1 week Ago By Defense World Staff
Norges Bank bought a new position in Federated Hermes, Inc. ( NYSE:FHI – Free Report ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 258,800 shares of the company’s stock, valued at approximately $10,639,000.
Norges Bank owned about 0.32% of Federated Hermes as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other large investors have also made changes to their positions in FHI.
Allspring Global Investments Holdings LLC purchased a new stake in shares of Federated Hermes in the 4th quarter worth $292,000. Inspire Investing LLC bought a new stake in Federated Hermes during the fourth quarter valued at about $829,000. Charles Schwab Investment Management Inc.
increased its position in Federated Hermes by 19.0% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 915,045 shares of the company’s stock worth $37,618,000 after buying an additional 145,878 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Federated Hermes by 78.5% in the fourth quarter.
Sanctuary Advisors LLC now owns 23,046 shares of the company’s stock worth $916,000 after buying an additional 10,135 shares during the period. Finally, Fortis Advisors LLC purchased a new position in shares of Federated Hermes during the 4th quarter valued at about $727,000. 75.
94% of the stock is currently owned by institutional investors. Analyst Ratings Changes A number of equities research analysts have commented on FHI shares. Evercore ISI set a $44.
00 target price on shares of Federated Hermes in a research note on Monday, February 3rd. UBS Group lifted 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. StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 1st.
JPMorgan Chase & Co. reissued an “underweight” rating and set a $41.00 price target (down from $42.
00) on shares of Federated Hermes in a report on Wednesday, February 5th. Finally, Royal Bank of Canada dropped their price objective on Federated Hermes from $42.00 to $39.
00 and set a “sector perform” rating for the company in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.
17. Insider Transactions at Federated Hermes In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction that occurred on Friday, February 7th. The stock was 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Insiders own 3.80% of the company’s stock.
Federated Hermes Trading Down 0.8 % Shares of FHI stock opened at $35.86 on Wednesday.
The stock’s 50-day moving average price is $38.92 and its 200-day moving average price is $39.55.
Federated Hermes, Inc. has a 12-month low of $31.24 and a 12-month high of $43.
92. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 11.
24, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84.
The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.
32. Federated Hermes ( NYSE:FHI – Get Free Report ) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.
04 earnings per share (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 predict that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal 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 paid a $0.31 dividend.
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.
46%. Federated Hermes’s payout ratio is currently 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. Further Reading Five stocks we like better than Federated Hermes What Are Dividend Challengers? Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential The 3 Best Blue-Chip Stocks to Buy Now Qualcomm Breaks Down But RSI Signals It’s Severely Oversold How to start investing in penny stocks Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy 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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