Federated Hermes, Inc. (NYSE:FHI) VP John B. Fisher Sells 79,830 Shares

Federated Hermes, Inc. (NYSE:FHI) VP John B. Fisher sold 79,830 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.71, for a total transaction of $2,611,239.30. Following the completion of the transaction, the vice president now directly owns 442,570 shares in the company, valued at $14,476,464.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Federated Hermes Trading Down 4.3 %

NYSE:FHI traded down $1.46 during trading hours on Monday, hitting $32.49. The company had a trading volume of 1,440,087 shares, compared to its average volume of 785,700. The company has a market capitalization of $2.73 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.31 and a beta of 1.17. The stock has a 50-day moving average price of $33.19 and a 200 day moving average price of $34.28. Federated Hermes, Inc. has a 52 week low of $30.23 and a 52 week high of $37.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.75 and a quick ratio of 2.45.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.07. Federated Hermes had a net margin of 15.90% and a return on equity of 28.60%. The business had revenue of $402.60 million for the quarter, compared to analysts’ expectations of $400.35 million. During the same quarter in the previous year, the business posted $0.81 earnings per share. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, equities research analysts predict that Federated Hermes, Inc. will post 3.62 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, August 8th. This is a boost from Federated Hermes’s previous quarterly dividend of $0.28. Federated Hermes’s payout ratio is 35.23%.

Wall Street Analyst Weigh In

FHI has been the topic of several analyst reports. UBS Group decreased their price target on Federated Hermes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Evercore ISI reduced their price target on shares of Federated Hermes from $39.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. TD Cowen reduced their price target 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. Finally, JPMorgan Chase & Co. increased their price objective on Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.83.

Institutional Trading of Federated Hermes

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp boosted its holdings in shares of 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 buying an additional 307 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Federated Hermes by 607.7% during the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after purchasing an additional 711 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in shares of 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 during the period. Signaturefd LLC grew its stake in shares of 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 during the period. Finally, Mather Group LLC. bought a new position in shares of Federated Hermes during the 2nd quarter valued at approximately $47,000. Institutional investors own 75.94% of the company’s stock.

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.