Amalgamated Bank Acquires 313 Shares of Federated Hermes, Inc. (NYSE:FHI)

Amalgamated Bank increased its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 32,614 shares of the company’s stock after acquiring an additional 313 shares during the period. Amalgamated Bank’s holdings in Federated Hermes were worth $1,341,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in shares of Federated Hermes by 3.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock valued at $336,000 after acquiring an additional 275 shares in the last quarter. Radnor Capital Management LLC bought a new stake in Federated Hermes in the third quarter valued at $1,695,000. ABLE Financial Group LLC raised its holdings in shares of Federated Hermes by 23.9% during the third quarter. ABLE Financial Group LLC now owns 31,144 shares of the company’s stock valued at $1,145,000 after purchasing an additional 6,016 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Federated Hermes during the 3rd quarter worth about $1,317,000. Finally, Meritage Portfolio Management grew its stake in shares of Federated Hermes by 9.3% in the 3rd quarter. Meritage Portfolio Management now owns 10,180 shares of the company’s stock valued at $374,000 after buying an additional 870 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $38.81, for a total value of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Federated Hermes Trading Down 0.4 %

NYSE FHI opened at $38.60 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $39.13 and a 200 day simple moving average of $38.69. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The firm has a market capitalization of $3.16 billion, a P/E ratio of 12.10, a PEG ratio of 1.00 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last announced its earnings results 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%. On average, analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.21%. Federated Hermes’s payout ratio is presently 38.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FHI shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $41.00 price target (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Royal Bank of Canada cut their target price on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 28th. Evercore ISI set a $44.00 price target on shares of Federated Hermes in a research note on Monday, February 3rd. UBS Group upped their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.