Meritage Portfolio Management Has $470,000 Stock Holdings in Federated Hermes, Inc. (NYSE:FHI)

Meritage Portfolio Management increased its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 12.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,441 shares of the company’s stock after acquiring an additional 1,261 shares during the quarter. Meritage Portfolio Management’s holdings in Federated Hermes were worth $470,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Federated Hermes during the 4th quarter worth approximately $43,000. GAMMA Investing LLC boosted its position in 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 buying an additional 349 shares during the period. Sound Income Strategies LLC acquired a new stake in Federated Hermes during the 4th quarter worth approximately $53,000. Neo Ivy Capital Management acquired a new stake in Federated Hermes during the 3rd quarter worth approximately $60,000. Finally, CWM LLC boosted its position in Federated Hermes by 74.7% during the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock worth $93,000 after buying an additional 1,079 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FHI shares. StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. Evercore ISI boosted their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. UBS Group boosted their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.00.

Federated Hermes Stock Up 0.1 %

Federated Hermes stock opened at $39.42 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92. The firm’s fifty day moving average is $40.50 and its 200 day moving average is $38.07. The company has a market capitalization of $3.23 billion, a PE ratio of 12.36, a PEG ratio of 1.47 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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, sell-side analysts predict that Federated Hermes, Inc. will post 4.14 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.15%. Federated Hermes’s payout ratio is presently 38.87%.

Insider Activity at Federated Hermes

In related news, insider Richard A. Novak sold 1,363 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total transaction of $56,523.61. Following the transaction, the insider now owns 53,837 shares in the company, valued at $2,232,620.39. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Saker Anwar Nusseibeh sold 4,454 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.38, for a total transaction of $184,306.52. Following the sale, the chief executive officer now owns 184,642 shares of the company’s stock, valued at $7,640,485.96. This trade represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,128 shares of company stock worth $502,042 in the last quarter. Company insiders own 3.70% of the company’s stock.

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.