RHS Financial LLC Acquires New Shares in Federated Hermes, Inc. (NYSE:FHI)

RHS Financial LLC acquired a new stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 8,898 shares of the company's stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FHI. Farther Finance Advisors LLC boosted its stake in shares of Federated Hermes by 246.6% during 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 in the last quarter. Quarry LP purchased a new position in Federated Hermes in the fourth quarter valued at about $37,000. C M Bidwell & Associates Ltd. acquired a new position in Federated Hermes in the fourth quarter worth approximately $73,000. UMB Bank n.a. raised its holdings in shares of Federated Hermes by 55.1% during the 1st quarter. UMB Bank n.a. now owns 2,065 shares of the company's stock valued at $84,000 after purchasing an additional 734 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Federated Hermes in the fourth quarter worth about $90,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 completion of the sale, the vice president now owns 316,930 shares of the company's stock, valued at approximately $13,355,430.20. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.80% of the company's stock.

Federated Hermes Trading Up 0.4%

Shares of NYSE:FHI traded up $0.17 during mid-day trading on Wednesday, reaching $42.21. The stock had a trading volume of 1,192,636 shares, compared to its average volume of 739,178. The firm has a 50 day simple moving average of $41.04 and a two-hundred day simple moving average of $40.12. The firm has a market cap of $3.34 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.80 and a beta of 0.79. Federated Hermes, Inc. has a twelve month low of $31.30 and a twelve month high of $43.92. The company has a current ratio of 3.04, a quick ratio of 2.35 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.19. The business had revenue of $423.54 million for the quarter, compared to analyst estimates of $425.43 million. Federated Hermes had a return on equity of 32.17% and a net margin of 17.74%. Federated Hermes's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 EPS. On average, research analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.22%. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, May 8th. Federated Hermes's dividend payout ratio (DPR) is presently 38.31%.

Wall Street Analysts Forecast Growth

FHI has been the topic of several research analyst reports. TD Cowen downgraded Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada lifted their price target on Federated Hermes from $37.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Wall Street Zen raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Evercore ISI boosted their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently 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.