Federated Hermes, Inc. (NYSE:FHI) Stock Holdings Lowered by Advisors Preferred LLC

Advisors Preferred LLC trimmed its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 30.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,527 shares of the company’s stock after selling 4,716 shares during the quarter. Advisors Preferred LLC’s holdings in Federated Hermes were worth $430,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Federated Hermes during the 4th quarter worth $43,000. GAMMA Investing LLC lifted its holdings in shares of Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after purchasing an additional 349 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Federated Hermes in the 4th quarter valued at $53,000. Neo Ivy Capital Management purchased a new position in Federated Hermes in the 3rd quarter worth about $60,000. Finally, CWM LLC raised its holdings in Federated Hermes by 74.7% during the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock worth $93,000 after buying an additional 1,079 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Trading Down 1.7 %

Shares of NYSE:FHI opened at $38.79 on Friday. 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, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92. The firm has a fifty day moving average of $40.43 and a two-hundred day moving average of $38.08. The firm has a market capitalization of $3.17 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last announced its quarterly 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 return on equity of 30.31% and a net margin of 16.44%. On average, equities analysts expect that Federated Hermes, Inc. will post 4.14 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.20%. Federated Hermes’s payout ratio is 38.87%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FHI. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a report on Wednesday. Royal Bank of Canada decreased their price objective on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 28th. Evercore ISI boosted their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, UBS Group increased their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Federated Hermes presently has an average rating of “Hold” and an average price target of $42.00.

Insider Activity

In related news, insider Richard A. Novak sold 1,363 shares of Federated Hermes stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total transaction of $56,523.61. Following the sale, the insider now directly owns 53,837 shares of the company’s stock, valued at $2,232,620.39. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul A. Uhlman sold 6,311 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total value of $261,212.29. Following the completion of the sale, the vice president now owns 310,767 shares of the company’s stock, valued at $12,862,646.13. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,128 shares of company stock valued at $502,042. 3.70% of the stock is owned by company insiders.

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.