Federated Hermes, Inc. (NYSE:FHI) Holdings Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its holdings in Federated Hermes, Inc. (NYSE:FHIFree Report) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,606 shares of the company’s stock after selling 5,412 shares during the period. Retirement Systems of Alabama owned about 0.12% of Federated Hermes worth $3,706,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp lifted its position in shares of Federated Hermes by 71.1% in the fourth quarter. Fifth Third Bancorp now owns 739 shares of the company’s stock worth $25,000 after purchasing an additional 307 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in Federated Hermes by 216.4% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,041 shares of the company’s stock valued at $35,000 after buying an additional 712 shares during the period. Signaturefd LLC lifted its position in 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 buying an additional 548 shares in the last quarter. Neo Ivy Capital Management boosted its stake in shares of Federated Hermes by 637.5% during the 4th quarter. Neo Ivy Capital Management now owns 1,416 shares of the company’s stock valued at $48,000 after buying an additional 1,224 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of Federated Hermes by 23.4% during the 4th quarter. Parallel Advisors LLC now owns 2,187 shares of the company’s stock valued at $74,000 after acquiring an additional 414 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Stock Performance

FHI opened at $32.57 on Friday. The stock has a 50-day moving average of $32.62 and a 200-day moving average of $34.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 3.39. Federated Hermes, Inc. has a 52-week low of $30.23 and a 52-week high of $37.31. The company has a market cap of $2.74 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.10 and a beta of 1.17.

Federated Hermes (NYSE:FHIGet Free Report) last announced its earnings results on Thursday, April 25th. The company reported $0.89 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.89. Federated Hermes had a return on equity of 27.00% and a net margin of 18.75%. The firm had revenue of $396.37 million during the quarter, compared to analysts’ expectations of $400.26 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that Federated Hermes, Inc. will post 3.6 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

FHI has been the subject of several recent research reports. Evercore ISI cut their price objective on Federated Hermes from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. 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 note on Wednesday, April 17th. Finally, UBS Group boosted their price target on Federated Hermes from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.29.

Read Our Latest Analysis on FHI

Federated Hermes Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Federated Hermes (NYSE:FHI)

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