Taylor Frigon Capital Management LLC Sells 1,355 Shares of Federated Hermes, Inc. (NYSE:FHI)

Taylor Frigon Capital Management LLC decreased its holdings in shares of Federated Hermes, Inc. (NYSE:FHI – Get Rating) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 43,046 shares of the company’s stock after selling 1,355 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Federated Hermes were worth $1,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Federated Hermes by 3.7% during the 1st quarter. BlackRock Inc. now owns 13,001,719 shares of the company’s stock valued at $442,838,000 after acquiring an additional 466,504 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Federated Hermes by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 9,230,986 shares of the company’s stock valued at $314,407,000 after buying an additional 73,168 shares in the last quarter. Schneider Downs Wealth Management Advisors LP increased its position in shares of Federated Hermes by 39.2% in the 4th quarter. Schneider Downs Wealth Management Advisors LP now owns 4,504,318 shares of the company’s stock valued at $163,552,000 after buying an additional 1,269,097 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Federated Hermes by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,270,015 shares of the company’s stock valued at $75,182,000 after buying an additional 15,260 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Federated Hermes by 6.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,190,575 shares of the company’s stock valued at $74,611,000 after buying an additional 126,825 shares in the last quarter. Institutional investors own 78.82% of the company’s stock.

Insider Transactions at Federated Hermes

In other news, insider Richard A. Novak sold 985 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $39.39, for a total transaction of $38,799.15. Following the completion of the transaction, the insider now directly owns 46,854 shares in the company, valued at approximately $1,845,579.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Richard A. Novak sold 985 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $39.39, for a total transaction of $38,799.15. Following the completion of the transaction, the insider now directly owns 46,854 shares in the company, valued at approximately $1,845,579.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Saker Anwar Nusseibeh sold 9,933 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $39.12, for a total transaction of $388,578.96. Following the completion of the sale, the chief executive officer now owns 256,569 shares of the company’s stock, valued at $10,036,979.28. The disclosure for this sale can be found here. Insiders sold a total of 21,417 shares of company stock worth $833,461 in the last three months. Insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. StockNews.com assumed coverage on shares of Federated Hermes in a research report on Thursday. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Federated Hermes from $42.00 to $44.00 in a research report on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.13.

Federated Hermes Stock Down 0.9 %

NYSE FHI traded down $0.37 on Friday, reaching $39.71. The company had a trading volume of 4,673,161 shares, compared to its average volume of 882,436. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 14.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.81 and a current ratio of 2.53. Federated Hermes, Inc. has a 1-year low of $27.88 and a 1-year high of $41.20. The company’s fifty day moving average is $39.25 and its 200-day moving average is $36.50.

Federated Hermes (NYSE:FHI – Get Rating) last announced its earnings results on Thursday, January 26th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. Federated Hermes had a net margin of 16.57% and a return on equity of 26.80%. The firm had revenue of $373.90 million during the quarter, compared to analyst estimates of $381.41 million. On average, research analysts forecast that Federated Hermes, Inc. will post 3.22 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 8th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.72%. Federated Hermes’s dividend payout ratio is 40.60%.

Federated Hermes Company Profile

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Federated Hermes, Inc is engaged in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, federated funds, and separate accounts which include separately managed accounts, institutional accounts, sub-advised funds and other managed products in both domestic and international markets.