Federated Hermes, Inc. (NYSE:FHI) Short Interest Update

Federated Hermes, Inc. (NYSE:FHI) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,680,000 shares, a growth of 26.4% from the February 13th total of 2,120,000 shares. Currently, 3.5% of the company’s shares are short sold. Based on an average trading volume of 726,200 shares, the short-interest ratio is presently 3.7 days.

Analyst Upgrades and Downgrades

FHI has been the topic of several research reports. Royal Bank of Canada reduced their price objective on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 28th. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 11th. UBS Group raised their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. restated an “underweight” rating and set a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Federated Hermes currently has a consensus rating of “Hold” and a consensus price target of $42.17.

Federated Hermes Stock Down 1.0 %

Shares of NYSE:FHI traded down $0.40 on Tuesday, reaching $39.17. The company had a trading volume of 793,743 shares, compared to its average volume of 652,166. Federated Hermes has a 52-week low of $31.24 and a 52-week high of $43.92. The firm’s 50 day simple moving average is $38.62 and its 200-day simple moving average is $39.03. The firm has a market capitalization of $3.19 billion, a PE ratio of 12.28, a PEG ratio of 1.00 and a beta of 1.10. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. As a group, analysts expect that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.17%. Federated Hermes’s payout ratio is 38.87%.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Federated Hermes

A number of institutional investors have recently made changes to their positions in the business. Walleye Capital LLC boosted its position in shares of Federated Hermes by 4.1% in the 4th quarter. Walleye Capital LLC now owns 6,877 shares of the company’s stock worth $283,000 after purchasing an additional 269 shares in the last quarter. Amalgamated Bank boosted its position in shares of Federated Hermes by 1.0% in the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock worth $1,341,000 after purchasing an additional 313 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Federated Hermes by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock worth $612,000 after purchasing an additional 340 shares in the last quarter. MBM Wealth Consultants LLC boosted its position in shares of Federated Hermes by 6.8% in the 4th quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock worth $306,000 after purchasing an additional 474 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Federated Hermes by 4.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,324 shares of the company’s stock worth $424,000 after purchasing an additional 474 shares in 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.