Federated Hermes, Inc. (NYSE:FHI) VP Paul A. Uhlman Sells 6,311 Shares

Federated Hermes, Inc. (NYSE:FHI) VP Paul A. Uhlman sold 6,311 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total transaction of $261,212.29. Following the transaction, the vice president now directly owns 310,767 shares of the company’s stock, valued at $12,862,646.13. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Federated Hermes Stock Performance

Shares of FHI stock opened at $41.41 on Thursday. The company has a 50-day simple moving average of $38.38 and a 200 day simple moving average of $35.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.15 and a beta of 1.15. Federated Hermes, Inc. has a 52 week low of $31.08 and a 52 week high of $42.56.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The business had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. During the same period last year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that Federated Hermes, Inc. will post 3.88 earnings per share for the current year.

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s dividend payout ratio is 39.87%.

Institutional Trading of Federated Hermes

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings 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. bought a new position in Federated Hermes during the 2nd quarter worth $47,000. CWM LLC raised its holdings in Federated Hermes by 985.7% in the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after acquiring an additional 1,311 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after acquiring an additional 296 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of Federated Hermes during the 3rd quarter worth $60,000. Institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

FHI has been the topic of a number of recent research reports. StockNews.com raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Monday. Evercore ISI upped their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $46.00 in a research note on Monday, October 28th. UBS Group upped their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

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.