Dolores Dudiak Sells 999 Shares of Federated Hermes (NYSE:FHI) Stock

Federated Hermes, Inc. (NYSE:FHI) VP Dolores Dudiak sold 999 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total value of $47,822.13. Following the completion of the sale, the vice president directly owned 88,223 shares of the company’s stock, valued at approximately $4,223,235.01. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Federated Hermes Stock Up 1.7%

FHI stock opened at $48.34 on Friday. Federated Hermes, Inc. has a 1-year low of $35.05 and a 1-year high of $54.42. The business’s 50 day simple moving average is $50.63 and its 200 day simple moving average is $48.28. The company has a current ratio of 3.37, a quick ratio of 2.32 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.75 billion, a PE ratio of 10.72, a PEG ratio of 0.54 and a beta of 0.83.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.23. The firm had revenue of $469.45 million during the quarter, compared to analysts’ expectations of $442.67 million. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 earnings per share. As a group, research analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, November 7th. Federated Hermes’s payout ratio is currently 28.39%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Schneider Downs Wealth Management Advisors LP grew its stake in Federated Hermes by 3,229.0% during the third quarter. Schneider Downs Wealth Management Advisors LP now owns 2,657,263 shares of the company’s stock worth $137,992,000 after buying an additional 2,577,442 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Federated Hermes by 249.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company’s stock worth $130,446,000 after acquiring an additional 2,284,509 shares during the period. LSV Asset Management boosted its position in shares of Federated Hermes by 77.6% during the 2nd quarter. LSV Asset Management now owns 1,966,142 shares of the company’s stock worth $87,139,000 after acquiring an additional 859,053 shares in the last quarter. Victory Capital Management Inc. increased its stake in Federated Hermes by 2,410.2% in the third quarter. Victory Capital Management Inc. now owns 779,492 shares of the company’s stock valued at $40,479,000 after acquiring an additional 748,439 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Federated Hermes by 29.6% in the third quarter. Invesco Ltd. now owns 2,939,908 shares of the company’s stock valued at $152,669,000 after acquiring an additional 670,643 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FHI shares. TD Cowen increased their target price on Federated Hermes from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Evercore ISI increased their price objective on Federated Hermes from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a report on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Federated Hermes in a research note on Tuesday, November 4th. Finally, Wall Street Zen raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.67.

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.