Taylor Frigon Capital Management LLC Lowers Position in Federated Hermes, Inc. (NYSE:FHI)

Taylor Frigon Capital Management LLC cut its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,171 shares of the company’s stock after selling 1,171 shares during the quarter. Taylor Frigon Capital Management LLC owned about 0.05% of Federated Hermes worth $1,661,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FHI. DGS Capital Management LLC raised its holdings in Federated Hermes by 83.3% in the first quarter. DGS Capital Management LLC now owns 16,972 shares of the company’s stock valued at $613,000 after buying an additional 7,714 shares during the period. Janiczek Wealth Management LLC lifted its holdings in shares of Federated Hermes by 74.9% during the 1st quarter. Janiczek Wealth Management LLC now owns 6,804 shares of the company’s stock valued at $246,000 after acquiring an additional 2,913 shares in the last quarter. Trivant Custom Portfolio Group LLC purchased a new stake in Federated Hermes during the 1st quarter worth $76,000. Alpha Omega Wealth Management LLC increased its holdings in Federated Hermes by 1.2% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 109,812 shares of the company’s stock valued at $3,966,000 after purchasing an additional 1,289 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its position in Federated Hermes by 30.5% in the first 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. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FHI has been the subject of several analyst reports. Evercore ISI upped their target price on Federated Hermes from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. UBS Group increased their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday. TD Cowen reduced their target price on shares of Federated Hermes from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. StockNews.com raised shares of Federated Hermes from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada boosted their price objective on shares of Federated Hermes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Federated Hermes currently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

Federated Hermes Stock Performance

FHI traded up $0.79 during trading hours on Thursday, hitting $38.82. 153,363 shares of the stock were exchanged, compared to its average volume of 705,440. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.75 and a quick ratio of 2.09. Federated Hermes, Inc. has a 12 month low of $30.23 and a 12 month high of $39.03. The stock has a 50-day simple moving average of $35.63 and a 200-day simple moving average of $34.18. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, July 25th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. The company had revenue of $402.60 million during the quarter, compared to the consensus estimate of $400.35 million. Federated Hermes had a return on equity of 28.60% and a net margin of 15.90%. Federated Hermes’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. Analysts anticipate that Federated Hermes, Inc. will post 3.63 earnings per share for the current year.

Insider Buying and Selling

In other Federated Hermes news, VP John B. Fisher sold 79,830 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.71, for a total value of $2,611,239.30. Following the completion of the transaction, the vice president now owns 442,570 shares in the company, valued at approximately $14,476,464.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.70% of the company’s stock.

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.