CWA Asset Management Group LLC Sells 804 Shares of Federated Hermes, Inc. (NYSE:FHI)

CWA Asset Management Group LLC cut its holdings in Federated Hermes, Inc. (NYSE:FHI) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,024 shares of the company’s stock after selling 804 shares during the period. CWA Asset Management Group LLC’s holdings in Federated Hermes were worth $1,440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after acquiring an additional 646 shares in the last quarter. DGS Capital Management LLC lifted its holdings in Federated Hermes by 4.7% during the 3rd quarter. DGS Capital Management LLC now owns 20,715 shares of the company’s stock worth $762,000 after purchasing an additional 931 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Federated Hermes in the 3rd quarter worth about $113,000. Sanctuary Advisors LLC purchased a new position in Federated Hermes during the 3rd quarter valued at about $475,000. Finally, Passumpsic Savings Bank purchased a new position in Federated Hermes during the 3rd quarter valued at about $206,000. 75.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FHI shares. Evercore ISI raised their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. UBS Group raised their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Federated Hermes currently has an average rating of “Moderate Buy” and an average price target of $43.33.

Federated Hermes Stock Down 1.2 %

Shares of NYSE:FHI opened at $40.60 on Tuesday. The firm has a market capitalization of $3.32 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92. The firm has a fifty day moving average of $41.68 and a 200 day moving average of $37.23.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. As a group, research analysts anticipate that Federated Hermes, Inc. will post 3.88 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s dividend payout ratio (DPR) is presently 39.87%.

Insider Transactions at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the completion of the sale, the chief executive officer now owns 179,096 shares in the company, valued at approximately $7,138,766.56. The trade was a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total value of $56,523.61. Following the sale, the insider now directly owns 53,837 shares of the company’s stock, valued at approximately $2,232,620.39. This trade represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,280 shares of company stock worth $1,185,871. 3.70% of the stock is currently owned by 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.