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.
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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