Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC lowered its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 3.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 355,055 shares of the company’s stock after selling 13,100 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Federated Hermes were worth $13,055,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FHI. State of Alaska Department of Revenue raised its position in shares of Federated Hermes by 3.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock valued at $336,000 after acquiring an additional 275 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Federated Hermes by 26.0% during the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after purchasing an additional 296 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Federated Hermes by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock worth $612,000 after buying an additional 340 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 349 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Federated Hermes by 23.3% during the 2nd quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock valued at $111,000 after buying an additional 643 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were 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 directly owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. This represents a 6.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of Federated Hermes stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total transaction of $56,523.61. Following the completion of the transaction, the insider now directly owns 53,837 shares in the company, valued at $2,232,620.39. This represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,280 shares of company stock worth $1,185,871 over the last ninety days. Company insiders own 3.70% of the company’s stock.

Federated Hermes Trading Down 0.6 %

NYSE:FHI opened at $42.45 on Wednesday. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.19 and a beta of 1.15. 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 1 year low of $31.24 and a 1 year high of $43.23. The business has a fifty day moving average of $39.60 and a 200-day moving average of $35.67.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (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 analyst estimates of $410.26 million. During the same quarter in the prior year, the firm posted $0.86 EPS. Federated Hermes’s revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Federated Hermes, Inc. will post 3.88 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 2.92%. Federated Hermes’s payout ratio is 39.87%.

About Federated Hermes

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.