Federated Hermes’s dividend payout ratio is presently 38.

87%. Federated Hermes Company Profile ( Free Report ) 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.

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