Alpha Omega Wealth Management LLC Lowers Position in Federated Hermes, Inc. (NYSE:FHI)

Alpha Omega Wealth Management LLC cut its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 110,730 shares of the company's stock after selling 5,968 shares during the period. Alpha Omega Wealth Management LLC owned approximately 0.14% of Federated Hermes worth $4,514,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FHI. Walleye Capital LLC raised its holdings in shares of Federated Hermes by 4.1% during the fourth quarter. Walleye Capital LLC now owns 6,877 shares of the company's stock valued at $283,000 after purchasing an additional 269 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Federated Hermes by 1.0% during the fourth quarter. Amalgamated Bank now owns 32,614 shares of the company's stock valued at $1,341,000 after purchasing an additional 313 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Federated Hermes by 4.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,324 shares of the company's stock valued at $424,000 after purchasing an additional 474 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Federated Hermes by 246.6% during the first quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock valued at $35,000 after purchasing an additional 614 shares during the last quarter. Finally, Cadence Bank raised its holdings in shares of Federated Hermes by 0.6% during the fourth quarter. Cadence Bank now owns 123,058 shares of the company's stock valued at $5,059,000 after purchasing an additional 730 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Paul A. Uhlman sold 6,057 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total value of $255,241.98. Following the transaction, the vice president now owns 316,930 shares of the company's stock, valued at approximately $13,355,430.20. The trade was 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. Company insiders own 3.80% of the company's stock.

Federated Hermes Price Performance

Shares of FHI traded down $0.65 during mid-day trading on Friday, reaching $42.18. The stock had a trading volume of 722,110 shares, compared to its average volume of 736,215. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.00 and a beta of 0.78. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The business has a fifty day moving average of $40.82 and a 200 day moving average of $40.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70.

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, topping analysts' consensus estimates of $0.91 by $0.19. The business had revenue of $423.54 million during the quarter, compared to analyst estimates of $425.43 million. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The company's revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. Equities analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FHI. TD Cowen cut shares of Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Evercore ISI boosted their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Royal Bank of Canada boosted their target price on shares of Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. One 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $42.33.

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.