Barclays PLC Boosts Stock Holdings in Federated Hermes, Inc. (NYSE:FHI)

Barclays PLC lifted its stake in Federated Hermes, Inc. (NYSE:FHI) by 228.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,650 shares of the company’s stock after buying an additional 150,017 shares during the period. Barclays PLC owned approximately 0.26% of Federated Hermes worth $7,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can increased its stake in Federated Hermes by 102.7% in the 2nd quarter. Bank of Montreal Can now owns 282,995 shares of the company’s stock worth $9,308,000 after purchasing an additional 143,363 shares during the period. GAMMA Investing LLC grew its holdings in shares of Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after purchasing an additional 349 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Federated Hermes by 24.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock worth $28,282,000 after buying an additional 152,926 shares during the period. Factorial Partners LLC raised its holdings in Federated Hermes by 11.5% during the 3rd quarter. Factorial Partners LLC now owns 160,239 shares of the company’s stock valued at $5,892,000 after buying an additional 16,500 shares during the last quarter. Finally, Paralel Advisors LLC purchased a new stake in Federated Hermes during the 2nd quarter valued at $2,078,000. Institutional investors own 75.94% of the company’s stock.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the sale, the chief executive officer now owns 179,096 shares of the company’s stock, valued at $7,138,766.56. This trade represents a 6.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Paul A. Uhlman sold 6,311 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total value of $261,212.29. Following the completion of the transaction, the vice president now directly owns 310,767 shares in the company, valued at approximately $12,862,646.13. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,280 shares of company stock valued at $1,185,871. Corporate insiders own 3.70% of the company’s stock.

Federated Hermes Trading Down 1.6 %

FHI opened at $41.95 on Wednesday. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. The stock has a market cap of $3.43 billion, a PE ratio of 13.49, a PEG ratio of 1.19 and a beta of 1.15. The business has a 50 day moving average of $40.79 and a 200-day moving average of $36.37.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.92 by $0.14. The business had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. Equities research analysts predict that Federated Hermes, Inc. will post 3.88 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s dividend payout ratio (DPR) is presently 39.87%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FHI. UBS Group boosted their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI boosted their price target on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Finally, Royal Bank of Canada raised their price target on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.33.

Federated Hermes Company 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.