SG Americas Securities LLC Acquires Shares of 9,832 Federated Hermes, Inc. (NYSE:FHI)

SG Americas Securities LLC purchased a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,832 shares of the company's stock, valued at approximately $401,000.

A number of other large investors also recently modified their holdings of FHI. Farther Finance Advisors LLC raised its holdings in Federated Hermes by 246.6% in the 1st quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock valued at $35,000 after buying an additional 614 shares during the last quarter. Quarry LP acquired a new position in Federated Hermes in the 4th quarter valued at approximately $37,000. C M Bidwell & Associates Ltd. bought a new position in shares of Federated Hermes during the fourth quarter valued at $73,000. UMB Bank n.a. raised its stake in shares of Federated Hermes by 55.1% during the first 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 acquired a new position in shares of Federated Hermes during the fourth quarter worth $90,000. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Trading Up 0.6%

FHI stock traded up $0.25 during midday trading on Friday, hitting $44.31. The stock had a trading volume of 500,471 shares, compared to its average volume of 736,725. The company has a current ratio of 3.04, a quick ratio of 2.35 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.50 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 0.83 and a beta of 0.78. The business has a fifty day moving average price of $41.91 and a two-hundred day moving average price of $40.15. Federated Hermes, Inc. has a 1-year low of $31.94 and a 1-year high of $44.50.

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

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 3.07%. Federated Hermes's payout ratio is 38.31%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Evercore ISI increased their price objective on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Royal Bank Of Canada upped their price target on Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Wall Street Zen raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. Finally, TD Cowen downgraded 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $42.33.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of Federated Hermes 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 completion of the sale, the vice president now directly 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.80% of the company's stock.

Federated Hermes Company 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.