CW Advisors LLC Acquires 12,744 Shares of Federated Hermes, Inc. $FHI

CW Advisors LLC increased its stake in Federated Hermes, Inc. (NYSE:FHI) by 177.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 19,912 shares of the company’s stock after buying an additional 12,744 shares during the period. CW Advisors LLC’s holdings in Federated Hermes were worth $882,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its position in Federated Hermes by 21.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 852,594 shares of the company’s stock worth $37,787,000 after acquiring an additional 152,134 shares during the period. Quantbot Technologies LP bought a new stake in shares of Federated Hermes in the 2nd quarter worth approximately $1,132,000. MBM Wealth Consultants LLC lifted its stake in Federated Hermes by 6.6% in the second quarter. MBM Wealth Consultants LLC now owns 9,171 shares of the company’s stock valued at $406,000 after purchasing an additional 568 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in Federated Hermes by 0.5% in the second quarter. Panagora Asset Management Inc. now owns 91,108 shares of the company’s stock valued at $4,038,000 after purchasing an additional 473 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Federated Hermes by 31.5% during the second quarter. Hsbc Holdings PLC now owns 47,884 shares of the company’s stock valued at $2,115,000 after purchasing an additional 11,468 shares during the period. Institutional investors own 75.94% of the company’s stock.

Insider Transactions at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $48.54, for a total value of $728,100.00. Following the transaction, the chief executive officer directly owned 157,039 shares in the company, valued at approximately $7,622,673.06. This represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard A. Novak sold 1,249 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $59,764.65. Following the completion of the sale, the insider directly owned 57,500 shares in the company, valued at $2,751,375. This represents a 2.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 21,709 shares of company stock valued at $1,049,146. 3.80% of the stock is owned by corporate insiders.

Federated Hermes Stock Down 1.3%

FHI opened at $50.19 on Tuesday. The firm has a market capitalization of $3.89 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 0.54 and a beta of 0.76. Federated Hermes, Inc. has a one year low of $35.05 and a one year high of $54.42. The company has a fifty day moving average price of $50.14 and a 200-day moving average price of $48.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.13 and a quick ratio of 2.58.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.23. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%.The company had revenue of $469.45 million for the quarter, compared to the consensus estimate of $442.67 million. During the same quarter last year, the business posted $1.06 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. Equities research analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, November 7th. Federated Hermes’s dividend payout ratio (DPR) is 28.39%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FHI. Wall Street Zen cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. Royal Bank Of Canada upped their price objective on shares of Federated Hermes from $45.00 to $51.00 and gave the company a “sector perform” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their target price on shares of Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. Finally, Cowen reaffirmed a “hold” rating on shares of Federated Hermes in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.67.

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.