International Assets Investment Management LLC Invests $679,000 in Federated Hermes, Inc. (NYSE:FHI)

International Assets Investment Management LLC acquired a new position in Federated Hermes, Inc. (NYSE:FHI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,045 shares of the company’s stock, valued at approximately $679,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Federated Hermes by 87.9% in the third quarter. Wellington Management Group LLP now owns 1,139,694 shares of the company’s stock worth $38,601,000 after purchasing an additional 533,083 shares during the last quarter. Graham Capital Management L.P. increased its position in shares of Federated Hermes by 54.4% during the third quarter. Graham Capital Management L.P. now owns 99,425 shares of the company’s stock valued at $3,368,000 after acquiring an additional 35,032 shares during the last quarter. FMR LLC increased its position in shares of Federated Hermes by 12.6% during the third quarter. FMR LLC now owns 5,033,058 shares of the company’s stock valued at $170,470,000 after acquiring an additional 562,232 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Federated Hermes during the third quarter valued at approximately $1,016,000. Finally, Cambria Investment Management L.P. increased its position in shares of Federated Hermes by 8.5% during the third quarter. Cambria Investment Management L.P. now owns 236,182 shares of the company’s stock valued at $7,999,000 after acquiring an additional 18,438 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Paul A. Uhlman sold 13,820 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $36.20, for a total transaction of $500,284.00. Following the completion of the transaction, the vice president now directly owns 276,084 shares in the company, valued at $9,994,240.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Paul A. Uhlman sold 13,820 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $36.20, for a total value of $500,284.00. Following the completion of the sale, the vice president now owns 276,084 shares of the company’s stock, valued at approximately $9,994,240.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Paul A. Uhlman sold 90,745 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $35.26, for a total value of $3,199,668.70. Following the completion of the sale, the vice president now directly owns 289,904 shares of the company’s stock, valued at approximately $10,222,015.04. The disclosure for this sale can be found here. Insiders sold a total of 115,435 shares of company stock worth $4,092,831 over the last ninety days. 3.70% of the stock is owned by corporate insiders.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $34.98 on Thursday. The stock has a market cap of $2.95 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.83 and a beta of 1.12. Federated Hermes, Inc. has a fifty-two week low of $30.23 and a fifty-two week high of $43.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.89 and a current ratio of 2.51. The stock has a fifty day moving average of $35.67 and a 200-day moving average of $34.11.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Friday, January 26th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.12. The company had revenue of $391.50 million during the quarter, compared to analysts’ expectations of $396.97 million. Federated Hermes had a return on equity of 26.76% and a net margin of 18.58%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. Equities research analysts anticipate that Federated Hermes, Inc. will post 3.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on FHI shares. Royal Bank of Canada increased their price target on Federated Hermes from $36.00 to $37.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. increased their price objective on Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. UBS Group raised their target price on Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, TD Cowen started coverage on Federated Hermes in a research report on Thursday, January 4th. They issued a “market perform” rating and a $32.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Federated Hermes presently has a consensus rating of “Moderate Buy” and an average price target of $38.50.

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.