19 hours Ago By Defense World Staff
Sei Investments Co. boosted its position in Federated Hermes, Inc. ( NYSE:FHI – Free Report ) by 776.
6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 112,018 shares of the company’s stock after purchasing an additional 99,240 shares during the period. Sei Investments Co.
owned about 0.14% of Federated Hermes worth $4,605,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors have also bought and sold shares of the business.
Bank of New York Mellon Corp increased its holdings in shares of Federated Hermes by 53.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company’s stock worth $52,493,000 after purchasing an additional 446,683 shares during the period.
Charles Schwab Investment Management Inc. raised its position in Federated Hermes by 24.8% during the third quarter.
Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock valued at $28,282,000 after purchasing an additional 152,926 shares in the last quarter. Barclays PLC raised its position in Federated Hermes by 228.
6% during the third quarter. Barclays PLC now owns 215,650 shares of the company’s stock valued at $7,930,000 after purchasing an additional 150,017 shares in the last quarter. Geode Capital Management LLC lifted its stake in Federated Hermes by 8.
0% during the third quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock worth $45,982,000 after purchasing an additional 92,643 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Federated Hermes by 13.
1% in the 3rd quarter. Two Sigma Advisers LP now owns 787,400 shares of the company’s stock valued at $28,953,000 after purchasing an additional 90,900 shares in the last quarter. Institutional investors own 75.
94% of the company’s stock. Wall Street Analyst Weigh In A number of equities analysts recently issued reports on FHI shares. StockNews.
com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. UBS Group lifted their price target on Federated Hermes from $39.00 to $40.
00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 price target (down from $45.
00) on shares of Federated Hermes in a report on Wednesday, January 8th. Royal Bank of Canada cut their target price on shares of Federated Hermes from $42.00 to $39.
00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 28th. Finally, Evercore ISI set a $44.00 price target on shares of Federated Hermes in a research report on Monday, February 3rd.
One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.17.
Insiders Place Their Bets In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’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 transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76.
This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link .
Company insiders own 3.80% of the company’s stock. Federated Hermes Stock Performance NYSE FHI opened at $41.
16 on Thursday. Federated Hermes, Inc. has a 52-week low of $31.
24 and a 52-week high of $43.92. The company has a fifty day moving average of $39.
12 and a 200-day moving average of $39.52. The company has a market capitalization of $3.
35 billion, a P/E ratio of 12.90, a P/E/G 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. Federated Hermes ( NYSE:FHI – Get Free Report ) last released 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%. As a group, equities research analysts predict that Federated Hermes, Inc. will post 4.
04 EPS for the current fiscal year. Federated Hermes Dividend Announcement The company also recently announced 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. The ex-dividend date was Friday, February 7th. This represents a $1.
24 dividend on an annualized basis and a dividend yield of 3.01%. Federated Hermes’s dividend payout ratio (DPR) is 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.
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