Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lowered its stake in Federated Hermes, Inc. (NYSE:FHI) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,904 shares of the company’s stock after selling 1,267 shares during the period. Taylor Frigon Capital Management LLC owned about 0.05% of Federated Hermes worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FHI. State of Alaska Department of Revenue increased its holdings in shares of Federated Hermes by 3.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock valued at $336,000 after acquiring an additional 275 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Federated Hermes by 1.0% in the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock valued at $1,341,000 after acquiring an additional 313 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Federated Hermes by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock valued at $612,000 after acquiring an additional 340 shares during the last quarter. MBM Wealth Consultants LLC increased its holdings in shares of Federated Hermes by 6.8% in the 4th 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 during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Federated Hermes by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company’s stock valued at $914,000 after acquiring an additional 560 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Trading Down 0.5 %

Shares of NYSE FHI opened at $38.11 on Thursday. The stock’s 50 day moving average price is $39.27 and its two-hundred day moving average price is $38.53. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92. The stock has a market capitalization of $3.12 billion, a P/E ratio of 11.95, a PEG ratio of 1.00 and a beta of 1.16. 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 (NYSE:FHI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. On average, analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s payout ratio is 38.87%.

Insider Activity

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s 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 transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FHI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Evercore ISI set a $44.00 price target on Federated Hermes in a research note on Monday, February 3rd. JPMorgan Chase & Co. restated an “underweight” rating and set a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Royal Bank of Canada dropped their price target 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. Finally, StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. One 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. Based on data from MarketBeat.com, Federated Hermes currently has an average rating of “Hold” and an average target price of $42.17.

Federated Hermes Company Profile

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.