Mutual of America Capital Management LLC Sells 3,415 Shares of Federated Hermes, Inc. (NYSE:FHI)

Mutual of America Capital Management LLC trimmed its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 7.4% during the 3rd quarter, Holdings Channel reports. The firm owned 42,541 shares of the company’s stock after selling 3,415 shares during the period. Mutual of America Capital Management LLC’s holdings in Federated Hermes were worth $1,564,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in Federated Hermes by 42.3% during the first quarter. Russell Investments Group Ltd. now owns 6,876 shares of the company’s stock valued at $248,000 after acquiring an additional 2,043 shares during the period. Vanguard Group Inc. boosted its stake in Federated Hermes by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,577,679 shares of the company’s stock worth $309,826,000 after purchasing an additional 45,214 shares during the period. Lazard Asset Management LLC grew its holdings in Federated Hermes by 305.7% during the 1st quarter. Lazard Asset Management LLC now owns 3,647 shares of the company’s stock valued at $131,000 after buying an additional 2,748 shares in the last quarter. Tidal Investments LLC purchased a new stake in Federated Hermes during the 1st quarter valued at approximately $1,419,000. Finally, Comerica Bank lifted its holdings in shares of Federated Hermes by 11.9% in the first quarter. Comerica Bank now owns 41,010 shares of the company’s stock worth $1,481,000 after buying an additional 4,346 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Evercore ISI increased their price target on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and increased their target price for the company from $35.00 to $46.00 in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

Federated Hermes Price Performance

Shares of Federated Hermes stock opened at $42.61 on Tuesday. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. The stock has a 50 day moving average price of $38.82 and a 200-day moving average price of $35.26. Federated Hermes, Inc. has a one year low of $31.08 and a one year high of $43.06.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.92 by $0.14. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The company had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. During the same period in the previous year, the firm earned $0.86 earnings per share. Federated Hermes’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 2.91%. Federated Hermes’s payout ratio is 39.87%.

Insider Buying and Selling

In other news, VP Paul A. Uhlman sold 6,311 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total transaction of $261,212.29. Following the completion of the sale, the vice president now directly owns 310,767 shares of the company’s stock, valued at approximately $12,862,646.13. The trade was a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $7,138,766.56. The trade was a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,280 shares of company stock valued at $1,185,871 in the last ninety days. 3.70% of the stock is owned by company insiders.

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.