68,338 Shares in Federated Hermes, Inc. (NYSE:FHI) Purchased by Advisors Preferred LLC

Advisors Preferred LLC acquired a new stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 68,338 shares of the company's stock, valued at approximately $2,310,000. Advisors Preferred LLC owned 0.08% of Federated Hermes as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fifth Third Bancorp raised its holdings in Federated Hermes by 71.1% in the fourth quarter. Fifth Third Bancorp now owns 739 shares of the company's stock valued at $25,000 after acquiring an additional 307 shares in the last quarter. Signaturefd LLC raised its holdings in Federated Hermes by 69.9% during the third quarter. Signaturefd LLC now owns 834 shares of the company's stock worth $28,000 after purchasing an additional 343 shares in the last quarter. Quarry LP acquired a new stake in Federated Hermes during the second quarter worth approximately $29,000. Pinebridge Investments L.P. acquired a new stake in Federated Hermes during the second quarter worth approximately $37,000. Finally, CENTRAL TRUST Co raised its holdings in Federated Hermes by 310.8% during the third quarter. CENTRAL TRUST Co now owns 1,520 shares of the company's stock worth $50,000 after purchasing an additional 1,150 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

Insiders Place Their Bets

In other news, VP Meter Stephen Van sold 1,660 shares of Federated Hermes stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $36.15, for a total transaction of $60,009.00. Following the completion of the transaction, the vice president now owns 31,689 shares of the company's stock, valued at approximately $1,145,557.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Paul A. Uhlman sold 90,745 shares of Federated Hermes stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the completion of the transaction, the vice president now owns 289,904 shares of the company's stock, valued at approximately $10,222,015.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Meter Stephen Van sold 1,660 shares of Federated Hermes stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $36.15, for a total value of $60,009.00. Following the transaction, the vice president now directly owns 31,689 shares of the company's stock, valued at approximately $1,145,557.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,435 shares of company stock worth $4,092,831. Corporate insiders own 3.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on FHI shares. UBS Group started coverage on shares of Federated Hermes in a report on Friday, January 5th. They set a "neutral" rating and a $35.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of Federated Hermes from $36.00 to $37.00 and gave the company a "sector perform" rating in a report on Monday, January 29th. TD Cowen assumed coverage on shares of Federated Hermes in a report on Thursday, January 4th. They issued a "market perform" rating and a $32.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Federated Hermes from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Thursday, January 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $38.43.

Federated Hermes Stock Performance

NYSE:FHI traded up $0.37 during midday trading on Friday, reaching $36.37. The stock had a trading volume of 502,462 shares, compared to its average volume of 737,122. The firm has a fifty day simple moving average of $35.59 and a two-hundred day simple moving average of $33.97. Federated Hermes, Inc. has a 12-month low of $30.23 and a 12-month high of $45.55. The company has a quick ratio of 1.89, a current ratio of 2.51 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.07 billion, a P/E ratio of 10.67, a P/E/G ratio of 0.82 and a beta of 1.12.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings data on Friday, January 26th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.12. The firm had revenue of $391.50 million for the quarter, compared to analyst estimates of $396.97 million. Federated Hermes had a net margin of 18.58% and a return on equity of 26.76%. Federated Hermes's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.90 EPS. On average, equities analysts expect that Federated Hermes, Inc. will post 3.64 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.12 annualized dividend and a dividend yield of 3.08%. Federated Hermes's payout ratio is currently 32.84%.

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.