Commonwealth Equity Services LLC Has $21.84 Million Position in Federated Hermes, Inc. (NYSE:FHI)

Commonwealth Equity Services LLC lessened its position in Federated Hermes, Inc. (NYSE:FHI) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 531,249 shares of the company’s stock after selling 29,226 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.65% of Federated Hermes worth $21,840,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Entropy Technologies LP acquired a new stake in shares of Federated Hermes in the third quarter valued at approximately $214,000. Victory Capital Management Inc. increased its stake in Federated Hermes by 387.6% in the 3rd quarter. Victory Capital Management Inc. now owns 159,561 shares of the company’s stock valued at $5,867,000 after buying an additional 126,840 shares during the last quarter. Schneider Downs Wealth Management Advisors LP lifted its position in Federated Hermes by 31.4% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 90,914 shares of the company’s stock worth $3,343,000 after buying an additional 21,732 shares in the last quarter. Factorial Partners LLC boosted its stake in shares of Federated Hermes by 11.5% during the 3rd quarter. Factorial Partners LLC now owns 160,239 shares of the company’s stock worth $5,892,000 after buying an additional 16,500 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its holdings in shares of Federated Hermes by 13.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 37,144 shares of the company’s stock valued at $1,366,000 after acquiring an additional 4,442 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FHI shares. StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 11th. 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. Evercore ISI set a $44.00 target price on shares of Federated Hermes in a report on Monday, February 3rd. UBS Group increased their price target 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. Finally, Royal Bank of Canada decreased their price objective on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 28th. One equities 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.17.

Federated Hermes Price Performance

NYSE:FHI opened at $39.04 on Monday. The company has a market cap of $3.17 billion, a P/E ratio of 12.24, a P/E/G ratio of 1.00 and a beta of 1.10. The firm’s fifty day moving average price is $38.64 and its two-hundred day moving average price is $38.99. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Equities analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

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 was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.18%. Federated Hermes’s dividend payout ratio (DPR) is presently 38.87%.

Insider Buying and Selling at Federated Hermes

In related 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 completion of the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. The trade was 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. Insiders own 3.70% of the company’s stock.

Federated Hermes 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.