Dolores D. Dudiak Sells 5,000 Shares of Federated Hermes, Inc. (NYSE:FHI) Stock

Federated Hermes, Inc. (NYSE:FHI) VP Dolores D. Dudiak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the sale, the vice president now owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Federated Hermes Stock Up 1.5 %

Shares of NYSE FHI opened at $40.29 on Thursday. The stock has a 50-day moving average price of $36.21 and a two-hundred day moving average price of $34.28. Federated Hermes, Inc. has a 12 month low of $31.08 and a 12 month high of $40.36. The company has a current ratio of 2.75, a quick ratio of 2.09 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.18 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.92 by $0.14. The business had revenue of $408.46 million during the quarter, compared to the consensus estimate of $410.26 million. Federated Hermes had a net margin of 15.90% and a return on equity of 28.60%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 EPS. As a group, analysts forecast that Federated Hermes, Inc. will post 3.68 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, November 8th. Federated Hermes’s dividend payout ratio (DPR) is 35.23%.

Hedge Funds Weigh In On Federated Hermes

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in shares of Federated Hermes by 3.1% during the third quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock valued at $336,000 after purchasing an additional 275 shares in the last quarter. UMB Bank n.a. boosted its position in Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after buying an additional 296 shares during the period. Hexagon Capital Partners LLC grew its holdings in Federated Hermes by 30.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,358 shares of the company’s stock worth $49,000 after acquiring an additional 317 shares during the last quarter. GAMMA Investing LLC increased its position in Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after acquiring an additional 349 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Federated Hermes by 23.3% during the second quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock valued at $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.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $46.00 in a research report on Monday. UBS Group raised their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, StockNews.com raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Federated Hermes currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

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.