Federated Hermes, Inc. (NYSE:FHI) VP Sells $255,241.98 in Stock

Federated Hermes, Inc. (NYSE:FHI - Get Free Report) VP Paul A. Uhlman sold 6,057 shares of Federated Hermes stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $42.14, for a total transaction of $255,241.98. Following the transaction, the vice president now directly owns 316,930 shares of the company's stock, valued at $13,355,430.20. This represents a 1.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Federated Hermes Stock Down 0.3%

FHI traded down $0.11 during midday trading on Monday, hitting $42.09. The company had a trading volume of 896,380 shares, compared to its average volume of 879,896. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.00 and a beta of 0.77. The stock's 50 day moving average price is $40.26 and its 200 day moving average price is $40.10.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.19. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The firm had revenue of $423.54 million during the quarter, compared to the consensus estimate of $425.43 million. During the same period in the previous year, the firm posted $0.89 earnings per share. The business's revenue was up 6.8% compared to the same quarter last year. On average, research analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were paid a $0.34 dividend. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, May 8th. Federated Hermes's payout ratio is 38.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FHI. Farther Finance Advisors LLC raised its holdings in shares of Federated Hermes by 246.6% in the 1st quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock worth $35,000 after acquiring an additional 614 shares during the last quarter. Quarry LP acquired a new stake in shares of Federated Hermes in the 4th quarter worth about $37,000. R Squared Ltd acquired a new stake in shares of Federated Hermes in the 4th quarter worth about $43,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Federated Hermes by 22.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company's stock worth $63,000 after acquiring an additional 287 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Federated Hermes in the 1st quarter worth about $72,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reissued an "underweight" rating and set a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Royal Bank of Canada lifted their target price on shares of Federated Hermes from $37.00 to $43.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. Evercore ISI lifted their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, UBS Group lifted their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $42.33.

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.