Sound View Wealth Advisors Group LLC Decreases Holdings in Federated Hermes, Inc. (NYSE:FHI)

Sound View Wealth Advisors Group LLC decreased its holdings in Federated Hermes, Inc. (NYSE:FHI) by 23.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,241 shares of the company’s stock after selling 5,694 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Federated Hermes were worth $750,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FHI. R Squared Ltd purchased a new stake in Federated Hermes during the fourth quarter valued at about $43,000. Sound Income Strategies LLC bought a new stake in shares of Federated Hermes in the 4th quarter valued at about $53,000. Neo Ivy Capital Management purchased a new stake in Federated Hermes during the 3rd quarter valued at about $60,000. GAMMA Investing LLC grew its position in Federated Hermes by 60.9% during the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after acquiring an additional 646 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Federated Hermes by 112.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company’s stock worth $109,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 75.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FHI shares. StockNews.com raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Royal Bank of Canada lowered 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 research note on Tuesday, January 28th. Evercore ISI set a $44.00 target price on Federated Hermes in a research note on Monday, February 3rd. Finally, UBS Group upped their price target on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.17.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $38.84 on Monday. Federated Hermes, Inc. has a 1 year low of $31.24 and a 1 year high of $43.92. The stock has a market capitalization of $3.18 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.00 and a beta of 1.10. The company’s 50-day moving average is $38.91 and its 200 day moving average is $38.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. On average, sell-side analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.19%. Federated Hermes’s dividend payout ratio (DPR) is 38.87%.

Insider Buying and Selling at Federated Hermes

In related 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 value of $215,240.26. Following the completion of the transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

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.