8,898 Shares in Federated Hermes, Inc. (NYSE:FHI) Acquired by RHS Financial LLC

RHS Financial LLC acquired 8,898 shares of Federated Hermes, Inc. (NYSE:FHI) valued at approximately $363,000 in Q1, as per SEC filings. Other institutional investors also increased their stakes. Analysts have mixed ratings on the stock, with an average target price of $42.33. Federated Hermes reported a Q1 EPS of $1.10, exceeding estimates, and declared a quarterly dividend of $0.34 per share, yielding 3.22%. The stock is currently down 1.5%, trading at $42.18.

RHS Financial LLC purchased a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,898 shares of the company's stock, valued at approximately $363,000.

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Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Federated Hermes by 246.6% during the first quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock worth $35,000 after buying an additional 614 shares during the last quarter. Quarry LP bought a new stake in shares of Federated Hermes during the fourth quarter worth approximately $37,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Federated Hermes during the fourth quarter worth approximately $73,000. UMB Bank n.a. raised its stake in shares of Federated Hermes by 55.1% during the first quarter. UMB Bank n.a. now owns 2,065 shares of the company's stock worth $84,000 after buying an additional 734 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Federated Hermes during the fourth quarter worth approximately $90,000. 75.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI upped their target price on shares of Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Royal Bank of Canada upped their target price on shares of Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. TD Cowen downgraded shares of Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $42.33.

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Insider Buying and Selling at Federated Hermes

In other news, VP Paul A. Uhlman sold 6,057 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $42.14, for a total value of $255,241.98. Following the sale, the vice president now directly owns 316,930 shares in the company, valued at approximately $13,355,430.20. This trade represents a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.80% of the company's stock.

Federated Hermes Stock Down 1.5%

Federated Hermes stock opened at $42.18 on Friday. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a 50 day moving average of $40.82 and a 200-day moving average of $40.13. The stock has a market capitalization of $3.34 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.00 and a beta of 0.78. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.19. The firm had revenue of $423.54 million during the quarter, compared to analysts' expectations of $425.43 million. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. On average, equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors 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 yield of 3.22%. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date was Thursday, May 8th. Federated Hermes's dividend payout ratio (DPR) is currently 38.31%.

About Federated Hermes

(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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