Federated Hermes, Inc. (NYSE:FHI) VP Dolores D. Dudiak Sells 3,000 Shares of Stock

Federated Hermes, Inc. (NYSE:FHI) VP Dolores D. Dudiak sold 3,000 shares of the company’s stock in a transaction on Friday, August 20th. The stock was sold at an average price of $33.30, for a total value of $99,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

NYSE FHI opened at $31.23 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.85 and a current ratio of 2.65. The firm has a market cap of $3.05 billion, a PE ratio of 10.11 and a beta of 1.16. Federated Hermes, Inc. has a one year low of $20.34 and a one year high of $34.74. The firm’s fifty day moving average is $32.89 and its two-hundred day moving average is $32.00.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, July 29th. The company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. Federated Hermes had a net margin of 22.55% and a return on equity of 27.94%. Research analysts predict that Federated Hermes, Inc. will post 2.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 13th. Shareholders of record on Friday, August 6th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Thursday, August 5th. Federated Hermes’s dividend payout ratio is currently 33.44%.

Several institutional investors have recently added to or reduced their stakes in FHI. FMR LLC lifted its position in shares of Federated Hermes by 1,455.0% in the 2nd quarter. FMR LLC now owns 3,841,885 shares of the company’s stock worth $130,278,000 after buying an additional 3,594,811 shares during the last quarter. Ruffer LLP acquired a new stake in shares of Federated Hermes during the second quarter worth approximately $108,386,000. Victory Capital Management Inc. lifted its stake in Federated Hermes by 221.2% in the second quarter. Victory Capital Management Inc. now owns 1,414,158 shares of the company’s stock valued at $47,954,000 after acquiring an additional 973,846 shares during the last quarter. BlackRock Inc. lifted its stake in Federated Hermes by 6.5% in the first quarter. BlackRock Inc. now owns 13,215,801 shares of the company’s stock valued at $413,655,000 after acquiring an additional 801,494 shares during the last quarter. Finally, Samlyn Capital LLC acquired a new stake in Federated Hermes in the first quarter valued at approximately $17,109,000. 80.46% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Federated Hermes from a “sell” rating to a “hold” rating and set a $36.00 target price on the stock in a research report on Wednesday, June 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Federated Hermes from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, July 12th. They noted that the move was a valuation call. Finally, Citigroup raised their target price on shares of Federated Hermes from $31.50 to $33.50 and gave the stock a “neutral” rating in a research note on Monday, July 12th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.88.

About Federated Hermes

Federated Hermes, Inc engages in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, Federated Funds, and Separate Accounts which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets.

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