EntryPoint Capital LLC Lowers Stake in Federated Hermes, Inc. (NYSE:FHI)

EntryPoint Capital LLC reduced its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 12.7% during the 1st quarter, HoldingsChannel reports. The fund owned 3,693 shares of the company’s stock after selling 536 shares during the period. EntryPoint Capital LLC’s holdings in Federated Hermes were worth $133,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vident Advisory LLC boosted its stake in shares of Federated Hermes by 697.7% during the 1st quarter. Vident Advisory LLC now owns 93,522 shares of the company’s stock worth $3,378,000 after acquiring an additional 81,798 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in Federated Hermes by 103.0% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 58,726 shares of the company’s stock valued at $2,121,000 after buying an additional 29,793 shares in the last quarter. Vanguard Group Inc. lifted 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 valued at $309,826,000 after buying an additional 45,214 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Federated Hermes by 66.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 28,151 shares of the company’s stock valued at $1,016,000 after buying an additional 11,226 shares in the last quarter. Finally, Foundry Partners LLC purchased a new position in Federated Hermes in the 1st quarter valued at about $272,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Federated Hermes

In other news, VP Paul A. Uhlman sold 994 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $31.43, for a total transaction of $31,241.42. Following the completion of the sale, the vice president now owns 298,578 shares in the company, valued at approximately $9,384,306.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Paul A. Uhlman sold 975 shares of Federated Hermes stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $32,175.00. Following the completion of the sale, the vice president now owns 299,572 shares in the company, valued at approximately $9,885,876. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul A. Uhlman sold 994 shares of Federated Hermes stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $31.43, for a total transaction of $31,241.42. Following the completion of the sale, the vice president now owns 298,578 shares of the company’s stock, valued at approximately $9,384,306.54. The disclosure for this sale can be found here. Insiders sold 2,361 shares of company stock worth $76,360 in the last 90 days. Insiders own 3.70% of the company’s stock.

Federated Hermes Price Performance

FHI traded up $0.11 during trading on Friday, reaching $35.54. The company’s stock had a trading volume of 682,189 shares, compared to its average volume of 760,721. The company has a quick ratio of 2.45, a current ratio of 3.39 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $32.98 and a two-hundred day simple moving average of $34.26. Federated Hermes, Inc. has a 1 year low of $30.23 and a 1 year high of $37.10. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 1.35 and a beta of 1.17.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The business had revenue of $402.60 million during the quarter, compared to the consensus estimate of $400.35 million. Federated Hermes had a net margin of 18.75% and a return on equity of 27.00%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS. As a group, analysts anticipate that Federated Hermes, Inc. will post 3.62 EPS for the current year.

Wall Street Analysts Forecast Growth

FHI has been the topic of a number of research reports. UBS Group decreased their price target on shares of Federated Hermes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. raised their price target on shares of Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. TD Cowen decreased their target price on shares of Federated Hermes from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Finally, Evercore ISI decreased their target price on shares of Federated Hermes from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

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.