First National Trust Co Raises Stake in Federated Hermes, Inc. (NYSE:FHI)

First National Trust Co lifted its stake in Federated Hermes, Inc. (NYSE:FHI) by 12.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,174 shares of the company’s stock after buying an additional 1,385 shares during the quarter. First National Trust Co’s holdings in Federated Hermes were worth $500,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FHI. R Squared Ltd purchased a new position in shares of Federated Hermes in the fourth quarter worth $43,000. Sound Income Strategies LLC purchased a new position in shares of Federated Hermes in the fourth quarter worth $53,000. Neo Ivy Capital Management purchased a new stake in Federated Hermes during the third quarter valued at $60,000. GAMMA Investing LLC raised its stake in Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock valued at $70,000 after purchasing an additional 646 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in 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 in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insider Transactions at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction dated 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 directly owns 179,096 shares of the company’s stock, valued at $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

FHI has been the topic of a number of recent research reports. Evercore ISI set a $44.00 price target on shares of Federated Hermes in a research note on Monday, February 3rd. Royal Bank of Canada decreased their price target 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. UBS Group upped 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, JPMorgan Chase & Co. reaffirmed 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Federated Hermes presently has a consensus rating of “Hold” and an average price target of $42.17.

Federated Hermes Trading Up 3.9 %

NYSE FHI opened at $39.04 on Friday. The company’s 50-day moving average price is $38.64 and its 200-day moving average price is $38.95. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.17 billion, a PE ratio of 12.24, a PEG ratio of 1.00 and a beta of 1.10. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92.

Federated Hermes (NYSE:FHI) last posted its quarterly 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%. Equities 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 declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Friday, February 7th. Federated Hermes’s payout ratio 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.