Amalgamated Bank Has $1.19 Million Holdings in Federated Hermes, Inc. (NYSE:FHI)

Amalgamated Bank decreased its position in Federated Hermes, Inc. (NYSE:FHI) by 10.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 32,301 shares of the company’s stock after selling 3,958 shares during the period. Amalgamated Bank’s holdings in Federated Hermes were worth $1,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in Federated Hermes by 69.3% during the first quarter. BNP Paribas Financial Markets now owns 36,615 shares of the company’s stock valued at $1,323,000 after buying an additional 14,987 shares during the period. SG Americas Securities LLC increased its holdings in shares of Federated Hermes by 92.2% in the 1st quarter. SG Americas Securities LLC now owns 7,290 shares of the company’s stock valued at $263,000 after purchasing an additional 3,497 shares during the period. Headlands Technologies LLC increased its holdings in shares of Federated Hermes by 607.7% in 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 during the period. Russell Investments Group Ltd. boosted its holdings in shares of Federated Hermes by 42.3% during the first quarter. Russell Investments Group Ltd. now owns 6,876 shares of the company’s stock worth $248,000 after purchasing an additional 2,043 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Federated Hermes by 78.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 69,814 shares of the company’s stock worth $2,522,000 after purchasing an additional 30,621 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FHI has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft increased their price objective on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Monday. UBS Group boosted their target price on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 7th. Finally, Evercore ISI boosted their price target on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Federated Hermes has an average rating of “Moderate Buy” and an average target price of $43.33.

Federated Hermes Price Performance

NYSE FHI opened at $41.64 on Thursday. Federated Hermes, Inc. has a fifty-two week low of $31.08 and a fifty-two week high of $42.56. The stock’s 50-day moving average is $37.46 and its two-hundred day moving average is $34.68. The firm has a market cap of $3.41 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.21 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. The business had revenue of $408.46 million for the quarter, compared to the consensus estimate of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. On average, analysts anticipate that Federated Hermes, Inc. will post 3.83 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

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 dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Friday, November 8th. Federated Hermes’s dividend payout ratio is currently 39.87%.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the transaction, the vice president now owns 77,288 shares of the company’s stock, valued at $3,083,018.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the transaction, the vice president now owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

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.