Federated Hermes, Inc. $FHI Shares Sold by Country Club Bank

Key Points

• Country Club Bank reduced its holdings in Federated Hermes, Inc. (NYSE:FHI) by 17.6%, now owning approximately 0.19% of the company, worth around $6.48 million.
• Federated Hermes reported $1.16 earnings per share for the last quarter, surpassing analysts' expectations of $0.99, with a revenue increase of 5.5% year-over-year.
• The company declared a quarterly dividend of $0.34 per share, equating to an annualized dividend yield of 2.6% and an ongoing dividend payout ratio of 30.16%.

Country Club Bank lowered its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 17.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,531 shares of the company's stock after selling 31,218 shares during the quarter. Country Club Bank owned about 0.19% of Federated Hermes worth $6,484,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Federated Hermes by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company's stock valued at $357,178,000 after purchasing an additional 265,590 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Federated Hermes by 249.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company's stock valued at $130,446,000 after acquiring an additional 2,284,509 shares during the last quarter. Invesco Ltd. lifted its holdings in Federated Hermes by 6.2% in the first quarter. Invesco Ltd. now owns 2,367,754 shares of the company's stock valued at $96,533,000 after acquiring an additional 137,248 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Federated Hermes by 0.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,904,596 shares of the company's stock worth $77,650,000 after acquiring an additional 16,333 shares during the period. Finally, LSV Asset Management increased its stake in Federated Hermes by 27.1% during the first quarter. LSV Asset Management now owns 1,107,089 shares of the company's stock worth $45,136,000 after acquiring an additional 236,313 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Stock Up 0.4%

Shares of FHI opened at $51.93 on Tuesday. The company's 50-day simple moving average is $52.31 and its 200-day simple moving average is $45.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.37. Federated Hermes, Inc. has a 1 year low of $35.05 and a 1 year high of $54.42. The stock has a market capitalization of $4.03 billion, a PE ratio of 11.51, a P/E/G ratio of 0.69 and a beta of 0.80.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.17. The firm had revenue of $424.84 million during the quarter, compared to analysts' expectations of $424.83 million. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 earnings per share. Analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, August 8th. Federated Hermes's dividend payout ratio (DPR) is presently 30.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FHI. Wall Street Zen cut Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. raised shares of Federated Hermes from an "underweight" rating to a "neutral" rating and upped their target price for the company from $40.00 to $54.00 in a research report on Monday, August 4th. Royal Bank Of Canada lifted their price target on shares of Federated Hermes from $45.00 to $51.00 and gave the company a "sector perform" rating in a research report on Thursday, August 14th. Weiss Ratings reissued a "buy (b)" rating on shares of Federated Hermes in a research note on Saturday, September 27th. Finally, Evercore ISI increased their price objective on shares of Federated Hermes from $48.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $48.17.

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.

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