Alps Advisors Inc. Acquires 9,916 Shares of Federated Hermes, Inc. (NYSE:FHI)

Alps Advisors Inc. raised its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,354 shares of the company's stock after buying an additional 9,916 shares during the period. Alps Advisors Inc. owned about 0.17% of Federated Hermes worth $5,600,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake 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 in the last quarter. Quarry LP bought a new stake in Federated Hermes during the 4th quarter valued at about $37,000. C M Bidwell & Associates Ltd. bought a new stake in Federated Hermes during the 4th quarter valued at about $73,000. UMB Bank n.a. boosted 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 acquiring an additional 734 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Federated Hermes during the 4th quarter valued at about $90,000. Hedge funds and other institutional investors own 75.94% of the company's stock.

Insider Buying and Selling

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 owned 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. Insiders own 3.80% of the company's stock.

Federated Hermes Stock Performance

NYSE FHI traded down $0.18 on Friday, reaching $46.14. 345,531 shares of the stock were exchanged, compared to its average volume of 735,345. Federated Hermes, Inc. has a one year low of $31.94 and a one year high of $46.84. The firm has a market capitalization of $3.65 billion, a PE ratio of 13.00, a PEG ratio of 0.86 and a beta of 0.78. The company's 50-day simple moving average is $43.14 and its two-hundred day simple moving average is $40.42. 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 released its earnings results on Thursday, April 24th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.19. Federated Hermes had a net margin of 17.74% and a return on equity of 32.17%. The company had revenue of $423.54 million for the quarter, compared to analysts' expectations of $425.43 million. During the same quarter last year, the business earned $0.89 EPS. The firm's revenue was up 6.8% compared to the same quarter last year. Analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were paid a dividend of $0.34 per share. 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. This represents a $1.36 dividend on an annualized basis and a yield of 2.95%. Federated Hermes's dividend payout ratio (DPR) is presently 38.31%.

Analyst Upgrades and Downgrades

FHI has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Federated Hermes from $43.00 to $45.00 and gave the company a "sector perform" rating in a report on Thursday. Evercore ISI raised their price target on shares of Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Wall Street Zen raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. TD Cowen downgraded shares of Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the company an "underweight" rating in a report on Wednesday. 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $42.50.

About Federated Hermes

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.