Janney Montgomery Scott LLC Has $1.76 Million Stock Position in Federated Hermes, Inc. (NYSE:FHI)

Janney Montgomery Scott LLC reduced its holdings in Federated Hermes, Inc. (NYSE:FHI) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 47,719 shares of the company’s stock after selling 740 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Federated Hermes worth $1,755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FHI. BNP Paribas Financial Markets increased its position in Federated Hermes by 69.3% in the 1st quarter. BNP Paribas Financial Markets now owns 36,615 shares of the company’s stock valued at $1,323,000 after acquiring an additional 14,987 shares during the period. SG Americas Securities LLC increased its position in shares of Federated Hermes by 92.2% during the first quarter. SG Americas Securities LLC now owns 7,290 shares of the company’s stock worth $263,000 after buying an additional 3,497 shares during the period. Headlands Technologies LLC increased its position in shares of Federated Hermes by 607.7% during the first quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock worth $30,000 after buying an additional 711 shares during the period. Russell Investments Group Ltd. increased its position in shares of Federated Hermes by 42.3% during the first quarter. Russell Investments Group Ltd. now owns 6,876 shares of the company’s stock worth $248,000 after buying an additional 2,043 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Federated Hermes by 78.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 69,814 shares of the company’s stock worth $2,522,000 after buying an additional 30,621 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $7,138,766.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Dolores D. Dudiak sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Federated Hermes Stock Down 0.7 %

Federated Hermes stock opened at $41.64 on Thursday. Federated Hermes, Inc. has a 1-year low of $31.08 and a 1-year high of $42.56. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.15. The firm’s fifty day moving average price is $37.46 and its two-hundred day moving average price is $34.68. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share 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 company had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. During the same period last year, the firm earned $0.86 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. On average, equities research analysts predict that Federated Hermes, Inc. will post 3.83 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Friday, November 8th. Federated Hermes’s payout ratio is currently 39.87%.

Wall Street Analysts Forecast Growth

FHI has been the subject of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday. UBS Group increased their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Finally, Evercore ISI increased their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

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.