Barclays PLC Has $10.14 Million Stock Position in Federated Hermes, Inc. (NYSE:FHI)

Barclays PLC boosted its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 14.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 246,718 shares of the company’s stock after purchasing an additional 31,068 shares during the quarter. Barclays PLC owned about 0.30% of Federated Hermes worth $10,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Amalgamated Bank lifted its holdings in Federated Hermes by 1.0% in the fourth quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock valued at $1,341,000 after buying an additional 313 shares during the period. MBM Wealth Consultants LLC raised 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 acquiring an additional 474 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake 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 valued at $914,000 after purchasing an additional 560 shares during the period. GAMMA Investing LLC boosted its position in shares of Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after purchasing an additional 646 shares during the last quarter. Finally, DGS Capital Management LLC grew its stake in shares of Federated Hermes by 4.7% during the third quarter. DGS Capital Management LLC now owns 20,715 shares of the company’s stock worth $762,000 after purchasing an additional 931 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FHI. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Royal Bank of Canada cut 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 lowered their target price on shares of Federated Hermes from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Finally, StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.17.

Federated Hermes Stock Performance

Shares of FHI opened at $37.19 on Wednesday. The firm’s 50 day moving average price is $38.60 and its two-hundred day moving average price is $39.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The firm has a market cap of $3.02 billion, a P/E ratio of 11.66, a PEG ratio of 1.00 and a beta of 0.84.

Federated Hermes (NYSE:FHI) last announced 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 net margin of 16.44% and a return on equity of 30.31%. On average, analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Friday, February 7th. Federated Hermes’s dividend payout ratio is presently 38.87%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes 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 sale, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.80% 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.