Royce & Associates LP Boosts Position in Federated Hermes, Inc. (NYSE:FHI)

Key Points

• Royce & Associates LP increased its holdings in Federated Hermes, Inc. by 1.4% during the first quarter, now owning about 0.50% of the company, worth approximately $16.1 million.
• Insider activity revealed that VP Paul A. Uhlman sold 6,057 shares at an average price of $42.14, reducing his ownership to about 316,930 shares.
• Despite mixed analyst ratings, the consensus price target for Federated Hermes is currently $42.50, with four analysts issuing hold ratings and one raising their recommendation to strong buy.

Royce & Associates LP boosted its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,895 shares of the company's stock after acquiring an additional 5,500 shares during the period. Royce & Associates LP owned about 0.50% of Federated Hermes worth $16,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in 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 bought a new position in Federated Hermes during the 4th quarter worth about $37,000. C M Bidwell & Associates Ltd. bought a new position in Federated Hermes during the 4th quarter worth about $73,000. UMB Bank n.a. grew its holdings in Federated Hermes by 55.1% during the 1st quarter. UMB Bank n.a. now owns 2,065 shares of the company's stock worth $84,000 after acquiring an additional 734 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Federated Hermes during the fourth quarter valued at about $90,000. 75.94% of the stock is currently owned by institutional investors.

Insider Activity at Federated Hermes

In related news, VP Paul A. Uhlman sold 6,057 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 316,930 shares of the company's stock, valued at $13,355,430.20. This trade represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by insiders.

Federated Hermes Stock Performance

Shares of Federated Hermes stock traded down $0.35 during midday trading on Monday, hitting $48.93. The company had a trading volume of 123,812 shares, compared to its average volume of 826,312. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.91 and a beta of 0.78. The company has a quick ratio of 2.35, a current ratio of 3.04 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $44.13 and a 200 day simple moving average of $40.90. Federated Hermes, Inc. has a 12-month low of $31.94 and a 12-month high of $49.70.

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

Wall Street Analyst Weigh In

FHI has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the company an "underweight" rating in a research report on Wednesday, July 9th. Wall Street Zen raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. Evercore ISI increased their price target 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 increased their price target on shares of Federated Hermes from $43.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, July 10th. Finally, TD Cowen lowered shares of Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, Federated Hermes presently has an average rating of "Hold" and an average price target 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.