StockNews.com initiated coverage on shares of Federated Hermes (NYSE:FHI – Get Rating) in a research report released on Thursday morning. The brokerage issued a buy rating on the stock.
Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Federated Hermes from $42.00 to $44.00 in a report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $36.13.
Federated Hermes Stock Performance
Shares of NYSE FHI opened at $39.71 on Thursday. The company has a quick ratio of 1.81, a current ratio of 2.53 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $39.25 and its two-hundred day moving average price is $36.50. Federated Hermes has a 52-week low of $27.88 and a 52-week high of $41.20. The stock has a market capitalization of $3.55 billion, a P/E ratio of 14.93 and a beta of 1.05.
Federated Hermes Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 8th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 2.72%. Federated Hermes’s dividend payout ratio is presently 40.60%.
Insider Activity at Federated Hermes
In other Federated Hermes news, insider Richard A. Novak sold 985 shares of Federated Hermes stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $39.39, for a total transaction of $38,799.15. Following the sale, the insider now owns 46,854 shares of the company’s stock, valued at approximately $1,845,579.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael J. Farrell sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $38.64, for a total value of $386,400.00. Following the completion of the sale, the director now directly owns 50,200 shares of the company’s stock, valued at approximately $1,939,728. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard A. Novak sold 985 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $39.39, for a total transaction of $38,799.15. Following the completion of the transaction, the insider now owns 46,854 shares of the company’s stock, valued at $1,845,579.06. The disclosure for this sale can be found here. Insiders have sold a total of 21,417 shares of company stock worth $833,461 in the last three months. 5.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On Federated Hermes
A number of institutional investors have recently added to or reduced their stakes in FHI. Wipfli Financial Advisors LLC acquired a new position in shares of Federated Hermes during the 3rd quarter valued at $30,000. CENTRAL TRUST Co grew its holdings in Federated Hermes by 310.8% during the third quarter. CENTRAL TRUST Co now owns 1,520 shares of the company’s stock worth $50,000 after acquiring an additional 1,150 shares during the period. Ronald Blue Trust Inc. raised its position in Federated Hermes by 158.8% in the third quarter. Ronald Blue Trust Inc. now owns 1,716 shares of the company’s stock worth $54,000 after acquiring an additional 1,053 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Federated Hermes by 157.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,962 shares of the company’s stock valued at $71,000 after acquiring an additional 1,199 shares during the last quarter. Finally, Adalta Capital Management LLC acquired a new stake in Federated Hermes in the 4th quarter valued at about $91,000. 78.82% of the stock is currently owned by institutional investors and hedge funds.
About Federated Hermes
Federated Hermes, Inc is engaged in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, federated funds, and separate accounts which include separately managed accounts, institutional accounts, sub-advised funds and other managed products in both domestic and international markets.
- Get a free copy of the StockNews.com research report on Federated Hermes (FHI)
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