SG Americas Securities LLC Takes Position in Federated Hermes, Inc. (NYSE:FHI)

SG Americas Securities LLC bought a new stake in Federated Hermes, Inc. (NYSE:FHI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,793 shares of the company’s stock, valued at approximately $128,000.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC raised its position in shares of Federated Hermes by 69.9% in the third quarter. Signaturefd LLC now owns 834 shares of the company’s stock valued at $28,000 after buying an additional 343 shares during the last quarter. Quarry LP acquired a new stake in shares of Federated Hermes in the second quarter valued at about $29,000. CENTRAL TRUST Co increased its position in Federated Hermes by 310.8% during the third quarter. CENTRAL TRUST Co now owns 1,520 shares of the company’s stock worth $50,000 after purchasing an additional 1,150 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Federated Hermes during the second quarter worth about $51,000. Finally, UniSuper Management Pty Ltd acquired a new stake in Federated Hermes during the second quarter worth about $73,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Trading Down 0.4 %

Shares of FHI stock opened at $35.08 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.51 and a quick ratio of 1.89. The firm has a market cap of $2.96 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.83 and a beta of 1.12. The company has a 50-day moving average of $35.68 and a two-hundred day moving average of $34.04. Federated Hermes, Inc. has a 1-year low of $30.23 and a 1-year high of $45.55.

Federated Hermes (NYSE:FHI) last announced its earnings results on Friday, January 26th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.12. Federated Hermes had a net margin of 18.58% and a return on equity of 26.76%. The company had revenue of $391.50 million during the quarter, compared to analyst estimates of $396.97 million. During the same quarter last year, the firm posted $0.90 earnings per share. Federated Hermes’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Federated Hermes, Inc. will post 3.73 EPS for the current year.

Federated Hermes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Wednesday, February 7th. Federated Hermes’s payout ratio is 32.84%.

Insider Activity

In other news, VP Paul A. Uhlman sold 90,745 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $35.26, for a total value of $3,199,668.70. Following the completion of the transaction, the vice president now owns 289,904 shares of the company’s stock, valued at $10,222,015.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Federated Hermes news, VP Meter Stephen Van sold 1,660 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $36.15, for a total transaction of $60,009.00. Following the sale, the vice president now owns 31,689 shares of the company’s stock, valued at $1,145,557.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Paul A. Uhlman sold 90,745 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the sale, the vice president now directly owns 289,904 shares in the company, valued at approximately $10,222,015.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,435 shares of company stock valued at $4,092,831. 3.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada raised their price objective on shares of Federated Hermes from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. TD Cowen assumed coverage on shares of Federated Hermes in a research report on Thursday, January 4th. They set a “market perform” rating and a $32.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Federated Hermes from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.