BNP Paribas Financial Markets Sells 48,596 Shares of Federated Hermes, Inc. (NYSE:FHI)

BNP Paribas Financial Markets lessened its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 69.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,393 shares of the company's stock after selling 48,596 shares during the period. BNP Paribas Financial Markets' holdings in Federated Hermes were worth $879,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FHI. Barclays PLC boosted its holdings in shares of Federated Hermes by 228.6% during the third quarter. Barclays PLC now owns 215,650 shares of the company's stock worth $7,930,000 after purchasing an additional 150,017 shares during the period. MBM Wealth Consultants LLC boosted its position 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 purchasing an additional 474 shares during the last quarter. Inspire Investing LLC purchased a new position in Federated Hermes in the fourth quarter valued at about $829,000. Sound Income Strategies LLC acquired a new position in Federated Hermes in the 4th quarter worth about $53,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Federated Hermes by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company's stock worth $914,000 after purchasing an additional 560 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FHI. Royal Bank of Canada boosted their price target on Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Evercore ISI increased their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. TD Cowen cut shares of Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $42.33.

Federated Hermes Price Performance

Shares of NYSE:FHI traded down $0.12 during trading on Tuesday, reaching $41.96. The stock had a trading volume of 33,697 shares, compared to its average volume of 731,243. The stock has a market capitalization of $3.32 billion, a PE ratio of 13.12, a P/E/G ratio of 1.00 and a beta of 0.77. 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 52 week low of $31.24 and a 52 week high of $43.92. The business's 50-day moving average price is $40.10 and its 200 day moving average price is $40.09.

Federated Hermes (NYSE:FHI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.19. The business had revenue of $423.54 million during the quarter, compared to analysts' expectations of $425.43 million. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. As a group, equities analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, May 8th. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a yield of 3.24%. Federated Hermes's dividend payout ratio is presently 38.31%.

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.