MFA Wealth Advisors LLC Purchases 2,400 Shares of Federated Hermes, Inc. $FHI

MFA Wealth Advisors LLC raised its position in Federated Hermes, Inc. (NYSE:FHI) by 10.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,950 shares of the company’s stock after acquiring an additional 2,400 shares during the quarter. MFA Wealth Advisors LLC’s holdings in Federated Hermes were worth $1,150,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Federated Hermes by 246.6% in the first quarter. Farther Finance Advisors LLC now owns 863 shares of the company’s stock valued at $35,000 after acquiring an additional 614 shares during the period. AdvisorNet Financial Inc bought a new position in Federated Hermes in the second quarter valued at about $44,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 buying an additional 287 shares during the period. Virtus Advisers LLC bought a new position in shares of Federated Hermes in the first quarter worth about $72,000. Finally, UMB Bank n.a. raised its stake in shares of Federated Hermes by 55.1% in the first quarter. UMB Bank n.a. now owns 2,065 shares of the company’s stock worth $84,000 after buying an additional 734 shares during the period. Institutional investors own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FHI. Zacks Research downgraded Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Evercore ISI raised their price objective on Federated Hermes from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Wall Street Zen downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Royal Bank Of Canada raised their price objective on Federated Hermes from $45.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised Federated Hermes from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $40.00 to $54.00 in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.17.

Federated Hermes Price Performance

Shares of Federated Hermes stock opened at $52.50 on Tuesday. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.70 and a beta of 0.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.37. The stock has a 50 day moving average price of $51.52 and a 200-day moving average price of $44.85. Federated Hermes, Inc. has a one year low of $35.05 and a one year high of $54.42.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, July 31st. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.17. The firm had revenue of $424.84 million during the quarter, compared to analysts’ expectations of $424.83 million. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%.The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. Equities analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a $0.34 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.6%. Federated Hermes’s payout ratio is 30.16%.

Federated Hermes 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.