Staley Capital Advisers Inc. Has $695,000 Holdings in Federated Hermes, Inc. (NYSE:FHI)

Key Points

• Staley Capital Advisers Inc. decreased its stake in Federated Hermes by 30.5%, selling 7,500 shares, while retaining 17,054 shares worth about $695,000.
• Federated Hermes has declared a quarterly dividend of $0.34, with a yield of 2.7%, set to be paid to shareholders on August 15th.
• The company reported earnings of $1.16 per share for the last quarter, surpassing analyst expectations of $0.99 and showing a 5.5% increase in revenue from the previous year.

Staley Capital Advisers Inc. lowered its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 30.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 17,054 shares of the company's stock after selling 7,500 shares during the period. Staley Capital Advisers Inc.'s holdings in Federated Hermes were worth $695,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. boosted its holdings in shares of Federated Hermes by 6.2% during the first quarter. Invesco Ltd. now owns 2,367,754 shares of the company's stock worth $96,533,000 after acquiring an additional 137,248 shares during the period. Deutsche Bank AG boosted its holdings in shares of Federated Hermes by 38.5% during the first quarter. Deutsche Bank AG now owns 24,213 shares of the company's stock worth $987,000 after acquiring an additional 6,734 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Federated Hermes by 249.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company's stock worth $130,446,000 after acquiring an additional 2,284,509 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Federated Hermes by 3.1% during the first quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company's stock worth $357,178,000 after acquiring an additional 265,590 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Federated Hermes during the first quarter worth approximately $265,000. Institutional investors own 75.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FHI. Wall Street Zen downgraded shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. upgraded shares of Federated Hermes from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $40.00 to $54.00 in a research report on Monday, August 4th. Evercore ISI lifted their price target on shares of Federated Hermes from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Royal Bank Of Canada set a $51.00 price target on shares of Federated Hermes and gave the company a "sector perform" rating in a research report on Thursday. Finally, TD Cowen downgraded shares of Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Federated Hermes currently has a consensus rating of "Hold" and a consensus target price of $47.00.

Federated Hermes Price Performance

FHI traded down $0.72 during trading on Friday, hitting $53.22. 237,830 shares of the stock traded hands, compared to its average volume of 829,379. Federated Hermes, Inc. has a twelve month low of $32.93 and a twelve month high of $54.16. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 0.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.37 and a quick ratio of 2.32. The business has a 50 day moving average price of $46.56 and a 200 day moving average price of $42.10.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.99 by $0.17. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The business had revenue of $424.84 million during the quarter, compared to the consensus estimate of $424.83 million. During the same period in the previous year, the business earned $0.96 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. Equities research 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 declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, August 8th. This represents a $1.36 annualized dividend and a dividend yield of 2.6%. Federated Hermes's dividend payout ratio is 30.16%.

Insider Activity

In other news, VP Paul A. Uhlman sold 6,057 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total transaction of $255,241.98. Following the completion of the transaction, the vice president directly owned 316,930 shares in the company, valued at approximately $13,355,430.20. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.80% of the company's stock.

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.