Federated Hermes, Inc. (NYSE:FHI) VP Sells $261,212.29 in Stock

Federated Hermes, Inc. (NYSE:FHI) VP Paul A. Uhlman sold 6,311 shares of the 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 directly owns 310,767 shares of the company’s stock, valued at $12,862,646.13. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Federated Hermes Stock Performance

Shares of Federated Hermes stock opened at $41.41 on Thursday. The business has a 50-day simple moving average of $38.38 and a 200 day simple moving average of $35.04. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.15 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03. Federated Hermes, Inc. has a one year low of $31.08 and a one year high of $42.56.

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

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.99%. Federated Hermes’s payout ratio is 39.87%.

Analysts Set New Price Targets

A number of analysts have weighed in on FHI shares. StockNews.com upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Monday. TD Cowen raised 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 research report on Monday, October 28th. UBS Group increased their price target on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Evercore ISI increased their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Hedge Funds Weigh In On Federated Hermes

A number of hedge funds have recently bought and sold shares of FHI. GAMMA Investing LLC increased its stake 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 buying an additional 349 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Federated Hermes during the second quarter valued at approximately $47,000. UMB Bank n.a. lifted its holdings in Federated Hermes by 26.0% during 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 period. CWM LLC grew its stake in Federated Hermes by 985.7% in the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after purchasing an additional 1,311 shares during the period. Finally, Neo Ivy Capital Management bought a new position in Federated Hermes in the 3rd quarter valued at $60,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

About Federated Hermes

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.