Schneider Downs Wealth Management Advisors LP Sells 11,454 Shares of Federated Hermes, Inc. (NYSE:FHI)

Schneider Downs Wealth Management Advisors LP decreased its stake in Federated Hermes, Inc. (NYSE:FHI) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,460 shares of the company’s stock after selling 11,454 shares during the period. Federated Hermes accounts for about 0.6% of Schneider Downs Wealth Management Advisors LP’s holdings, making the stock its 28th biggest position. Schneider Downs Wealth Management Advisors LP owned about 0.10% of Federated Hermes worth $3,267,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FHI. State of Alaska Department of Revenue increased its stake in shares of Federated Hermes by 3.1% in the third quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock worth $336,000 after purchasing an additional 275 shares in the last quarter. Amalgamated Bank grew its stake in Federated Hermes by 1.0% during the fourth quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock valued at $1,341,000 after acquiring an additional 313 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Federated Hermes by 2.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock valued at $612,000 after acquiring an additional 340 shares in the last quarter. MBM Wealth Consultants LLC grew its stake in Federated Hermes by 6.8% during the fourth 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 in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Federated Hermes by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company’s stock valued at $914,000 after acquiring an additional 560 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Analyst Ratings Changes

FHI has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Evercore ISI set a $44.00 price target on shares of Federated Hermes in a research note on Monday, February 3rd. UBS Group boosted their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. One equities 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $42.17.

Federated Hermes Trading Down 0.5 %

Shares of FHI opened at $38.11 on Thursday. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 1.00 and a beta of 1.16. 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 fifty-two week low of $31.24 and a fifty-two week high of $43.92. The firm has a 50 day moving average price of $39.27 and a 200-day moving average price of $38.53.

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, 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%. As a group, equities research analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.25%. Federated Hermes’s dividend payout ratio is currently 38.87%.

Insider Activity at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction 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 completion of 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 SEC, which is available through this link. 3.70% of the stock is currently owned by company insiders.

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.