Federated Hermes (NYSE:FHI) VP Bryan Burke Sells 4,000 Shares of Stock

Federated Hermes, Inc. (NYSE:FHI) VP Bryan Burke sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $54.20, for a total transaction of $216,800.00. Following the completion of the transaction, the vice president owned 74,921 shares in the company, valued at $4,060,718.20. The trade was a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Federated Hermes Trading Up 2.8%

Shares of FHI stock opened at $55.86 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.28 and a quick ratio of 2.30. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 2.13 and a beta of 0.67. Federated Hermes, Inc. has a 1 year low of $41.55 and a 1 year high of $59.05. The firm has a fifty day moving average price of $56.62 and a 200-day moving average price of $53.53.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The company had revenue of $478.96 million for the quarter, compared to analysts’ expectations of $475.22 million. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.Federated Hermes’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. As a group, equities analysts predict that Federated Hermes, Inc. will post 5.08 earnings per share for the current year.

Federated Hermes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 8th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.7%. This is an increase from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, May 8th. Federated Hermes’s dividend payout ratio is 26.36%.

Wall Street Analysts Forecast Growth

FHI has been the topic of a number of analyst reports. Royal Bank Of Canada lowered their price objective on Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Argus raised shares of Federated Hermes to a “hold” rating in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $54.00.

Hedge Funds Weigh In On Federated Hermes

Hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. raised its stake in Federated Hermes by 24.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock valued at $52,000 after purchasing an additional 194 shares during the period. GAMMA Investing LLC boosted its stake in Federated Hermes by 8.3% in the 4th quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock worth $142,000 after purchasing an additional 210 shares during the period. MAI Capital Management boosted its stake in Federated Hermes by 86.7% in the 3rd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after purchasing an additional 221 shares during the period. Root Financial Partners LLC grew its holdings in Federated Hermes by 71.0% during the 1st quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock valued at $32,000 after buying an additional 237 shares in the last quarter. Finally, RiverFront Investment Group LLC grew its holdings in Federated Hermes by 4.7% during the 4th quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock valued at $299,000 after buying an additional 256 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

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.