Continental Advisors LLC Sells 12,608 Shares of Federated Hermes, Inc. (NYSE:FHI)

Continental Advisors LLC decreased its position in Federated Hermes, Inc. (NYSE:FHI) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,859 shares of the company’s stock after selling 12,608 shares during the quarter. Federated Hermes accounts for approximately 3.4% of Continental Advisors LLC’s holdings, making the stock its 7th largest position. Continental Advisors LLC’s holdings in Federated Hermes were worth $7,312,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Walleye Capital LLC raised its holdings in shares of Federated Hermes by 4.1% during the fourth quarter. Walleye Capital LLC now owns 6,877 shares of the company’s stock valued at $283,000 after buying an additional 269 shares during the last quarter. Amalgamated Bank lifted its holdings in Federated Hermes by 1.0% in the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock valued at $1,341,000 after acquiring an additional 313 shares during the last quarter. MBM Wealth Consultants LLC boosted 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 valued at $306,000 after purchasing an additional 474 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Federated Hermes by 4.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,324 shares of the company’s stock worth $424,000 after purchasing an additional 474 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Federated Hermes by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company’s stock worth $914,000 after purchasing an additional 560 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 28th. Evercore ISI cut their target price on Federated Hermes from $42.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. UBS Group boosted their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 target price (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $41.17.

Federated Hermes Trading Down 3.5 %

Shares of NYSE FHI opened at $36.26 on Tuesday. The firm has a market capitalization of $2.95 billion, a PE ratio of 11.37, a PEG ratio of 1.00 and a beta of 0.84. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $38.62 and a two-hundred day moving average price of $39.61.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating 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%. As a group, analysts predict that Federated Hermes, Inc. will post 4.04 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, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.42%. Federated Hermes’s dividend payout ratio is currently 38.87%.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction on Friday, February 7th. The shares were sold at an average price of $38.81, for a total value of $215,240.26. Following the transaction, the chief executive officer now 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 SEC, which is available through this link. 3.80% of the stock is currently owned by corporate 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.