Federated Hermes, Inc. (NYSE:FHI) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its position in Federated Hermes, Inc. (NYSE:FHI) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,401 shares of the company’s stock after acquiring an additional 12,585 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Federated Hermes were worth $8,156,000 at the end of the most recent quarter.

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

Federated Hermes Stock Performance

Federated Hermes stock opened at $40.70 on Friday. 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, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The company has a fifty day moving average price of $38.95 and a two-hundred day moving average price of $39.38. The company has a market cap of $3.31 billion, a PE ratio of 12.76, a P/E/G ratio of 1.00 and a beta of 1.10.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating 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%. Research analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s payout ratio is 38.87%.

Wall Street Analyst Weigh In

FHI has been the subject of a number of recent analyst reports. Evercore ISI set a $44.00 price objective on Federated Hermes in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Royal Bank of Canada decreased 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 report on Tuesday, January 28th. Finally, UBS Group upped their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.17.

Insider Buying and Selling

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.