Diversified Trust Co raised its stake in shares of Federated Hermes, Inc. (NYSE:FHI – Free Report) by 100.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,458 shares of the company’s stock after purchasing an additional 6,249 shares during the period. Diversified Trust Co’s holdings in Federated Hermes were worth $422,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Quarry LP bought a new stake in Federated Hermes during the second quarter valued at about $29,000. Signaturefd LLC lifted its position in shares of Federated Hermes by 69.9% in the third quarter. Signaturefd LLC now owns 834 shares of the company’s stock valued at $28,000 after acquiring an additional 343 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in shares of Federated Hermes in the second quarter valued at about $37,000. Itau Unibanco Holding S.A. purchased a new position in shares of Federated Hermes in the second quarter valued at about $51,000. Finally, CENTRAL TRUST Co lifted its position in shares of Federated Hermes by 310.8% in the third quarter. CENTRAL TRUST Co now owns 1,520 shares of the company’s stock valued at $50,000 after acquiring an additional 1,150 shares in the last quarter. Institutional investors own 76.65% of the company’s stock.
Federated Hermes Trading Down 0.0 %
FHI opened at $35.65 on Friday. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 0.80 and a beta of 1.12. The stock’s 50 day moving average price is $35.25 and its 200-day moving average price is $33.86. Federated Hermes, Inc. has a one year low of $30.23 and a one year high of $45.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.89 and a current ratio of 2.51.
Federated Hermes (NYSE:FHI – Get Free Report) last released its earnings results on Friday, January 26th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.12. The firm had revenue of $391.50 million for 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 company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. On average, equities analysts forecast that Federated Hermes, Inc. will post 3.64 EPS for the current year.
Federated Hermes Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were paid a dividend of $0.28 per share. The ex-dividend date was Wednesday, February 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.14%. Federated Hermes’s dividend payout ratio is 32.84%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on FHI shares. JPMorgan Chase & Co. boosted their price objective on Federated Hermes from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. 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 price objective on the stock. UBS Group started coverage on Federated Hermes in a research report on Friday, January 5th. They issued a “neutral” rating and a $35.00 price objective on the stock. Finally, Royal Bank of Canada boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Federated Hermes presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.43.
Get Our Latest Stock Analysis on FHI
Insider Activity
In other news, VP Paul A. Uhlman sold 13,820 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $36.20, for a total transaction of $500,284.00. Following the transaction, the vice president now owns 276,084 shares of the company’s stock, valued at $9,994,240.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Richard A. Novak sold 908 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $36.07, for a total value of $32,751.56. Following the transaction, the insider now owns 49,068 shares of the company’s stock, valued at $1,769,882.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Paul A. Uhlman sold 13,820 shares of the stock in a transaction that occurred on 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 transaction, the vice president now directly owns 276,084 shares in the company, valued at approximately $9,994,240.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,435 shares of company stock valued at $4,092,831. 5.20% of the stock is currently owned by insiders.
Federated Hermes Profile
(Free Report)
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.
See Also
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