Federated Hermes, Inc. (NYSE:FHI) Short Interest Update

Federated Hermes, Inc. (NYSE:FHI) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 3,330,000 shares, a growth of 14.4% from the May 31st total of 2,910,000 shares. Approximately 4.1% of the company’s shares are short sold. Based on an average daily volume of 849,200 shares, the short-interest ratio is currently 3.9 days.

Insider Transactions at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 994 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $31.43, for a total value of $31,241.42. Following the transaction, the vice president now owns 298,578 shares in the company, valued at $9,384,306.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Federated Hermes news, VP Paul A. Uhlman sold 994 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $31.43, for a total value of $31,241.42. Following the completion of the sale, the vice president now owns 298,578 shares in the company, valued at approximately $9,384,306.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Paul A. Uhlman sold 975 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $32,175.00. Following the transaction, the vice president now directly owns 299,572 shares in the company, valued at $9,885,876. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,361 shares of company stock worth $76,360. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

A number of institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in shares of Federated Hermes by 71.1% during the fourth quarter. Fifth Third Bancorp now owns 739 shares of the company’s stock valued at $25,000 after buying an additional 307 shares during the last quarter. Headlands Technologies LLC lifted its position in Federated Hermes by 607.7% in the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after acquiring an additional 711 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in Federated Hermes by 216.4% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,041 shares of the company’s stock valued at $35,000 after purchasing an additional 712 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Federated Hermes by 65.7% in the 4th quarter. Signaturefd LLC now owns 1,382 shares of the company’s stock worth $47,000 after purchasing an additional 548 shares in the last quarter. Finally, Neo Ivy Capital Management raised its stake in shares of Federated Hermes by 637.5% in the fourth quarter. Neo Ivy Capital Management now owns 1,416 shares of the company’s stock worth $48,000 after purchasing an additional 1,224 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Stock Up 0.4 %

NYSE FHI traded up $0.12 during trading hours on Wednesday, reaching $33.17. 76,329 shares of the company’s stock traded hands, compared to its average volume of 785,096. Federated Hermes has a 52-week low of $30.23 and a 52-week high of $37.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.39 and a quick ratio of 2.45. The firm has a 50-day simple moving average of $32.69 and a 200 day simple moving average of $34.25. The firm has a market cap of $2.79 billion, a PE ratio of 9.39, a PEG ratio of 1.11 and a beta of 1.17.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, April 25th. The company reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. Federated Hermes had a net margin of 18.75% and a return on equity of 27.00%. The firm had revenue of $396.37 million during the quarter, compared to analyst estimates of $400.26 million. During the same period last year, the business earned $0.78 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that Federated Hermes will post 3.6 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently announced a None dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were issued a $1.31 dividend. This represents a yield of 3.8%. This is an increase from Federated Hermes’s previous None dividend of $1.27. The ex-dividend date of this dividend was Tuesday, May 7th. Federated Hermes’s payout ratio is 35.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group raised their target price on shares of Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. lifted their price objective on Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Finally, Evercore ISI reduced their target price on Federated Hermes from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. 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 company has an average rating of “Moderate Buy” and an average target price of $38.29.

Federated Hermes Company Profile

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.