DGS Capital Management LLC Purchases 1,489 Shares of Federated Hermes, Inc. (NYSE:FHI)

DGS Capital Management LLC boosted its holdings in Federated Hermes, Inc. (NYSE:FHI) by 7.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,204 shares of the company’s stock after purchasing an additional 1,489 shares during the quarter. DGS Capital Management LLC’s holdings in Federated Hermes were worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of 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 during the period. Sound Income Strategies LLC acquired a new stake in Federated Hermes during the fourth quarter worth about $53,000. Neo Ivy Capital Management bought a new position in Federated Hermes in the 3rd quarter valued at about $60,000. CWM LLC raised its position in shares of Federated Hermes by 74.7% in the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock valued at $93,000 after buying an additional 1,079 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Federated Hermes during the 3rd quarter worth approximately $113,000. Institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

FHI has been the topic of a number of recent analyst reports. TD Cowen upgraded 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, October 28th. UBS Group increased their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $42.00 price objective (down previously from $49.00) on shares of Federated Hermes in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Federated Hermes currently has a consensus rating of “Hold” and a consensus target price of $42.17.

Insiders Place Their Bets

In related news, VP Dolores D. Dudiak sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the sale, the vice president now directly owns 77,288 shares in the company, valued at approximately $3,083,018.32. This trade represents a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $7,138,766.56. The trade was a 6.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,280 shares of company stock worth $1,185,871 in the last three months. 3.70% of the stock is owned by insiders.

Federated Hermes Stock Performance

NYSE:FHI opened at $38.65 on Friday. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.39 and a beta of 1.16. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The firm’s fifty day simple moving average is $40.93 and its 200 day simple moving average is $37.73.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.14. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The company had revenue of $408.46 million during the quarter, compared to the consensus estimate of $410.26 million. During the same quarter last year, the company earned $0.86 earnings per share. Federated Hermes’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts expect that Federated Hermes, Inc. will post 3.88 earnings per share for the current fiscal year.

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.