Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Capital City Trust Co. FL

Capital City Trust Co. FL lessened its stake in Federated Hermes, Inc. (NYSE:FHI) by 9.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,516 shares of the company’s stock after selling 1,530 shares during the quarter. Capital City Trust Co. FL’s holdings in Federated Hermes were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after acquiring an additional 349 shares during the period. Mather Group LLC. purchased a new stake in Federated Hermes during the 2nd quarter valued at about $47,000. UMB Bank n.a. increased its holdings in shares of Federated Hermes by 26.0% in the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after purchasing an additional 296 shares during the last quarter. CWM LLC boosted its position in shares of Federated Hermes by 985.7% during the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after acquiring an additional 1,311 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of Federated Hermes by 134.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock valued at $64,000 after buying an additional 1,117 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Stock Up 0.4 %

FHI stock opened at $42.18 on Monday. The stock has a market capitalization of $3.45 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.17 and a beta of 1.15. The company has a fifty day moving average of $37.92 and a 200-day moving average of $34.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. Federated Hermes, Inc. has a one year low of $31.08 and a one year high of $42.56.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The firm had revenue of $408.46 million during the quarter, compared to the consensus estimate of $410.26 million. During the same quarter last year, the firm earned $0.86 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. As a group, analysts expect that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.94%. Federated Hermes’s dividend payout ratio (DPR) is presently 39.87%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FHI shares. Royal Bank of Canada raised their price objective on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $46.00 in a report on Monday, October 28th. UBS Group boosted their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Evercore ISI boosted their target price on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total transaction of $484,378.72. Following the sale, the chief executive officer now owns 179,096 shares of the company’s stock, valued at $7,138,766.56. The trade was a 6.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the sale, the vice president now owns 77,288 shares in the company, valued at approximately $3,083,018.32. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Federated Hermes 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.