Thrivent Financial for Lutherans Has $7.84 Million Holdings in Federated Hermes, Inc. (NYSE:FHI)

Thrivent Financial for Lutherans trimmed its position in Federated Hermes, Inc. (NYSE:FHI) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,594 shares of the company’s stock after selling 64,879 shares during the quarter. Thrivent Financial for Lutherans owned 0.23% of Federated Hermes worth $7,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Federated Hermes in the 4th quarter valued at $43,000. Sound Income Strategies LLC bought a new stake in Federated Hermes in the fourth quarter valued at about $53,000. Neo Ivy Capital Management bought a new stake in Federated Hermes in the third quarter valued at about $60,000. GAMMA Investing LLC raised its position in Federated Hermes by 60.9% in the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after purchasing an additional 646 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in 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 purchasing an additional 1,400 shares during the period. 75.94% of the stock is owned by institutional investors.

Insider Activity

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.

Federated Hermes Stock Performance

FHI stock opened at $39.54 on Monday. The company has a 50 day moving average price of $38.66 and a 200 day moving average price of $39.17. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The stock has a market capitalization of $3.21 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10.

Federated Hermes (NYSE:FHI) last released its earnings results 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%. Analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Friday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is presently 38.87%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FHI. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Evercore ISI set a $44.00 target price on Federated Hermes in a report on Monday, February 3rd. UBS Group raised their price target on Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada reduced their price objective on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Federated Hermes presently has an average rating of “Hold” and an average target price of $42.17.

Federated Hermes 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.