Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Sprott Inc.

Sprott Inc. cut its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 564,135 shares of the company’s stock after selling 25,000 shares during the quarter. Federated Hermes comprises 1.4% of Sprott Inc.’s investment portfolio, making the stock its 22nd biggest position. Sprott Inc. owned about 0.69% of Federated Hermes worth $23,192,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FHI. Inspire Investing LLC acquired a new position in shares of Federated Hermes during the 4th quarter worth approximately $829,000. Charles Schwab Investment Management Inc. lifted its position in Federated Hermes by 24.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock worth $28,282,000 after buying an additional 152,926 shares in the last quarter. Fortis Advisors LLC acquired a new position in Federated Hermes during the fourth quarter worth $727,000. Barclays PLC grew its holdings in Federated Hermes by 228.6% in the 3rd quarter. Barclays PLC now owns 215,650 shares of the company’s stock valued at $7,930,000 after buying an additional 150,017 shares in the last quarter. Finally, Factorial Partners LLC increased its stake in shares of Federated Hermes by 11.5% in the 3rd quarter. Factorial Partners LLC now owns 160,239 shares of the company’s stock worth $5,892,000 after acquiring an additional 16,500 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at $6,950,715.76. This represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by corporate insiders.

Federated Hermes Stock Performance

Shares of FHI stock opened at $38.35 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The firm has a market cap of $3.14 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.00 and a beta of 1.16. The firm’s 50 day moving average price is $39.32 and its 200-day moving average price is $38.54. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.04 EPS 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%. As a group, equities research analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s payout ratio is 38.87%.

Wall Street Analysts Forecast Growth

FHI has been the topic of several recent research reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Royal Bank of Canada dropped their price target 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 price target on shares of Federated Hermes in a report on Monday, February 3rd. UBS Group upped their price objective on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.17.

Federated Hermes Company 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.