Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 8.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,686 shares of the company’s stock after selling 4,688 shares during the period. Mutual of America Capital Management LLC’s holdings in Federated Hermes were worth $1,759,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bryn Mawr Capital Management LLC acquired a new position in Federated Hermes in the 1st quarter valued at about $206,000. Capstone Investment Advisors LLC increased its position in Federated Hermes by 11.4% in the 1st quarter. Capstone Investment Advisors LLC now owns 14,151 shares of the company’s stock valued at $511,000 after acquiring an additional 1,449 shares during the period. BNP Paribas Financial Markets increased its position in Federated Hermes by 69.3% in the 1st quarter. BNP Paribas Financial Markets now owns 36,615 shares of the company’s stock valued at $1,323,000 after acquiring an additional 14,987 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Federated Hermes in the 1st quarter valued at about $1,542,000. Finally, Meritage Portfolio Management acquired a new position in Federated Hermes in the 1st quarter valued at about $337,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Trading Up 0.6 %

Shares of FHI opened at $33.90 on Monday. The company has a current ratio of 3.39, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.85 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. The stock’s fifty day simple moving average is $32.64 and its 200 day simple moving average is $34.20. Federated Hermes, Inc. has a twelve month low of $30.23 and a twelve month high of $37.31.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, April 25th. The company reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. The business had revenue of $396.37 million for the quarter, compared to analyst estimates of $400.26 million. Federated Hermes had a return on equity of 27.00% and a net margin of 18.75%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. On average, equities research analysts forecast that Federated Hermes, Inc. will post 3.6 earnings per share for the current year.

Federated Hermes Increases Dividend

The business also recently disclosed a None dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were given a $1.31 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This is a positive change from Federated Hermes’s previous None dividend of $1.27. This represents a yield of 3.8%. Federated Hermes’s dividend payout ratio (DPR) is 35.23%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FHI. TD Cowen dropped their price target on Federated Hermes from $36.00 to $34.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Evercore ISI dropped their price target on Federated Hermes from $39.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, UBS Group reduced their price target on Federated Hermes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Federated Hermes presently has an average rating of “Moderate Buy” and an average target price of $38.00.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 994 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $31.43, for a total value of $31,241.42. Following the transaction, the vice president now directly owns 298,578 shares of the company’s stock, valued at $9,384,306.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Federated Hermes news, VP Paul A. Uhlman sold 975 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $32,175.00. Following the transaction, the vice president now directly owns 299,572 shares of the company’s stock, valued at $9,885,876. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul A. Uhlman sold 994 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $31.43, for a total value of $31,241.42. Following the completion of the transaction, the vice president now directly owns 298,578 shares in the company, valued at $9,384,306.54. The disclosure for this sale can be found here. Insiders have sold 2,361 shares of company stock valued at $76,360 over the last three months. 3.70% of the stock is owned by company insiders.

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.