Federated Hermes, Inc. (NYSE:FHI) Short Interest Update

Federated Hermes, Inc. (NYSE:FHIGet Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,450,000 shares, a growth of 16.0% from the February 29th total of 1,250,000 shares. Based on an average daily volume of 708,500 shares, the short-interest ratio is currently 2.0 days. Approximately 1.8% of the shares of the stock are short sold.

Insider Activity at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 8,302 shares of Federated Hermes stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $36.15, for a total value of $300,117.30. Following the completion of the transaction, the chief executive officer now directly owns 178,176 shares of the company’s stock, valued at $6,441,062.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Saker Anwar Nusseibeh sold 8,302 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $36.15, for a total value of $300,117.30. Following the transaction, the chief executive officer now owns 178,176 shares in the company, valued at $6,441,062.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Paul A. Uhlman sold 90,745 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $35.26, for a total value of $3,199,668.70. Following the completion of the transaction, the vice president now directly owns 289,904 shares in the company, valued at approximately $10,222,015.04. The disclosure for this sale can be found here. Insiders sold 115,435 shares of company stock valued at $4,092,831 in the last three months. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Federated Hermes

Several hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL lifted its holdings in Federated Hermes by 0.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 91,200 shares of the company’s stock worth $3,088,000 after purchasing an additional 300 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Federated Hermes by 71.1% in the fourth quarter. Fifth Third Bancorp now owns 739 shares of the company’s stock worth $25,000 after buying an additional 307 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of Federated Hermes by 3.7% in the fourth quarter. Eqis Capital Management Inc. now owns 8,920 shares of the company’s stock valued at $324,000 after acquiring an additional 321 shares during the period. Whitener Capital Management Inc. boosted its stake in Federated Hermes by 3.6% during the third quarter. Whitener Capital Management Inc. now owns 9,450 shares of the company’s stock valued at $320,000 after buying an additional 330 shares during the period. Finally, Signaturefd LLC grew its position in Federated Hermes by 69.9% during the third quarter. Signaturefd LLC now owns 834 shares of the company’s stock worth $28,000 after buying an additional 343 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Stock Up 0.7 %

Shares of NYSE FHI traded up $0.26 during mid-day trading on Tuesday, hitting $36.35. The company had a trading volume of 774,275 shares, compared to its average volume of 740,461. The company has a current ratio of 2.51, a quick ratio of 1.89 and a debt-to-equity ratio of 0.31. The firm has a 50-day simple moving average of $35.45 and a two-hundred day simple moving average of $33.91. The company has a market capitalization of $3.07 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.12. Federated Hermes has a one year low of $30.23 and a one year high of $45.55.

Federated Hermes (NYSE:FHIGet Free Report) last announced its earnings results on Friday, January 26th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.84 by $0.12. Federated Hermes had a return on equity of 26.76% and a net margin of 18.58%. The firm had revenue of $391.50 million for the quarter, compared to the consensus estimate of $396.97 million. During the same period in the previous year, the business earned $0.90 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Federated Hermes will post 3.64 EPS for the current year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Wednesday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is presently 32.84%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FHI. UBS Group started coverage on Federated Hermes in a research note on Friday, January 5th. They issued a “neutral” rating and a $35.00 target price for the company. TD Cowen started coverage on shares of Federated Hermes in a report on Thursday, January 4th. They set a “market perform” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of Federated Hermes from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Finally, Royal Bank of Canada lifted their price target on Federated Hermes from $36.00 to $37.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Federated Hermes has an average rating of “Moderate Buy” and an average target price of $38.43.

Check Out Our Latest Stock Analysis on FHI

Federated Hermes Company Profile

(Get Free Report)

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.

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