Alpha Omega Wealth Management LLC Has $4.80 Million Stock Position in Federated Hermes, Inc. (NYSE:FHI)

Alpha Omega Wealth Management LLC lowered its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,698 shares of the company’s stock after selling 269 shares during the period. Alpha Omega Wealth Management LLC owned 0.14% of Federated Hermes worth $4,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Alaska Department of Revenue lifted its holdings in shares of Federated Hermes by 3.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock worth $336,000 after acquiring an additional 275 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Federated Hermes by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock valued at $612,000 after purchasing an additional 340 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 349 shares in the last quarter. MBM Wealth Consultants LLC lifted its position in shares of Federated Hermes by 6.8% during the 4th quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock worth $306,000 after buying an additional 474 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Federated Hermes by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company’s stock valued at $914,000 after buying an additional 560 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $7,138,766.56. This represents a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total value of $56,523.61. Following the sale, the insider now owns 53,837 shares of the company’s stock, valued at approximately $2,232,620.39. This represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,280 shares of company stock worth $986,421 in the last quarter. 3.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FHI has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their target price on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Tuesday. UBS Group increased their price target on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Evercore ISI boosted their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $46.00 in a research note 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.17.

Federated Hermes Stock Performance

Shares of FHI stock opened at $39.77 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The business’s 50 day simple moving average is $40.70 and its 200 day simple moving average is $37.94. The stock has a market capitalization of $3.25 billion, a PE ratio of 12.79, a PEG ratio of 1.46 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. As a group, research analysts forecast that Federated Hermes, Inc. will post 3.87 earnings per share for the current year.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is 39.87%.

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.