C M Bidwell & Associates Ltd. Takes Position in Federated Hermes, Inc. (NYSE:FHI)

C M Bidwell & Associates Ltd. purchased a new position in shares of Federated Hermes, Inc. (NYSE:FHI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,780 shares of the company’s stock, valued at approximately $73,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in shares of Federated Hermes by 1.0% in the fourth quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock valued at $1,341,000 after buying an additional 313 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Federated Hermes by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock worth $612,000 after purchasing an additional 340 shares in the last quarter. MBM Wealth Consultants LLC boosted its holdings in shares of Federated Hermes by 6.8% during the 4th quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock worth $306,000 after purchasing an additional 474 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Federated Hermes by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company’s stock valued at $914,000 after purchasing an additional 560 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Federated Hermes by 60.9% in 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 during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the 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 directly owns 179,096 shares in the company, valued at $6,950,715.76. This represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.80% of the company’s stock.

Federated Hermes Price Performance

Federated Hermes stock opened at $40.70 on Monday. 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 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. The company’s 50 day simple moving average is $38.95 and its 200-day simple moving average is $39.41. Federated Hermes, Inc. has a 1 year low of $31.24 and a 1 year high of $43.92.

Federated Hermes (NYSE:FHI) last released 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 return on equity of 30.31% and a net margin of 16.44%. As a group, equities research analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore ISI set a $44.00 target price on Federated Hermes in a report on Monday, February 3rd. Royal Bank of Canada dropped 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 report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. 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, February 5th. Finally, UBS Group raised their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.17.

About Federated Hermes

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.