Harvest Fund Management Co. Ltd Purchases Shares of 7,725 Federated Hermes, Inc. (NYSE:FHI)

Harvest Fund Management Co. Ltd purchased a new stake in Federated Hermes, Inc. (NYSE:FHI) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 7,725 shares of the company’s stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Corient Private Wealth LLC increased its holdings in Federated Hermes by 33.2% in the 4th quarter. Corient Private Wealth LLC now owns 53,892 shares of the company’s stock valued at $2,212,000 after acquiring an additional 13,439 shares during the last quarter. Globeflex Capital L P bought a new stake in Federated Hermes in the 4th quarter valued at $399,000. First National Trust Co increased its holdings in Federated Hermes by 12.8% in the 4th quarter. First National Trust Co now owns 12,174 shares of the company’s stock valued at $500,000 after acquiring an additional 1,385 shares during the last quarter. Vestcor Inc increased its holdings in Federated Hermes by 5.5% in the 4th quarter. Vestcor Inc now owns 157,884 shares of the company’s stock valued at $6,491,000 after acquiring an additional 8,259 shares during the last quarter. Finally, Avantax Planning Partners Inc. increased its holdings in Federated Hermes by 14.9% in the 4th quarter. Avantax Planning Partners Inc. now owns 8,040 shares of the company’s stock valued at $331,000 after acquiring an additional 1,040 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Price Performance

Shares of FHI opened at $39.54 on Friday. The company has a 50 day moving average price of $38.66 and a 200-day moving average price of $39.11. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The stock has a market capitalization of $3.21 billion, a PE ratio of 12.39, a PEG ratio of 1.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70.

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 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%. Equities analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. Federated Hermes’s dividend payout ratio (DPR) is presently 38.87%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FHI. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Royal Bank of Canada dropped their price target 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. UBS Group lifted their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Evercore ISI set a $44.00 price objective on shares of Federated Hermes in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Federated Hermes has a consensus rating of “Hold” and an average target price of $42.17.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at $6,950,715.76. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.70% of the stock is currently 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.