2 weeks Ago By Defense World Staff
Geode Capital Management LLC increased its position in Federated Hermes, Inc. (NYSE:FHI – Free Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 1,282,252 shares of the company’s stock after buying an additional 32,070 shares during the quarter. Geode Capital Management LLC owned 1.57% of Federated Hermes worth $52,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Federated Hermes in the 4th quarter worth approximately $43,000. Sound Income Strategies LLC purchased a new stake in Federated Hermes during the fourth quarter valued at about $53,000.
GAMMA Investing LLC grew its stake in shares of Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock valued at $70,000 after buying an additional 646 shares during the last quarter.
C M Bidwell & Associates Ltd. purchased a new position in shares of Federated Hermes in the fourth quarter worth about $73,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Federated Hermes by 112.
4% in the 4th 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. Hedge funds and other institutional investors own 75.
94% of the company’s stock. Insider Transactions at Federated HermesIn other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.
81, for a total value of $215,240.26. Following the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $6,950,715.
76. The trade was a 3.00 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.80% of the company’s stock.
Analysts Set New Price TargetsSeveral equities analysts recently issued reports on the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $41.
00 price target (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed 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. StockNews.
com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 1st. 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 on the stock in a research report on Tuesday, January 28th. Finally, UBS Group increased their target price 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.
com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.17.Check Out Our Latest Research Report on FHIFederated Hermes Price PerformanceShares of NYSE FHI opened at $37.
80 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.
70 and a quick ratio of 2.03. Federated Hermes, Inc.
has a 1 year low of $31.24 and a 1 year high of $43.92.
The company’s 50-day moving average is $38.75 and its 200 day moving average is $39.57.
The stock has a market capitalization of $3.07 billion, a P/E ratio of 11.85, a P/E/G ratio of 1.
00 and a beta of 0.84. Federated Hermes (NYSE:FHI – Get Free Report) last announced its earnings results on Thursday, January 30th.
The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts expect that Federated Hermes, Inc. will post 4.
04 earnings per share for the current year. Federated Hermes Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.
31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.
28%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is presently 38.
87%. About Federated Hermes (Free Report)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.
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