Elo Mutual Pension Insurance Co Purchases Shares of 10,844 Federated Hermes, Inc. (NYSE:FHI)

Elo Mutual Pension Insurance Co acquired a new stake in shares of Federated Hermes, Inc. (NYSE:FHI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,844 shares of the company’s stock, valued at approximately $446,000.

Several other hedge funds also recently made changes to their positions in FHI. R Squared Ltd bought a new stake in Federated Hermes during the fourth quarter worth approximately $43,000. Sound Income Strategies LLC bought a new stake in shares of Federated Hermes during the 4th quarter worth $53,000. Neo Ivy Capital Management acquired a new position in shares of Federated Hermes in the 3rd quarter worth $60,000. GAMMA Investing LLC raised 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 during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction 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 completion of the sale, the chief executive officer now owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by corporate insiders.

Federated Hermes Stock Down 1.3 %

FHI stock opened at $40.70 on Monday. The company has a 50 day moving average of $38.95 and a two-hundred day moving average of $39.41. 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 12-month low of $31.24 and a 12-month high of $43.92. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.00 and a beta of 1.10.

Federated Hermes (NYSE:FHI) last announced 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%. On average, equities analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal 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 $0.31 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.05%. Federated Hermes’s payout ratio is 38.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Evercore ISI set a $44.00 price target on Federated Hermes in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 21st. 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 note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.17.

About Federated Hermes

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.