KLP Kapitalforvaltning AS Makes New $1.74 Million Investment in Federated Hermes, Inc. (NYSE:FHI)

KLP Kapitalforvaltning AS purchased a new stake in Federated Hermes, Inc. (NYSE:FHI) during the fourth quarter, Holdings Channel.com reports. The firm purchased 42,300 shares of the company’s stock, valued at approximately $1,739,000.

Several other large investors have also recently made changes to their positions in FHI. R Squared Ltd purchased a new position in Federated Hermes in the fourth quarter valued at about $43,000. Sound Income Strategies LLC bought a new stake in shares of Federated Hermes in the 4th quarter valued at about $53,000. Neo Ivy Capital Management purchased a new position in shares of Federated Hermes in the 3rd quarter worth approximately $60,000. GAMMA Investing LLC raised its stake in shares of Federated Hermes by 60.9% during the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after acquiring an additional 646 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position 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 acquiring an additional 1,400 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FHI. Evercore ISI set a $44.00 price target on shares of Federated Hermes in a report on Monday, February 3rd. Royal Bank of Canada reduced their target price on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 28th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. UBS Group upped their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 target price (down 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 given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $42.17.

Federated Hermes Trading Down 1.3 %

Federated Hermes stock opened at $40.70 on Friday. The stock has a 50-day moving average price of $38.95 and a 200 day moving average price of $39.34. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week 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.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.05%. The ex-dividend date was Friday, February 7th. Federated Hermes’s dividend payout ratio is currently 38.87%.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 179,096 shares of the company’s stock, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.