Federated Hermes, Inc. (NYSE:FHI) VP Dolores D. Dudiak sold 3,000 shares of the business’s stock in a transaction on Friday, August 20th. The stock was sold at an average price of $33.30, for a total value of $99,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
FHI stock opened at $31.23 on Wednesday. Federated Hermes, Inc. has a twelve month low of $20.34 and a twelve month high of $34.74. The company has a quick ratio of 1.85, a current ratio of 2.65 and a debt-to-equity ratio of 0.06. The firm has a market cap of $3.05 billion, a PE ratio of 10.11 and a beta of 1.16. The business has a 50 day moving average of $32.89 and a 200 day moving average of $32.00.
Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, July 29th. The company reported $0.67 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.67. Federated Hermes had a return on equity of 27.94% and a net margin of 22.55%. On average, research analysts expect that Federated Hermes, Inc. will post 2.85 earnings per share for the current fiscal year.
FHI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on Federated Hermes from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Monday, July 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded Federated Hermes from a “sell” rating to a “hold” rating and set a $36.00 target price on the stock in a research note on Wednesday, June 30th. Finally, Citigroup increased their price objective on Federated Hermes from $31.50 to $33.50 and gave the company a “neutral” rating in a research report on Monday, July 12th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.88.
Hedge funds have recently modified their holdings of the company. US Bancorp DE grew its stake in shares of Federated Hermes by 15.7% during the first quarter. US Bancorp DE now owns 6,229 shares of the company’s stock valued at $194,000 after buying an additional 843 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Federated Hermes in the 1st quarter valued at $39,000. State of Michigan Retirement System grew its position in Federated Hermes by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 34,849 shares of the company’s stock worth $1,091,000 after purchasing an additional 500 shares during the period. Victory Capital Management Inc. grew its position in Federated Hermes by 122.6% during the 1st quarter. Victory Capital Management Inc. now owns 440,312 shares of the company’s stock worth $13,781,000 after purchasing an additional 242,466 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Federated Hermes by 5.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 565,282 shares of the company’s stock worth $17,693,000 after purchasing an additional 30,375 shares during the period. 80.46% of the stock is currently owned by hedge funds and other institutional investors.
About Federated Hermes
Federated Hermes, Inc engages 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 (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets.
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