Insider Selling: Federated Hermes, Inc. (NYSE:FHI) VP Sells 5,000 Shares of Stock

Federated Hermes, Inc. (NYSE:FHI) VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction dated 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 transaction, the vice president now directly owns 77,288 shares in the company, valued at $3,083,018.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Federated Hermes Trading Down 0.4 %

Shares of NYSE:FHI opened at $40.14 on Friday. The firm has a fifty day moving average of $36.33 and a two-hundred day moving average of $34.32. The company has a quick ratio of 2.09, a current ratio of 2.75 and a debt-to-equity ratio of 0.34. Federated Hermes, Inc. has a 12-month low of $31.08 and a 12-month high of $40.65. The firm has a market capitalization of $3.32 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16.

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

Federated Hermes Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Royal Bank of Canada boosted their target price on shares of Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday. UBS Group raised their target price on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and upped their price target for the company from $35.00 to $46.00 in a research report on Monday. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Federated Hermes currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Institutional Trading of Federated Hermes

Institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC increased its stake in shares of Federated Hermes by 607.7% during the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock worth $30,000 after purchasing an additional 711 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after purchasing an additional 349 shares in the last quarter. Mather Group LLC. acquired a new position in Federated Hermes during the second quarter worth $47,000. CWM LLC raised its holdings in Federated Hermes by 985.7% during the second quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after buying an additional 1,311 shares in the last quarter. Finally, UMB Bank n.a. lifted 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 worth $47,000 after buying an additional 296 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

About Federated Hermes

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.