Vision Financial Markets LLC Buys Shares of 4,818 Federated Hermes, Inc. (NYSE:FHI)

Vision Financial Markets LLC bought a new stake in shares of Federated Hermes, Inc. (NYSE:FHI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,818 shares of the company’s stock, valued at approximately $198,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC increased its stake in shares of Federated Hermes by 2.5% during the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock valued at $208,351,000 after purchasing an additional 137,245 shares in the last quarter. Bank of New York Mellon Corp increased its stake 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 valued at $52,493,000 after purchasing an additional 446,683 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Federated Hermes by 8.0% during the third quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock valued at $45,982,000 after purchasing an additional 92,643 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Federated Hermes by 19.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company’s stock valued at $37,618,000 after purchasing an additional 145,878 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Federated Hermes by 13.1% during the third 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.

Analysts Set New Price Targets

FHI has been the subject of a number of analyst reports. UBS Group raised 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their price target 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. JPMorgan Chase & Co. reissued an “underweight” rating and set a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Finally, Evercore ISI set a $44.00 price target on shares of Federated Hermes in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.17.

Insiders Place Their Bets

In other 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 transaction of $215,240.26. Following the transaction, the chief executive officer now owns 179,096 shares in the company, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

Federated Hermes Trading Up 3.0 %

NYSE:FHI opened at $38.91 on Thursday. 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, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The company has a market cap of $3.18 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10. The company has a 50 day simple moving average of $39.01 and a two-hundred day simple moving average of $38.72.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, topping 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%. Research analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is presently 38.87%.

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.