Federated Hermes, Inc. (NYSE:FHI) Shares Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board raised its position in Federated Hermes, Inc. (NYSE:FHI) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,144 shares of the company’s stock after purchasing an additional 4,442 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Federated Hermes were worth $1,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Federated Hermes by 267.9% in the 2nd quarter. SG Americas Securities LLC now owns 26,820 shares of the company’s stock valued at $882,000 after purchasing an additional 19,530 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Federated Hermes in the 1st quarter worth approximately $1,419,000. Assenagon Asset Management S.A. lifted its holdings in shares of Federated Hermes by 39.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock worth $37,555,000 after acquiring an additional 324,958 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Federated Hermes by 78.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 69,814 shares of the company’s stock worth $2,522,000 after acquiring an additional 30,621 shares during the last quarter. Finally, Vident Advisory LLC lifted its holdings in shares of Federated Hermes by 697.7% in the 1st quarter. Vident Advisory LLC now owns 93,522 shares of the company’s stock worth $3,378,000 after acquiring an additional 81,798 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FHI has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday. Evercore ISI upped their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Finally, UBS Group upped their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Federated Hermes Trading Up 0.3 %

Shares of NYSE:FHI opened at $41.41 on Thursday. Federated Hermes, Inc. has a 52 week low of $31.08 and a 52 week high of $42.56. The company’s 50 day moving average is $38.38 and its two-hundred day moving average is $35.04. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.39 billion, a PE ratio of 13.32, a P/E/G ratio of 1.17 and a beta of 1.15.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. The firm had revenue of $408.46 million for the quarter, compared to the consensus estimate of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.86 EPS. Equities analysts predict that Federated Hermes, Inc. will post 3.88 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s dividend payout ratio is currently 39.87%.

Insider Buying and Selling

In other news, VP Paul A. Uhlman sold 6,311 shares of Federated Hermes 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 completion of the sale, the vice president now directly owns 310,767 shares in the company, valued at $12,862,646.13. The trade was a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Dolores D. Dudiak sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the sale, the vice president now directly owns 77,288 shares in the company, valued at $3,083,018.32. This represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,280 shares of company stock worth $1,185,871 in the last 90 days. Company insiders own 3.70% of the company’s stock.

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.