Federated Hermes, Inc. (NYSE:FHI) Position Raised by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Federated Hermes by 32.6%, acquiring an additional 46,138 shares, bringing its total to 187,633 shares valued at approximately $7.65 million.
• Following a recent insider sale, VP Paul A. Uhlman sold 6,057 shares, representing a decrease in his ownership to approximately 316,930 shares valued at over $13.35 million.
• Federated Hermes reported an earnings per share (EPS) of $1.10 for the last quarter, exceeding analysts' expectations and reflecting a year-over-year revenue increase of 6.8%.

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 32.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 187,633 shares of the company's stock after purchasing an additional 46,138 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.24% of Federated Hermes worth $7,650,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FHI. Farther Finance Advisors LLC lifted 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 purchasing an additional 614 shares in the last quarter. Quarry LP purchased a new position in Federated Hermes in the 4th quarter valued at about $37,000. C M Bidwell & Associates Ltd. purchased a new position in Federated Hermes in the 4th quarter valued at about $73,000. UMB Bank n.a. lifted its holdings in Federated Hermes by 55.1% in the 1st quarter. UMB Bank n.a. now owns 2,065 shares of the company's stock valued at $84,000 after purchasing an additional 734 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Federated Hermes during the 4th quarter worth about $90,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 transaction of $255,241.98. Following the completion of the sale, the vice president owned 316,930 shares of the company's stock, valued at approximately $13,355,430.20. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by company insiders.

Federated Hermes Stock Up 0.6%

NYSE:FHI traded up $0.31 during trading hours on Wednesday, hitting $49.65. The stock had a trading volume of 657,325 shares, compared to its average volume of 505,369. The company has a current ratio of 3.04, a quick ratio of 2.35 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a 1-year low of $31.94 and a 1-year high of $49.86. The business has a 50 day simple moving average of $44.52 and a two-hundred day simple moving average of $41.09. The company has a market cap of $3.93 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 0.91 and a beta of 0.78.

Analyst Ratings Changes

Several brokerages have recently weighed in on FHI. TD Cowen lowered shares of Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Royal Bank Of Canada increased their price objective on shares of Federated Hermes from $43.00 to $45.00 and gave the stock a "sector perform" rating in a report on Thursday, July 10th. Wall Street Zen upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the stock an "underweight" rating in a report on Wednesday, July 9th. Finally, Evercore ISI increased their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Federated Hermes currently has an average rating of "Hold" and an average price target of $42.50.

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.