Dolores D. Dudiak Sells 5,000 Shares of Federated Hermes, Inc. (NYSE:FHI) Stock

Federated Hermes, Inc. (NYSE:FHI) VP Dolores D. Dudiak sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the sale, the vice president now directly owns 77,288 shares in the company, valued at approximately $3,083,018.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Federated Hermes Stock Down 0.4 %

Federated Hermes stock opened at $40.14 on Friday. The company’s 50-day moving average price is $36.33 and its two-hundred day moving average price is $34.32. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.18 and a beta of 1.16. Federated Hermes, Inc. has a 52 week low of $31.08 and a 52 week high of $40.65. The company has a current ratio of 2.75, a quick ratio of 2.09 and a debt-to-equity ratio of 0.34.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. The business had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. Federated Hermes had a net margin of 15.90% and a return on equity of 28.60%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. On average, analysts expect that Federated Hermes, Inc. will post 3.68 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be issued a $0.31 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.09%. Federated Hermes’s dividend payout ratio (DPR) is 35.23%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FHI. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $46.00 in a research note on Monday. UBS Group boosted their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Evercore ISI boosted their price objective on Federated Hermes from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada raised their target price on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its holdings in Federated Hermes by 3.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock valued at $336,000 after acquiring an additional 275 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Federated Hermes by 26.0% in the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after purchasing an additional 296 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Federated Hermes by 30.5% during 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. GAMMA Investing LLC lifted its stake in Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after purchasing an additional 349 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Federated Hermes by 23.3% during the second quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock worth $111,000 after buying an additional 643 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

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.