SG Americas Securities LLC Sells 10,222 Shares of Federated Hermes, Inc. $FHI

SG Americas Securities LLC lessened its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 47.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,391 shares of the company’s stock after selling 10,222 shares during the quarter. SG Americas Securities LLC’s holdings in Federated Hermes were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AdvisorNet Financial Inc bought a new position in Federated Hermes in the 2nd quarter worth $44,000. Farther Finance Advisors LLC grew its holdings in Federated Hermes by 97.7% during the third quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $45,000 after purchasing an additional 430 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Federated Hermes in the second quarter worth about $46,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Federated Hermes in the second quarter worth about $56,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Federated Hermes by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,567 shares of the company’s stock valued at $69,000 after buying an additional 679 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Federated Hermes

In related news, insider Richard A. Novak sold 1,249 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $47.85, for a total value of $59,764.65. Following the sale, the insider directly owned 57,500 shares in the company, valued at approximately $2,751,375. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Dolores D. 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 transaction, the vice president owned 88,223 shares of the company’s stock, valued at $4,223,235.01. This represents a 1.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 21,709 shares of company stock valued at $1,049,146. 3.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FHI. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a report on Wednesday, October 8th. Zacks Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. TD Cowen reissued a “hold” rating on shares of Federated Hermes in a research note on Wednesday, January 14th. JPMorgan Chase & Co. lifted their target price on shares of Federated Hermes from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 10th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $51.20.

Federated Hermes Trading Up 0.6%

Federated Hermes stock opened at $54.65 on Friday. Federated Hermes, Inc. has a 1 year low of $35.05 and a 1 year high of $55.13. The firm’s 50 day moving average price is $51.79 and its 200-day moving average price is $51.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.13 and a quick ratio of 2.58. The stock has a market cap of $4.24 billion, a P/E ratio of 11.41, a PEG ratio of 0.56 and a beta of 0.75.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, October 30th. The company reported $1.34 earnings per share 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 analyst estimates of $442.67 million. Federated Hermes had a net margin of 21.86% and a return on equity of 33.03%. Federated Hermes’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 earnings per share. On average, equities analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were given a dividend of $0.34 per share. The ex-dividend date was Friday, November 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.5%. Federated Hermes’s dividend payout ratio (DPR) is presently 28.39%.

About Federated Hermes

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.