International Assets Investment Management LLC Takes $679,000 Position in Federated Hermes, Inc. (NYSE:FHI)

International Assets Investment Management LLC purchased a new stake in shares of Federated Hermes, Inc. (NYSE:FHI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,045 shares of the company’s stock, valued at approximately $679,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp raised its stake 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 acquiring an additional 307 shares in the last quarter. Signaturefd LLC increased its holdings in Federated Hermes by 69.9% during the third quarter. Signaturefd LLC now owns 834 shares of the company’s stock valued at $28,000 after buying an additional 343 shares during the period. Blue Trust Inc. increased its holdings in Federated Hermes by 23.0% during the fourth quarter. Blue Trust Inc. now owns 2,708 shares of the company’s stock valued at $92,000 after buying an additional 507 shares during the period. SG Americas Securities LLC purchased a new position in Federated Hermes during the fourth quarter valued at approximately $128,000. Finally, Cape Investment Advisory Inc. purchased a new position in Federated Hermes during the third quarter valued at approximately $200,000. Institutional investors own 75.94% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other news, insider Richard A. Novak sold 908 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $36.07, for a total transaction of $32,751.56. Following the sale, the insider now directly owns 49,068 shares of the company’s stock, valued at $1,769,882.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Paul A. Uhlman sold 90,745 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the sale, the vice president now directly owns 289,904 shares of the company’s stock, valued at $10,222,015.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard A. Novak sold 908 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $36.07, for a total transaction of $32,751.56. Following the sale, the insider now directly owns 49,068 shares in the company, valued at $1,769,882.76. The disclosure for this sale can be found here. Insiders have sold 115,435 shares of company stock valued at $4,092,831 over the last ninety days. 3.70% of the stock is currently owned by insiders.

Federated Hermes Price Performance

NYSE FHI opened at $34.98 on Thursday. The firm’s fifty day simple moving average is $35.67 and its two-hundred day simple moving average is $34.11. The company has a current ratio of 2.51, a quick ratio of 1.89 and a debt-to-equity ratio of 0.31. Federated Hermes, Inc. has a 12-month low of $30.23 and a 12-month high of $43.01. The firm has a market capitalization of $2.95 billion, a P/E ratio of 10.26, a P/E/G ratio of 0.83 and a beta of 1.12.

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

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.