Federated Hermes, Inc. (NYSE:FHI) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,515 shares of the company’s stock after purchasing an additional 943 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Federated Hermes were worth $288,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in Federated Hermes by 69.9% during the third quarter. Signaturefd LLC now owns 834 shares of the company’s stock worth $28,000 after purchasing an additional 343 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in Federated Hermes by 114.3% during the third quarter. Ronald Blue Trust Inc. now owns 2,201 shares of the company’s stock worth $79,000 after purchasing an additional 1,174 shares during the last quarter. SG Americas Securities LLC acquired a new position in Federated Hermes during the fourth quarter worth $128,000. Cape Investment Advisory Inc. purchased a new position in Federated Hermes during the third quarter worth $200,000. Finally, Gabelli Funds LLC increased its position in Federated Hermes by 16.7% during the third quarter. Gabelli Funds LLC now owns 7,000 shares of the company’s stock worth $237,000 after buying an additional 1,000 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FHI has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price target on Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. UBS Group raised their price target on Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. TD Cowen initiated coverage on Federated Hermes in a research report on Thursday, January 4th. They set a “market perform” rating and a $32.00 price target for the company. Finally, Royal Bank of Canada lifted their price objective on Federated Hermes from $36.00 to $37.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.50.

Insider Activity at Federated Hermes

In related news, VP Paul A. Uhlman sold 90,745 shares of Federated Hermes stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total value of $3,199,668.70. Following the transaction, the vice president now owns 289,904 shares in the company, valued at $10,222,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Paul A. Uhlman sold 13,820 shares of Federated Hermes stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $36.20, for a total value of $500,284.00. Following the transaction, the vice president now owns 276,084 shares in the company, valued at $9,994,240.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul A. Uhlman sold 90,745 shares of Federated Hermes stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $35.26, for a total value of $3,199,668.70. Following the completion of the transaction, the vice president now owns 289,904 shares in the company, valued at approximately $10,222,015.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,435 shares of company stock worth $4,092,831. 3.70% of the stock is owned by insiders.

Federated Hermes Price Performance

Shares of NYSE:FHI opened at $35.37 on Tuesday. The company has a market cap of $2.99 billion, a P/E ratio of 10.37, a P/E/G ratio of 0.83 and a beta of 1.12. The company has a quick ratio of 1.89, a current ratio of 2.51 and a debt-to-equity ratio of 0.31. Federated Hermes, Inc. has a 52 week low of $30.23 and a 52 week high of $43.22. The business has a fifty day simple moving average of $35.68 and a 200-day simple moving average of $34.10.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Friday, January 26th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.12. Federated Hermes had a return on equity of 26.76% and a net margin of 18.58%. The business had revenue of $391.50 million during the quarter, compared to the consensus estimate of $396.97 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts forecast that Federated Hermes, Inc. will post 3.76 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Wednesday, February 7th. Federated Hermes’s payout ratio is currently 32.84%.

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.