Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC reduced its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,730 shares of the company's stock after selling 5,968 shares during the period. Alpha Omega Wealth Management LLC owned 0.14% of Federated Hermes worth $4,514,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FHI. Allspring Global Investments Holdings LLC purchased a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $292,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock worth $37,618,000 after buying an additional 145,878 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Federated Hermes in the 4th quarter worth $461,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Federated Hermes during the 4th quarter worth $585,000. Finally, Sanctuary Advisors LLC increased its stake in shares of Federated Hermes by 78.5% during the fourth quarter. Sanctuary Advisors LLC now owns 23,046 shares of the company's stock valued at $916,000 after buying an additional 10,135 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on FHI. 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. Royal Bank of Canada boosted their price target on shares of Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Evercore ISI increased their price objective on shares of Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, TD Cowen lowered shares of Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Federated Hermes currently has a consensus rating of "Hold" and an average price target of $42.33.

Federated Hermes Stock Up 1.1%

Shares of FHI stock traded up $0.45 during mid-day trading on Thursday, hitting $42.81. 1,528,221 shares of the stock traded hands, compared to its average volume of 736,801. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92. The stock has a market cap of $3.39 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.00 and a beta of 0.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The stock's fifty day moving average is $40.69 and its two-hundred day moving average is $40.15.

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

Federated Hermes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.18%. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date was Thursday, May 8th. Federated Hermes's payout ratio is 38.31%.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $42.14, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Federated Hermes 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.