Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 11.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,449 shares of the company’s stock after selling 1,075 shares during the quarter. Federated Hermes Inc.’s holdings in Federated Hermes were worth $278,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC lifted its stake in shares of Federated Hermes by 607.7% in the first quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock worth $30,000 after buying an additional 711 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Federated Hermes in the second quarter valued at approximately $47,000. Hexagon Capital Partners LLC increased its holdings in shares of Federated Hermes by 30.5% in the first quarter. Hexagon Capital Partners LLC now owns 1,358 shares of the company’s stock valued at $49,000 after purchasing an additional 317 shares during the last quarter. Neo Ivy Capital Management lifted its position in Federated Hermes by 637.5% during the fourth quarter. Neo Ivy Capital Management now owns 1,416 shares of the company’s stock worth $48,000 after buying an additional 1,224 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake 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 buying an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group cut their target price on Federated Hermes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Evercore ISI reduced their target price on shares of Federated Hermes from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. StockNews.com downgraded shares of Federated Hermes from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, TD Cowen decreased their price objective on Federated Hermes from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.67.

Federated Hermes Price Performance

Federated Hermes stock opened at $37.30 on Wednesday. The company’s 50 day simple moving average is $34.22 and its 200-day simple moving average is $33.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.09 and a current ratio of 2.75. Federated Hermes, Inc. has a 1 year low of $30.23 and a 1 year high of $37.43. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, July 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. Federated Hermes had a return on equity of 28.60% and a net margin of 15.90%. The company had revenue of $402.60 million for the quarter, compared to analyst estimates of $400.35 million. During the same quarter in the previous year, the company earned $0.81 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, equities research analysts expect that Federated Hermes, Inc. will post 3.62 earnings per share for the current year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 8th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.32%. This is a boost from Federated Hermes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, August 8th. Federated Hermes’s dividend payout ratio (DPR) is 35.23%.

Insider Buying and Selling at Federated Hermes

In other news, VP John B. Fisher sold 79,830 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.71, for a total transaction of $2,611,239.30. Following the sale, the vice president now owns 442,570 shares of the company’s stock, valued at $14,476,464.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

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.