Murphy Pohlad Asset Management LLC Sells 3,200 Shares of Federated Hermes, Inc. (NYSE:FHI)

Murphy Pohlad Asset Management LLC trimmed its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,346 shares of the company’s stock after selling 3,200 shares during the period. Federated Hermes makes up about 1.5% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. Murphy Pohlad Asset Management LLC’s holdings in Federated Hermes were worth $3,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of Federated Hermes in the 4th quarter valued at $43,000. GAMMA Investing LLC raised its holdings in Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after purchasing an additional 349 shares during the last quarter. Sound Income Strategies LLC bought a new position in shares of Federated Hermes in the 4th quarter valued at about $53,000. Neo Ivy Capital Management acquired a new stake in shares of Federated Hermes during the 3rd quarter worth approximately $60,000. Finally, CWM LLC lifted its holdings in Federated Hermes by 74.7% in the third quarter. CWM LLC now owns 2,523 shares of the company’s stock valued at $93,000 after buying an additional 1,079 shares during the period. 75.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Federated Hermes news, VP Paul A. Uhlman sold 6,311 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total transaction of $261,212.29. Following the sale, the vice president now directly owns 310,767 shares of the company’s stock, valued at $12,862,646.13. The trade was a 1.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $39.86, for a total value of $484,378.72. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $7,138,766.56. This represents a 6.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,280 shares of company stock valued at $986,421. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on FHI shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $42.00 target price (down previously from $49.00) on shares of Federated Hermes in a research report on Tuesday, January 7th. Evercore ISI raised their target price on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group increased their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. 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 for the company in a report on Tuesday. Finally, TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.17.

Federated Hermes Stock Performance

Shares of FHI opened at $39.48 on Thursday. The firm has a market cap of $3.23 billion, a P/E ratio of 12.69, a PEG ratio of 1.39 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 debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. The firm’s 50 day moving average price is $40.79 and its two-hundred day moving average price is $37.89.

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.