Bryan Burke Sells 4,000 Shares of Federated Hermes (NYSE:FHI) Stock

Federated Hermes, Inc. (NYSE:FHI) VP Bryan Burke sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $54.20, for a total value of $216,800.00. Following the transaction, the vice president directly owned 74,921 shares in the company, valued at $4,060,718.20. This trade represents a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Federated Hermes Stock Performance

Federated Hermes stock opened at $55.86 on Friday. The stock’s 50 day moving average price is $56.62 and its 200 day moving average price is $53.53. Federated Hermes, Inc. has a one year low of $41.55 and a one year high of $59.05. The firm has a market capitalization of $4.24 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.30 and a current ratio of 3.28.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.The company had revenue of $478.96 million for the quarter, compared to analyst estimates of $475.22 million. During the same period in the prior year, the company posted $1.25 EPS. Federated Hermes’s quarterly revenue was up 13.1% on a year-over-year basis. As a group, sell-side analysts expect that Federated Hermes, Inc. will post 5.08 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 8th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s dividend payout ratio is currently 26.36%.

Institutional Investors Weigh In On Federated Hermes

A number of institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its holdings in shares of Federated Hermes by 24.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock valued at $52,000 after acquiring an additional 194 shares during the last quarter. GAMMA Investing LLC raised its stake in Federated Hermes by 8.3% during the fourth quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock worth $142,000 after acquiring an additional 210 shares during the period. MAI Capital Management raised its stake in Federated Hermes by 86.7% during the third quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after acquiring an additional 221 shares during the period. Root Financial Partners LLC lifted its holdings in Federated Hermes by 71.0% in the first quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock worth $32,000 after acquiring an additional 237 shares during the last quarter. Finally, RiverFront Investment Group LLC lifted its holdings in Federated Hermes by 4.7% in the fourth quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock worth $299,000 after acquiring an additional 256 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FHI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research report on Tuesday, April 21st. TD Cowen cut their target price on Federated Hermes from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. JPMorgan Chase & Co. cut their target price on Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research report on Monday, May 4th. Wall Street Zen lowered Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Argus raised Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $54.00.

Federated Hermes Company Profile

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.