Paul A. Uhlman Sells 6,311 Shares of Federated Hermes, Inc. (NYSE:FHI) Stock

Federated Hermes, Inc. (NYSE:FHI) VP Paul A. Uhlman sold 6,311 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total transaction of $261,212.29. Following the sale, the vice president now owns 310,767 shares of the company’s stock, valued at approximately $12,862,646.13. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Federated Hermes Stock Performance

FHI stock opened at $41.71 on Friday. The company has a market capitalization of $3.41 billion, a P/E ratio of 13.41, a PEG ratio of 1.15 and a beta of 1.15. The company has a 50-day simple moving average of $38.53 and a 200 day simple moving average of $35.09. Federated Hermes, Inc. has a fifty-two week low of $31.08 and a fifty-two week high of $42.56. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32.

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

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s payout ratio is currently 39.87%.

Institutional Investors Weigh In On Federated Hermes

Several institutional investors have recently bought and sold shares of the stock. Passumpsic Savings Bank acquired a new stake in Federated Hermes in the 3rd quarter valued at about $206,000. Hohimer Wealth Management LLC acquired a new stake in Federated Hermes in the 3rd quarter valued at about $228,000. Neo Ivy Capital Management acquired a new stake in Federated Hermes in the 3rd quarter valued at about $60,000. Geode Capital Management LLC lifted its holdings in Federated Hermes by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock valued at $45,982,000 after acquiring an additional 92,643 shares during the last quarter. Finally, Vestcor Inc lifted its stake in Federated Hermes by 7.1% during the third quarter. Vestcor Inc now owns 149,625 shares of the company’s stock valued at $5,502,000 after buying an additional 9,885 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group boosted their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.33.

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.