Healthcare of Ontario Pension Plan Trust Fund Lowers Holdings in Federated Hermes, Inc. $FHI

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 23.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 116,666 shares of the company’s stock after selling 34,934 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Federated Hermes were worth $6,616,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Torren Management LLC bought a new stake in shares of Federated Hermes in the fourth quarter valued at about $25,000. Root Financial Partners LLC grew its holdings in Federated Hermes by 71.0% during the 1st quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock worth $32,000 after acquiring an additional 237 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Federated Hermes by 119.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company’s stock worth $38,000 after acquiring an additional 401 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Federated Hermes by 145.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 848 shares of the company’s stock valued at $44,000 after purchasing an additional 503 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Federated Hermes by 220.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 863 shares of the company’s stock valued at $45,000 after purchasing an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insider Buying and Selling

In related news, VP Bryan M. Burke sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $54.20, for a total transaction of $216,800.00. Following the completion of the transaction, the vice president owned 74,921 shares in the company, valued at $4,060,718.20. The trade was a 5.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $57.34, for a total transaction of $513,193.00. Following the sale, the chief executive officer directly owned 151,276 shares of the company’s stock, valued at $8,674,165.84. The trade was a 5.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is owned by insiders.

Federated Hermes Stock Performance

Shares of Federated Hermes stock opened at $60.16 on Thursday. The company has a market capitalization of $4.57 billion, a PE ratio of 11.66, a P/E/G ratio of 1.64 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.28. The company has a 50-day simple moving average of $57.53 and a two-hundred day simple moving average of $56.18. Federated Hermes, Inc. has a one year low of $46.66 and a one year high of $61.01.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.20 by $0.07. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The business had revenue of $478.96 million during the quarter, compared to analyst estimates of $475.22 million. During the same period in the prior year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Research analysts expect that Federated Hermes, Inc. will post 5.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. TD Cowen cut their price objective on shares of Federated Hermes from $58.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Wall Street Zen downgraded shares of Federated Hermes from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a report on Friday, July 17th. Finally, Royal Bank Of Canada upped their target price on Federated Hermes from $54.00 to $57.00 and gave the stock a “sector perform” rating in a report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $55.75.

About Federated Hermes

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.