Murphy Pohlad Asset Management LLC Sells 12,850 Shares of Federated Hermes, Inc. (NYSE:FHI)

Murphy Pohlad Asset Management LLC lowered its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,496 shares of the company's stock after selling 12,850 shares during the period. Murphy Pohlad Asset Management LLC owned approximately 0.09% of Federated Hermes worth $2,833,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in Federated Hermes in the fourth quarter valued at approximately $292,000. Congress Asset Management Co. increased its holdings in shares of Federated Hermes by 4.7% in the 4th quarter. Congress Asset Management Co. now owns 51,571 shares of the company's stock worth $2,120,000 after buying an additional 2,294 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Federated Hermes by 78.5% during the 4th 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 in the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Federated Hermes during the 4th quarter worth $214,000. Finally, Ieq Capital LLC bought a new stake in shares of Federated Hermes during the 4th quarter worth $353,000. Institutional investors own 75.94% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on FHI. Royal Bank of Canada increased their target price on Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Evercore ISI upped their price objective on Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. TD Cowen cut Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded 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 given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $42.33.

Insider Buying and Selling at Federated Hermes

In other news, VP Paul A. Uhlman sold 6,057 shares of the firm's 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 transaction, the vice president now owns 316,930 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company's stock.

Federated Hermes Stock Performance

Federated Hermes stock opened at $42.18 on Monday. The firm has a fifty day simple moving average of $40.82 and a two-hundred day simple moving average of $40.11. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a market capitalization of $3.34 billion, a PE ratio of 13.22, a P/E/G ratio of 1.00 and a beta of 0.78.

Federated Hermes (NYSE:FHI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.91 by $0.19. The firm had revenue of $423.54 million for the quarter, compared to the consensus estimate of $425.43 million. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

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

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.

Want to see what other hedge funds are holding FHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federated Hermes, Inc. (NYSE:FHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.