Federated Hermes, Inc. (NYSE:FHI) Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 14.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 324,605 shares of the company’s stock after acquiring an additional 41,610 shares during the period. Bank of Montreal Can’s holdings in Federated Hermes were worth $12,007,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FHI. GAMMA Investing LLC grew 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 acquiring an additional 349 shares during the last quarter. CWM LLC lifted its holdings in shares of Federated Hermes by 985.7% in the second quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after purchasing an additional 1,311 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Federated Hermes in the second quarter valued at approximately $47,000. UMB Bank n.a. grew its position in shares of Federated Hermes by 26.0% in the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after purchasing an additional 296 shares during the last quarter. Finally, Headlands Technologies LLC increased its stake in shares of Federated Hermes by 134.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock worth $64,000 after purchasing an additional 1,117 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Federated Hermes Trading Down 0.2 %

Shares of FHI stock opened at $42.75 on Monday. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.23. The firm’s 50-day simple moving average is $39.37 and its 200-day simple moving average is $35.54. The firm has a market cap of $3.50 billion, a P/E ratio of 13.75, a PEG ratio of 1.19 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 (NYSE:FHI) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. The company had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. Federated Hermes’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 EPS. As a group, equities analysts forecast that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Friday, November 8th. Federated Hermes’s dividend payout ratio (DPR) is presently 39.87%.

Insiders Place Their Bets

In other news, VP Dolores D. Dudiak sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the sale, the vice president now owns 77,288 shares in the company, valued at approximately $3,083,018.32. The trade was a 6.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at $7,138,766.56. The trade was a 6.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,280 shares of company stock worth $1,185,871 over the last three months. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FHI has been the topic of a number of analyst reports. UBS Group increased their target price on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $46.00 in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Evercore ISI upped their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

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.