1 week Ago By ABMN Staff
Geode Capital Management LLC grew its position in shares of Federated Hermes, Inc. ( NYSE:FHI – Free Report ) by 2.6% during the fourth quarter, HoldingsChannel reports.
The institutional investor owned 1,282,252 shares of the company’s stock after purchasing an additional 32,070 shares during the period. Geode Capital Management LLC’s holdings in Federated Hermes were worth $52,731,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently made changes to their positions in the company.
R Squared Ltd bought a new stake in Federated Hermes in the 4th quarter worth about $43,000. Sound Income Strategies LLC purchased a new stake in shares of Federated Hermes during the 4th quarter valued at about $53,000. GAMMA Investing LLC grew its stake in shares of Federated Hermes by 60.
9% in the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after acquiring an additional 646 shares during the period. C M Bidwell & Associates Ltd.
purchased a new position in shares of Federated Hermes during the fourth quarter valued at approximately $73,000. Finally, Jones Financial Companies Lllp lifted its position in 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 purchasing an additional 1,400 shares during the period. Institutional investors own 75.94% of the company’s stock.
Wall Street Analyst Weigh In A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Federated Hermes from $39.00 to $40.
00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Evercore ISI reduced their price objective on Federated Hermes from $42.00 to $38.
00 and set an “outperform” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 target price (down from $45.
00) on shares of Federated Hermes in a research report on Wednesday, January 8th. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 1st.
Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 price objective (down previously from $42.
00) on shares of Federated Hermes in a report on Wednesday, February 5th. One investment 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, the stock has an average rating of “Hold” and a consensus price target of $41.
17. Insider Buying and Selling at Federated Hermes In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $6,950,715.
76. This trade represents a 3.00 % decrease in their position.
The sale was disclosed in a filing with the SEC, which is available through the SEC website . Insiders own 3.80% of the company’s stock.
Federated Hermes Stock Up 2.5 % NYSE FHI opened at $37.80 on Monday.
The stock’s 50-day moving average price is $38.75 and its 200-day moving average price is $39.57.
The company has a market capitalization of $3.07 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 1.
00 and a beta of 0.84. The company has a quick ratio of 2.
03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32.
Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.
92. Federated Hermes ( NYSE:FHI – Get Free Report ) last issued 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 net margin of 16.44% and a return on equity of 30.31%.
On average, equities research analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.
Federated Hermes Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.31 dividend.
The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.
28%. Federated Hermes’s payout ratio is presently 38.87%.
About Federated Hermes ( 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. Recommended Stories Want to see what other hedge funds are holding FHI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Federated Hermes, Inc. ( NYSE:FHI – Free Report ). Receive News & Ratings for Federated Hermes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Hermes and related companies with MarketBeat.
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