Murphy Pohlad Asset Management LLC Reduces Holdings in Federated Hermes, Inc. (NYSE:FHI)

Murphy Pohlad Asset Management LLC lowered its stake in Federated Hermes, Inc. (NYSE:FHI) by 3.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,346 shares of the company’s stock after selling 3,200 shares during the quarter. Federated Hermes makes up about 1.5% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 27th biggest position. Murphy Pohlad Asset Management LLC owned about 0.10% of Federated Hermes worth $3,385,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in FHI. Inspire Investing LLC acquired a new position in shares of Federated Hermes in the fourth quarter valued at approximately $829,000. GAMMA Investing LLC lifted its stake in shares of Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after purchasing an additional 349 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Federated Hermes by 24.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock worth $28,282,000 after purchasing an additional 152,926 shares during the last quarter. Fortis Advisors LLC acquired a new position in Federated Hermes in the fourth quarter valued at $727,000. Finally, Barclays PLC lifted its position in 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 buying an additional 150,017 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FHI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $42.00 price objective (down previously from $49.00) on shares of Federated Hermes in a research note on Tuesday, January 7th. UBS Group lifted their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada dropped their target price on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a research report on Tuesday. Finally, TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $46.00 in a research report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.17.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $39.86, for a total value of $484,378.72. Following the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $7,138,766.56. This represents a 6.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul A. Uhlman sold 6,311 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total value of $261,212.29. Following the sale, the vice president now owns 310,767 shares of the company’s stock, valued at approximately $12,862,646.13. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,280 shares of company stock worth $986,421 in the last quarter. 3.70% of the stock is owned by company insiders.

Federated Hermes Price Performance

Shares of Federated Hermes stock opened at $39.48 on Thursday. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. The stock has a market cap of $3.23 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. The company’s 50-day moving average price is $40.79 and its two-hundred day moving average price is $37.89. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32.

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.