Blue Trust Inc. Acquires 507 Shares of Federated Hermes, Inc. (NYSE:FHI)

Blue Trust Inc. grew its stake in Federated Hermes, Inc. (NYSE:FHIFree Report) by 23.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,708 shares of the company’s stock after acquiring an additional 507 shares during the period. Blue Trust Inc.’s holdings in Federated Hermes were worth $92,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FHI. Signaturefd LLC grew its stake in shares of Federated Hermes by 69.9% in the third quarter. Signaturefd LLC now owns 834 shares of the company’s stock valued at $28,000 after buying an additional 343 shares in the last quarter. Quarry LP acquired a new stake in Federated Hermes in the second quarter valued at $29,000. Pinebridge Investments L.P. bought a new position in shares of Federated Hermes in the 2nd quarter valued at about $37,000. CENTRAL TRUST Co grew its holdings in Federated Hermes by 310.8% during the third quarter. CENTRAL TRUST Co now owns 1,520 shares of the company’s stock worth $50,000 after purchasing an additional 1,150 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Federated Hermes in the second quarter valued at approximately $51,000. Institutional investors own 75.94% of the company’s stock.

Insider Buying and Selling at Federated Hermes

In related news, VP Meter Stephen Van sold 1,660 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $36.15, for a total value of $60,009.00. Following the sale, the vice president now owns 31,689 shares of the company’s stock, valued at $1,145,557.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Federated Hermes news, VP Paul A. Uhlman sold 90,745 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the completion of the sale, the vice president now directly owns 289,904 shares in the company, valued at approximately $10,222,015.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Meter Stephen Van sold 1,660 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $36.15, for a total value of $60,009.00. Following the sale, the vice president now owns 31,689 shares in the company, valued at approximately $1,145,557.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,435 shares of company stock worth $4,092,831. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FHI has been the topic of several research reports. UBS Group began coverage on shares of Federated Hermes in a report on Friday, January 5th. They issued a “neutral” rating and a $35.00 price objective on the stock. TD Cowen started coverage on shares of Federated Hermes in a report on Thursday, January 4th. They issued a “market perform” rating and a $32.00 price target on the stock. Royal Bank of Canada boosted their price objective on Federated Hermes from $36.00 to $37.00 and gave the stock a “sector perform” rating in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on Federated Hermes from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.43.

View Our Latest Analysis on FHI

Federated Hermes Trading Up 0.0 %

Shares of FHI stock opened at $36.36 on Thursday. Federated Hermes, Inc. has a fifty-two week low of $30.23 and a fifty-two week high of $45.55. The stock’s fifty day moving average price is $35.54 and its two-hundred day moving average price is $33.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.89 and a current ratio of 2.51. The company has a market cap of $3.07 billion, a PE ratio of 10.66, a P/E/G ratio of 0.81 and a beta of 1.12.

Federated Hermes (NYSE:FHIGet Free Report) last announced its quarterly earnings results on Friday, January 26th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.12. The company had revenue of $391.50 million for the quarter, compared to analyst estimates of $396.97 million. Federated Hermes had a net margin of 18.58% and a return on equity of 26.76%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. Equities analysts predict that Federated Hermes, Inc. will post 3.64 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Wednesday, February 7th. Federated Hermes’s payout ratio is 32.84%.

Federated Hermes Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Federated Hermes (NYSE:FHI)

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