Federated Hermes, Inc. (NYSE:FHI) Shares Bought by Cadence Bank

Cadence Bank grew its stake in Federated Hermes, Inc. (NYSE:FHI) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 123,058 shares of the company’s stock after purchasing an additional 730 shares during the period. Cadence Bank’s holdings in Federated Hermes were worth $5,059,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FHI. Walleye Capital LLC increased its stake in Federated Hermes by 4.1% in the 4th quarter. Walleye Capital LLC now owns 6,877 shares of the company’s stock valued at $283,000 after buying an additional 269 shares during the period. Amalgamated Bank lifted its stake in shares of Federated Hermes by 1.0% in the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock worth $1,341,000 after acquiring an additional 313 shares during the period. MBM Wealth Consultants LLC boosted its holdings in shares of Federated Hermes by 6.8% in the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock valued at $306,000 after acquiring an additional 474 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Federated Hermes by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company’s stock worth $914,000 after acquiring an additional 560 shares during the period. Finally, GAMMA Investing LLC raised its holdings in 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 in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the sale, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reaffirmed 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 decreased their price target on Federated Hermes from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada cut their price objective on 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Finally, StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 1st. 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 company. According to MarketBeat.com, Federated Hermes has an average rating of “Hold” and a consensus target price of $41.17.

Federated Hermes Stock Up 0.3 %

FHI opened at $37.58 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 1.00 and a beta of 0.84. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The business’s fifty day moving average is $38.67 and its two-hundred day moving average is $39.56.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.30%. Federated Hermes’s dividend payout ratio (DPR) is 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.