Federated Hermes, Inc. (NYSE:FHI) Stock Position Lowered by Signaturefd LLC

Signaturefd LLC reduced its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 6.7% during the third quarter, Holdings Channel.com reports. The fund owned 3,724 shares of the company’s stock after selling 269 shares during the quarter. Signaturefd LLC’s holdings in Federated Hermes were worth $137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC boosted its position in shares of Federated Hermes by 607.7% during the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after purchasing an additional 711 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after buying an additional 349 shares in the last quarter. Mather Group LLC. acquired a new position in Federated Hermes in the second quarter worth approximately $47,000. CWM LLC increased its holdings in shares of Federated Hermes by 985.7% in the second quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after buying an additional 1,311 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after acquiring an additional 296 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FHI shares. UBS Group lifted their target price on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com upgraded Federated Hermes from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada raised their target price on shares of Federated Hermes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. JPMorgan Chase & Co. boosted their price target on shares of Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Evercore ISI raised their price objective on shares of Federated Hermes from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Federated Hermes currently has a consensus rating of “Moderate Buy” and an average price target of $38.80.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP John B. Fisher sold 79,830 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.71, for a total value of $2,611,239.30. Following the completion of the sale, the vice president now directly owns 442,570 shares of the company’s stock, valued at $14,476,464.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Federated Hermes Stock Performance

Shares of FHI opened at $38.63 on Monday. Federated Hermes, Inc. has a 52 week low of $30.23 and a 52 week high of $40.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.09 and a current ratio of 2.75. The company has a market capitalization of $3.19 billion, a PE ratio of 13.27, a PEG ratio of 1.18 and a beta of 1.16. The company’s 50 day moving average price is $35.84 and its 200 day moving average price is $34.19.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 28.60% and a net margin of 15.90%. The business had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. During the same period last year, the company earned $0.86 earnings per share. Federated Hermes’s quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts expect that Federated Hermes, Inc. will post 3.68 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.21%. Federated Hermes’s dividend payout ratio is currently 42.61%.

About Federated Hermes

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.