Federated Hermes, Inc. $FHI Shares Sold by Country Club Bank

Country Club Bank reduced its position in Federated Hermes, Inc. (NYSE:FHI) by 31.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,538 shares of the company’s stock after selling 45,993 shares during the quarter. Country Club Bank owned about 0.13% of Federated Hermes worth $5,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its stake in shares of Federated Hermes by 38.5% in the first quarter. Deutsche Bank AG now owns 24,213 shares of the company’s stock worth $987,000 after buying an additional 6,734 shares in the last quarter. Paragon Capital Management Ltd acquired a new stake in Federated Hermes in the 2nd quarter valued at about $218,000. Capital Fund Management S.A. purchased a new position in Federated Hermes in the 1st quarter worth approximately $675,000. Russell Investments Group Ltd. boosted its holdings in shares of Federated Hermes by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 88,688 shares of the company’s stock worth $3,616,000 after purchasing an additional 9,071 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Federated Hermes by 104.5% during the 1st quarter. Hsbc Holdings PLC now owns 36,416 shares of the company’s stock worth $1,479,000 after purchasing an additional 18,610 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FHI. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. Evercore ISI boosted their price target on shares of Federated Hermes from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Zacks Research lowered shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Cowen reaffirmed a “hold” rating on shares of Federated Hermes in a research note on Tuesday, November 4th. Finally, Wall Street Zen cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $49.67.

Insiders Place Their Bets

In other news, insider Richard A. Novak sold 1,249 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $47.85, for a total transaction of $59,764.65. Following the completion of the transaction, the insider directly owned 57,500 shares in the company, valued at $2,751,375. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Dolores D. Dudiak sold 999 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total value of $47,822.13. Following the completion of the sale, the vice president owned 88,223 shares in the company, valued at $4,223,235.01. This represents a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,709 shares of company stock worth $1,049,146 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Federated Hermes Stock Up 1.1%

Shares of FHI opened at $52.68 on Thursday. The company’s 50-day moving average price is $50.15 and its 200 day moving average price is $49.37. Federated Hermes, Inc. has a 12-month low of $35.05 and a 12-month high of $54.42. The company has a current ratio of 3.13, a quick ratio of 2.58 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.09 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 0.55 and a beta of 0.76.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, October 30th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.23. The company had revenue of $469.45 million during the quarter, compared to analyst estimates of $442.67 million. Federated Hermes had a net margin of 21.86% and a return on equity of 33.03%. Federated Hermes’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share. On average, sell-side analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.36 dividend on an annualized basis and a yield of 2.6%. Federated Hermes’s payout ratio is presently 28.39%.

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.