Capital City Trust Co. FL Decreases Stock Position in Federated Hermes, Inc. (NYSE:FHI)

Capital City Trust Co. FL cut its holdings in Federated Hermes, Inc. (NYSE:FHI) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,746 shares of the company’s stock after selling 770 shares during the quarter. Capital City Trust Co. FL’s holdings in Federated Hermes were worth $606,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC raised its stake in Federated Hermes by 2.5% in the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock valued at $208,351,000 after buying an additional 137,245 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Federated Hermes by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock worth $45,982,000 after purchasing an additional 92,643 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Federated Hermes by 13.1% in the third quarter. Two Sigma Advisers LP now owns 787,400 shares of the company’s stock worth $28,953,000 after purchasing an additional 90,900 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Federated Hermes by 24.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock worth $28,282,000 after purchasing an additional 152,926 shares during the last quarter. Finally, Algert Global LLC raised its stake in shares of Federated Hermes by 1.0% in the third quarter. Algert Global LLC now owns 353,242 shares of the company’s stock worth $12,989,000 after purchasing an additional 3,440 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Stock Down 1.3 %

Shares of FHI stock opened at $37.72 on Friday. The stock has a 50 day moving average of $39.49 and a 200 day moving average of $38.38. 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 stock has a market cap of $3.09 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.00 and a beta of 1.16. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data 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 return on equity of 30.31% and a net margin of 16.44%. As a group, sell-side analysts expect that Federated Hermes, Inc. will post 4.09 EPS for the current year.

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.29%. The ex-dividend date was Friday, February 7th. Federated Hermes’s payout ratio is currently 38.87%.

Wall Street Analysts Forecast Growth

FHI has been the subject of several research analyst reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. UBS Group raised their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada reduced their price objective on 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 raised their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. One 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.00.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction that occurred on Friday, February 7th. The stock was 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 of the company’s stock, valued at $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.70% of the stock is owned by corporate insiders.

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.