GAMMA Investing LLC Has $70,000 Holdings in Federated Hermes, Inc. (NYSE:FHI)

GAMMA Investing LLC raised its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 60.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,707 shares of the company’s stock after purchasing an additional 646 shares during the period. GAMMA Investing LLC’s holdings in Federated Hermes were worth $70,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Neo Ivy Capital Management bought a new position in Federated Hermes during the third quarter valued at approximately $60,000. 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 during the last quarter. CWM LLC raised its holdings in shares of Federated Hermes by 74.7% during the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock valued at $93,000 after purchasing an additional 1,079 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Federated Hermes by 23.3% in the 2nd quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock valued at $111,000 after purchasing an additional 643 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Federated Hermes in the third quarter worth $113,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Stock Performance

Shares of NYSE FHI opened at $38.39 on Friday. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.14 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.19 and a beta of 1.16. The business’s 50 day moving average is $41.59 and its two-hundred day moving average is $37.39.

Federated Hermes (NYSE:FHI) last released 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. The business had revenue of $408.46 million for the quarter, compared to the consensus estimate of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.86 earnings per share. On average, equities analysts expect that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.23%. Federated Hermes’s payout ratio is currently 39.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 target price (down from $45.00) on shares of Federated Hermes in a report on Wednesday. UBS Group raised their price objective on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada upped their target price on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. Finally, TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $46.00 in a report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.17.

Insider Buying and Selling

In other news, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total value of $199,450.00. Following the sale, the vice president now owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. This represents a 6.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the vice president now 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 disclosure for this sale can be found here. Insiders sold 29,280 shares of company stock valued at $1,185,871 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

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.