Federated Hermes (NYSE:FHI) VP Sells 4,000 Shares

Federated Hermes, Inc. (NYSE:FHI) VP Bryan Burke sold 4,000 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.20, for a total transaction of $216,800.00. Following the completion of the sale, the vice president owned 74,921 shares of the company’s stock, valued at $4,060,718.20. The trade was a 5.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Federated Hermes Stock Performance

NYSE:FHI traded up $1.52 during midday trading on Friday, reaching $55.86. The stock had a trading volume of 796,384 shares, compared to its average volume of 768,766. The stock has a market capitalization of $4.24 billion, a P/E ratio of 10.83, a PEG ratio of 2.18 and a beta of 0.67. Federated Hermes, Inc. has a 1-year low of $41.55 and a 1-year high of $59.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.28 and a quick ratio of 2.30. The firm’s fifty day simple moving average is $56.62 and its 200-day simple moving average is $53.53.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The firm had revenue of $478.96 million during the quarter, compared to analyst estimates of $475.22 million. During the same quarter in the previous year, the business earned $1.25 EPS. The business’s revenue was up 13.1% on a year-over-year basis. On average, equities research analysts forecast that Federated Hermes, Inc. will post 5.08 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 8th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.52 annualized dividend and a dividend yield of 2.7%. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s payout ratio is presently 29.46%.

Hedge Funds Weigh In On Federated Hermes

Large investors have recently added to or reduced their stakes in the company. Seizert Capital Partners LLC lifted its position in Federated Hermes by 47.2% in the third quarter. Seizert Capital Partners LLC now owns 82,524 shares of the company’s stock worth $4,285,000 after purchasing an additional 26,459 shares during the period. Jupiter Asset Management Ltd. raised its stake in shares of Federated Hermes by 2,427.2% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 527,368 shares of the company’s stock valued at $27,386,000 after buying an additional 506,500 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Federated Hermes by 3,592.3% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 46,412 shares of the company’s stock valued at $2,410,000 after buying an additional 45,155 shares in the last quarter. Vest Financial LLC bought a new stake in Federated Hermes in the third quarter valued at about $1,397,000. Finally, Allianz Asset Management GmbH increased its stake in Federated Hermes by 19.9% in the third quarter. Allianz Asset Management GmbH now owns 1,008,221 shares of the company’s stock valued at $52,357,000 after acquiring an additional 167,225 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen downgraded Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research report on Tuesday, April 21st. TD Cowen dropped their target price on shares of Federated Hermes from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday. Royal Bank Of Canada cut their target price on shares of Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating for the company in a report on Monday. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $54.00.

Federated Hermes Company Profile

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.