UMB Bank n.a. Acquires 734 Shares of Federated Hermes, Inc. (NYSE:FHI)

UMB Bank n.a. boosted its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 55.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,065 shares of the company’s stock after acquiring an additional 734 shares during the quarter. UMB Bank n.a.’s holdings in Federated Hermes were worth $84,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FHI. Entropy Technologies LP lifted its holdings in shares of Federated Hermes by 39.6% during the fourth quarter. Entropy Technologies LP now owns 8,139 shares of the company’s stock worth $335,000 after purchasing an additional 2,307 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Federated Hermes during the 4th quarter worth $292,000. Congress Asset Management Co. lifted its holdings in Federated Hermes by 4.7% during the 4th quarter. Congress Asset Management Co. now owns 51,571 shares of the company’s stock worth $2,120,000 after buying an additional 2,294 shares during the period. Sanctuary Advisors LLC grew its position in shares of Federated Hermes by 78.5% in the 4th quarter. Sanctuary Advisors LLC now owns 23,046 shares of the company’s stock valued at $916,000 after buying an additional 10,135 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Federated Hermes in the fourth quarter valued at about $214,000. 75.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FHI. Evercore ISI lifted their price objective on Federated Hermes from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Wall Street Zen upgraded shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday, April 28th. TD Cowen lowered shares of Federated Hermes from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, Royal Bank of Canada lifted their target price on shares of Federated Hermes from $37.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Federated Hermes currently has an average rating of “Hold” and an average price target of $42.33.

Insider Activity

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total transaction of $255,241.98. Following the completion of the sale, the vice president now owns 316,930 shares in the company, valued at approximately $13,355,430.20. The trade was a 1.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by company insiders.

Federated Hermes Price Performance

Federated Hermes stock opened at $42.81 on Friday. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 1.00 and a beta of 0.78. Federated Hermes, Inc. has a 52-week low of $31.24 and a 52-week high of $43.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The stock’s 50 day moving average price is $40.69 and its two-hundred day moving average price is $40.15.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. The company had revenue of $423.54 million for the quarter, compared to the consensus estimate of $425.43 million. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Federated Hermes’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS. On average, equities analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, May 8th. This is a boost from Federated Hermes’s previous quarterly dividend of $0.31. Federated Hermes’s dividend payout ratio is 38.31%.

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.