Paul Uhlman Sells 72,392 Shares of Federated Hermes (NYSE:FHI) Stock

Federated Hermes, Inc. (NYSE:FHI) VP Paul Uhlman sold 72,392 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $56.23, for a total value of $4,070,602.16. Following the sale, the vice president owned 263,987 shares of the company’s stock, valued at approximately $14,843,989.01. This trade represents a 21.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Federated Hermes Stock Performance

Shares of FHI opened at $55.64 on Friday. The business’s 50 day moving average is $54.72 and its two-hundred day moving average is $52.53. Federated Hermes, Inc. has a 52-week low of $35.05 and a 52-week high of $57.82. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.95 and a beta of 0.73. The company has a quick ratio of 2.30, a current ratio of 2.75 and a debt-to-equity ratio of 0.29.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The company had revenue of $482.83 million during the quarter, compared to analysts’ expectations of $468.45 million. During the same period in the prior year, the business posted $1.04 EPS. The business’s revenue was up 13.7% on a year-over-year basis. Analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, February 6th. Federated Hermes’s dividend payout ratio is 26.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FHI shares. TD Cowen reissued a “hold” rating on shares of Federated Hermes in a research report on Wednesday, January 14th. Zacks Research cut shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $55.00 price target (up from $54.00) on shares of Federated Hermes in a research note on Tuesday, February 3rd. Wall Street Zen lowered Federated Hermes from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.00.

Institutional Trading of Federated Hermes

Institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its position in Federated Hermes by 24.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock valued at $52,000 after buying an additional 194 shares during the period. GAMMA Investing LLC boosted its position in Federated Hermes by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock worth $142,000 after acquiring an additional 210 shares during the period. MAI Capital Management boosted its position in Federated Hermes by 86.7% during the 3rd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $25,000 after acquiring an additional 221 shares during the period. RiverFront Investment Group LLC grew its stake in Federated Hermes by 4.7% during the 4th quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock valued at $299,000 after acquiring an additional 256 shares in the last quarter. Finally, Advyzon Investment Management LLC grew its stake in Federated Hermes by 6.0% during the 4th quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock valued at $239,000 after acquiring an additional 259 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Company Profile

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.