Country Club Bank Decreases Position in Federated Hermes, Inc. $FHI

Country Club Bank lowered its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 31.4% during the third quarter, Holdings Channel reports. The fund owned 100,538 shares of the company’s stock after selling 45,993 shares during the period. Country Club Bank’s holdings in Federated Hermes were worth $5,220,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. AdvisorNet Financial Inc acquired a new stake in Federated Hermes in the 2nd quarter valued at about $44,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Federated Hermes during the second quarter worth approximately $46,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Federated Hermes during the second quarter worth approximately $56,000. Northwestern Mutual Wealth Management Co. lifted its stake in Federated Hermes by 22.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company’s stock worth $63,000 after acquiring an additional 287 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Federated Hermes by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,567 shares of the company’s stock worth $69,000 after acquiring an additional 679 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insider Transactions at Federated Hermes

In related news, VP Dolores D. Dudiak sold 999 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total transaction of $47,822.13. Following the completion of the sale, the vice president owned 88,223 shares in the company, valued at $4,223,235.01. This represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard A. Novak sold 1,249 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $47.85, for a total transaction of $59,764.65. Following the transaction, the insider directly owned 57,500 shares in the company, valued at $2,751,375. The trade was a 2.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 21,709 shares of company stock worth $1,049,146. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FHI shares. TD Cowen raised their price objective on shares of Federated Hermes from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a report on Wednesday, October 8th. Evercore ISI increased their price objective on Federated Hermes from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Zacks Research lowered Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Wall Street Zen downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Friday, November 28th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Federated Hermes currently has a consensus rating of “Hold” and a consensus target price of $49.67.

Federated Hermes Stock Performance

Shares of FHI stock opened at $52.68 on Thursday. The stock’s 50-day moving average is $50.15 and its two-hundred day moving average is $49.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.58 and a current ratio of 3.13. Federated Hermes, Inc. has a 1 year low of $35.05 and a 1 year high of $54.42. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.55 and a beta of 0.76.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, October 30th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.23. The firm had revenue of $469.45 million during the quarter, compared to analysts’ expectations of $442.67 million. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%.The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. Analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, November 7th. Federated Hermes’s dividend payout ratio is presently 28.39%.

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.