Cerity Partners LLC Makes New $605,000 Investment in Federated Hermes, Inc. (NYSE:FHI)

Cerity Partners LLC bought a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,865 shares of the company's stock, valued at approximately $605,000.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its position in shares of Federated Hermes by 228.6% during the 3rd quarter. Barclays PLC now owns 215,650 shares of the company's stock valued at $7,930,000 after acquiring an additional 150,017 shares during the period. Geode Capital Management LLC lifted its stake in shares of Federated Hermes by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company's stock valued at $45,982,000 after acquiring an additional 92,643 shares during the last quarter. Passumpsic Savings Bank acquired a new stake in shares of Federated Hermes during the third quarter valued at about $206,000. Sanctuary Advisors LLC bought a new stake in Federated Hermes during the 3rd quarter worth approximately $475,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Federated Hermes in the third quarter worth $113,000. Institutional investors own 75.94% of the company's stock.

Analysts Set New Price Targets

FHI has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Evercore ISI reduced their price objective on Federated Hermes from $42.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada lowered their target price on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. restated an "underweight" rating and set a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. One 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's stock. According to data from MarketBeat.com, Federated Hermes has an average rating of "Hold" and a consensus price target of $41.17.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business's stock in a transaction dated 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 owns 179,096 shares in the company, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.80% of the company's stock.

Federated Hermes Price Performance

Shares of FHI traded up $1.03 during mid-day trading on Friday, reaching $39.33. 378,759 shares of the stock traded hands, compared to its average volume of 731,347. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. Federated Hermes, Inc. has a 1 year low of $31.24 and a 1 year high of $43.92. The firm has a fifty day moving average price of $38.57 and a 200 day moving average price of $39.59. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI - Get Free Report) last issued 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 net margin of 16.44% and a return on equity of 30.31%. As a group, equities research analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.15%. Federated Hermes's dividend payout ratio (DPR) is 38.87%.

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.