Qsemble Capital Management LP Sells 29,484 Shares of Federated Hermes, Inc. (NYSE:FHI)

Qsemble Capital Management LP decreased its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 42.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,216 shares of the company's stock after selling 29,484 shares during the period. Qsemble Capital Management LP's holdings in Federated Hermes were worth $1,328,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in Federated Hermes by 71.1% during the fourth quarter. Fifth Third Bancorp now owns 739 shares of the company's stock worth $25,000 after buying an additional 307 shares in the last quarter. Signaturefd LLC boosted its stake in Federated Hermes by 69.9% during the third quarter. Signaturefd LLC now owns 834 shares of the company's stock worth $28,000 after buying an additional 343 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in Federated Hermes by 216.4% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,041 shares of the company's stock worth $35,000 after buying an additional 712 shares in the last quarter. Blue Trust Inc. boosted its stake in Federated Hermes by 23.0% during the fourth quarter. Blue Trust Inc. now owns 2,708 shares of the company's stock worth $92,000 after buying an additional 507 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Federated Hermes during the fourth quarter valued at $128,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Federated Hermes Trading Down 0.7 %

Federated Hermes stock traded down $0.23 during trading hours on Friday, hitting $33.03. The stock had a trading volume of 558,001 shares, compared to its average volume of 995,144. Federated Hermes, Inc. has a one year low of $30.23 and a one year high of $38.93. The company has a quick ratio of 2.45, a current ratio of 3.39 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 0.94 and a beta of 1.14. The business's 50 day simple moving average is $35.09 and its 200-day simple moving average is $34.10.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.89 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.89. Federated Hermes had a return on equity of 27.00% and a net margin of 18.75%. The company had revenue of $396.37 million during the quarter, compared to the consensus estimate of $400.26 million. During the same period last year, the company earned $0.78 earnings per share. The firm's revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that Federated Hermes, Inc. will post 3.64 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th will be paid a dividend of $1.31 per share. The ex-dividend date is Tuesday, May 7th. This represents a yield of 3.8%. This is a boost from Federated Hermes's previous None dividend of $1.27. Federated Hermes's dividend payout ratio (DPR) is currently 35.23%.

Insider Buying and Selling

In other news, insider Richard A. Novak sold 908 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $36.07, for a total transaction of $32,751.56. Following the completion of the sale, the insider now owns 49,068 shares in the company, valued at $1,769,882.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Richard A. Novak sold 908 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $36.07, for a total transaction of $32,751.56. Following the completion of the sale, the insider now owns 49,068 shares in the company, valued at $1,769,882.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 8,302 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $36.15, for a total value of $300,117.30. Following the sale, the chief executive officer now owns 178,176 shares of the company's stock, valued at approximately $6,441,062.40. The disclosure for this sale can be found here. Insiders sold 23,030 shares of company stock valued at $833,153 over the last 90 days. Company insiders own 3.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FHI shares. JPMorgan Chase & Co. lifted their price objective on Federated Hermes from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Wednesday, April 17th. Royal Bank of Canada lifted their price objective on Federated Hermes from $36.00 to $37.00 and gave the stock a "sector perform" rating in a research report on Monday, January 29th. UBS Group boosted their target price on Federated Hermes from $37.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, April 12th. Finally, Evercore ISI decreased their target price on Federated Hermes from $39.00 to $37.00 and set an "outperform" rating for the company in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.29.

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.

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