Whittier Trust Co. of Nevada Inc. Trims Stake in Federated Hermes, Inc. (NYSE:FHI)

Whittier Trust Co. of Nevada Inc. reduced its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 77.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,552 shares of the company’s stock after selling 5,448 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Federated Hermes were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in Federated Hermes by 71.1% during the 4th quarter. Fifth Third Bancorp now owns 739 shares of the company’s stock valued at $25,000 after acquiring an additional 307 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in Federated Hermes by 216.4% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,041 shares of the company’s stock valued at $35,000 after acquiring an additional 712 shares in the last quarter. Signaturefd LLC boosted its position in Federated Hermes by 65.7% during the 4th quarter. Signaturefd LLC now owns 1,382 shares of the company’s stock valued at $47,000 after acquiring an additional 548 shares in the last quarter. Neo Ivy Capital Management boosted its position in Federated Hermes by 637.5% during the 4th quarter. Neo Ivy Capital Management now owns 1,416 shares of the company’s stock valued at $48,000 after acquiring an additional 1,224 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Federated Hermes by 23.4% during the 4th quarter. Parallel Advisors LLC now owns 2,187 shares of the company’s stock valued at $74,000 after acquiring an additional 414 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Stock Performance

FHI traded up $0.02 on Tuesday, reaching $32.33. 400,921 shares of the stock were exchanged, compared to its average volume of 779,625. The company’s 50-day moving average price is $32.62 and its 200 day moving average price is $34.23. Federated Hermes, Inc. has a fifty-two week low of $30.23 and a fifty-two week high of $37.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.39 and a quick ratio of 2.45. The firm has a market capitalization of $2.72 billion, a PE ratio of 9.18, a PEG ratio of 1.10 and a beta of 1.17.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.89 EPS for the quarter, hitting analysts’ consensus estimates of $0.89. The company had revenue of $396.37 million during the quarter, compared to analysts’ expectations of $400.26 million. Federated Hermes had a return on equity of 27.00% and a net margin of 18.75%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. As a group, sell-side analysts forecast that Federated Hermes, Inc. will post 3.6 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently disclosed a None dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were paid a dividend of $1.31 per share. The ex-dividend date was Tuesday, May 7th. This represents a dividend yield of 3.8%. This is a positive change from Federated Hermes’s previous None dividend of $1.27. Federated Hermes’s dividend payout ratio (DPR) is presently 35.23%.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 994 shares of Federated Hermes stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $31.43, for a total transaction of $31,241.42. Following the completion of the transaction, the vice president now owns 298,578 shares in the company, valued at approximately $9,384,306.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Paul A. Uhlman sold 975 shares of Federated Hermes stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $32,175.00. Following the completion of the transaction, the vice president now owns 299,572 shares in the company, valued at approximately $9,885,876. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Paul A. Uhlman sold 994 shares of Federated Hermes stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $31.43, for a total value of $31,241.42. Following the completion of the transaction, the vice president now owns 298,578 shares of the company’s stock, valued at approximately $9,384,306.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,361 shares of company stock worth $76,360. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

FHI has been the topic of several recent research reports. TD Cowen dropped their target price on Federated Hermes from $36.00 to $34.00 and set a “hold” rating on the stock in a research report on Monday. Evercore ISI lowered their price objective on Federated Hermes from $39.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Finally, UBS Group raised their price objective on Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Three 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 $38.57.

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.