Vision Financial Markets LLC Buys New Shares in Federated Hermes, Inc. (NYSE:FHI)

Vision Financial Markets LLC bought a new stake in shares of Federated Hermes, Inc. (NYSE:FHI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 4,818 shares of the company’s stock, valued at approximately $198,000.

A number of other large investors also recently modified their holdings of FHI. Bank of New York Mellon Corp lifted its stake in shares of Federated Hermes by 53.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company’s stock valued at $52,493,000 after buying an additional 446,683 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Federated Hermes by 24.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock worth $28,282,000 after purchasing an additional 152,926 shares in the last quarter. Barclays PLC lifted its stake in Federated Hermes by 228.6% in the 3rd quarter. Barclays PLC now owns 215,650 shares of the company’s stock worth $7,930,000 after purchasing an additional 150,017 shares in the last quarter. FMR LLC lifted its stake in Federated Hermes by 2.5% in the 3rd quarter. FMR LLC now owns 5,666,335 shares of the company’s stock worth $208,351,000 after purchasing an additional 137,245 shares in the last quarter. Finally, Victory Capital Management Inc. lifted 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 worth $5,867,000 after purchasing an additional 126,840 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. StockNews.com upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Monday. Evercore ISI set a $44.00 price target on shares of Federated Hermes in a research note on Monday, February 3rd. UBS Group boosted their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $42.17.

Insider Activity 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 transaction of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by insiders.

Federated Hermes Stock Performance

Federated Hermes stock opened at $38.91 on Thursday. The company’s 50-day moving average price is $39.01 and its 200-day moving average price is $38.72. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. 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.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share 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%. On average, equities research analysts forecast that Federated Hermes, Inc. will post 4.04 EPS 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 issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.19%. Federated Hermes’s payout ratio is 38.87%.

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.