DGS Capital Management LLC Grows Position in Federated Hermes, Inc. (NYSE:FHI)

DGS Capital Management LLC lifted its position in Federated Hermes, Inc. (NYSE:FHI) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,204 shares of the company’s stock after acquiring an additional 1,489 shares during the quarter. DGS Capital Management LLC’s holdings in Federated Hermes were worth $913,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted 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 worth $39,000 after buying an additional 349 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Federated Hermes in the 4th quarter worth $53,000. Neo Ivy Capital Management bought a new stake in shares of Federated Hermes in the third quarter worth $60,000. CWM LLC increased its position in Federated Hermes by 74.7% during the third quarter. CWM LLC now owns 2,523 shares of the company’s stock valued at $93,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Federated Hermes in the third quarter valued at about $113,000. 75.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Federated Hermes news, VP Paul A. Uhlman sold 6,311 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total value of $261,212.29. Following the completion of the sale, the vice president now directly owns 310,767 shares of the company’s stock, valued at $12,862,646.13. The trade was a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total transaction of $56,523.61. Following the transaction, the insider now owns 53,837 shares in the company, valued at $2,232,620.39. This represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,280 shares of company stock worth $1,185,871 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $38.65 on Friday. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03. The firm has a market capitalization of $3.16 billion, a PE ratio of 12.43, a P/E/G ratio of 1.39 and a beta of 1.16. The business’s fifty day moving average price is $40.93 and its two-hundred day moving average price is $37.73.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. On average, research analysts expect that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Wall Street Analyst Weigh In

FHI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada increased their price target on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. UBS Group lifted their price target on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.00 to $46.00 in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.17.

Federated Hermes 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.