Y Intercept Hong Kong Ltd Sells 8,515 Shares of Federated Hermes, Inc. (NYSE:FHI)

Y Intercept Hong Kong Ltd trimmed its stake in Federated Hermes, Inc. (NYSE:FHI) by 34.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,361 shares of the company’s stock after selling 8,515 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Federated Hermes were worth $673,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. FMR LLC grew its stake in Federated Hermes by 2.5% in the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock valued at $208,351,000 after purchasing an additional 137,245 shares in the last quarter. Geode Capital Management LLC grew its stake in Federated Hermes by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock valued at $45,982,000 after purchasing an additional 92,643 shares in the last quarter. Two Sigma Advisers LP grew its stake in Federated Hermes by 13.1% in the third quarter. Two Sigma Advisers LP now owns 787,400 shares of the company’s stock valued at $28,953,000 after purchasing an additional 90,900 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Federated Hermes by 24.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock valued at $28,282,000 after purchasing an additional 152,926 shares in the last quarter. Finally, Algert Global LLC grew its stake in Federated Hermes by 1.0% in the third quarter. Algert Global LLC now owns 353,242 shares of the company’s stock valued at $12,989,000 after purchasing an additional 3,440 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is owned by company insiders.

Federated Hermes Price Performance

Shares of Federated Hermes stock opened at $38.76 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. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 1.00 and a beta of 1.16. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a 50-day simple moving average of $39.17 and a two-hundred day simple moving average of $38.57.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is currently 38.87%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FHI shares. Royal Bank of Canada reduced their target price on 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. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $41.00 target price (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Evercore ISI set a $44.00 target price on Federated Hermes in a research note on Monday, February 3rd. Finally, UBS Group increased their price target 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $42.17.

Federated Hermes Company 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.