Insider Selling: Federated Hermes, Inc. (NYSE:FHI) VP Sells 6,311 Shares of Stock

Federated Hermes, Inc. (NYSE:FHI) VP Paul A. Uhlman sold 6,311 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total transaction of $261,212.29. Following the completion of the transaction, the vice president now 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 is accessible through the SEC website.

Federated Hermes Price Performance

Shares of FHI opened at $41.71 on Friday. The firm has a market cap of $3.41 billion, a PE ratio of 13.41, a PEG ratio of 1.15 and a beta of 1.15. The firm’s 50 day moving average price is $38.53 and its 200 day moving average price is $35.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. Federated Hermes, Inc. has a twelve month low of $31.08 and a twelve month high of $42.56.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $410.26 million. During the same quarter last year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, research analysts expect that Federated Hermes, Inc. will post 3.88 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.97%. Federated Hermes’s payout ratio is 39.87%.

Analysts Set New Price Targets

Several research analysts have commented on FHI shares. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and raised their target price for the stock from $35.00 to $46.00 in a report on Monday, October 28th. Royal Bank of Canada increased their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. UBS Group increased their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI increased 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

Institutional Investors Weigh In On Federated Hermes

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue grew its stake in shares of Federated Hermes by 3.1% in the third quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock worth $336,000 after acquiring an additional 275 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Federated Hermes by 26.0% in the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after acquiring an additional 296 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Federated Hermes by 2.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock worth $612,000 after acquiring an additional 340 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after acquiring an additional 349 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Federated Hermes by 23.3% in the second quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock worth $111,000 after acquiring an additional 643 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.