Federated Hermes, Inc. (NYSE:FHI) VP Dolores D. Dudiak Sells 5,000 Shares

Federated Hermes, Inc. (NYSE:FHI) VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the transaction, the vice president now directly owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Federated Hermes Trading Up 1.5 %

Shares of NYSE:FHI opened at $40.29 on Thursday. Federated Hermes, Inc. has a 52-week low of $31.08 and a 52-week high of $40.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.09 and a current ratio of 2.75. The company has a market capitalization of $3.33 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. The company has a 50-day simple moving average of $36.21 and a 200 day simple moving average of $34.28.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 28.60% and a net margin of 15.90%. The company had revenue of $408.46 million during the quarter, compared to the consensus estimate of $410.26 million. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that Federated Hermes, Inc. will post 3.68 earnings per share for the current year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be issued a $0.31 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.08%. Federated Hermes’s dividend payout ratio is currently 35.23%.

Analyst Upgrades and Downgrades

FHI has been the topic of a number of research reports. JPMorgan Chase & Co. boosted 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. StockNews.com upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $46.00 in a research report on Monday. Royal Bank of Canada increased their price target on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, Evercore ISI boosted their price target on Federated Hermes from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.00.

Institutional Trading of Federated Hermes

A number of hedge funds have recently modified their holdings of FHI. Headlands Technologies LLC raised its holdings in Federated Hermes by 607.7% in the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after acquiring an additional 711 shares during the period. GAMMA Investing LLC increased its stake in shares of Federated Hermes by 49.0% during 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 during the period. Mather Group LLC. acquired a new stake in Federated Hermes during the 2nd quarter worth approximately $47,000. Hexagon Capital Partners LLC boosted its stake in Federated Hermes by 30.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,358 shares of the company’s stock valued at $49,000 after purchasing an additional 317 shares during the period. Finally, UMB Bank n.a. grew its holdings in Federated Hermes by 26.0% in the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after buying an additional 296 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.