Cwm LLC Increases Stake in Federated Hermes, Inc. (NYSE:FHI)

Cwm LLC increased its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 74.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,523 shares of the company’s stock after purchasing an additional 1,079 shares during the period. Cwm LLC’s holdings in Federated Hermes were worth $93,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC raised its position in shares of Federated Hermes by 267.9% in the 2nd quarter. SG Americas Securities LLC now owns 26,820 shares of the company’s stock worth $882,000 after acquiring an additional 19,530 shares in the last quarter. Tidal Investments LLC purchased a new position in Federated Hermes during the 1st quarter worth $1,419,000. Ontario Teachers Pension Plan Board increased its position in Federated Hermes by 103.0% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 58,726 shares of the company’s stock valued at $2,121,000 after buying an additional 29,793 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Federated Hermes in the first quarter valued at about $1,542,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Federated Hermes by 39.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock worth $37,555,000 after acquiring an additional 324,958 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Federated Hermes news, VP John B. Fisher sold 79,830 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $32.71, for a total transaction of $2,611,239.30. Following the completion of the sale, the vice president now directly owns 442,570 shares in the company, valued at approximately $14,476,464.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by insiders.

Federated Hermes Price Performance

Shares of FHI opened at $38.63 on Friday. The company has a market capitalization of $3.19 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.18 and a beta of 1.16. The business’s 50-day moving average is $35.84 and its two-hundred day moving average is $34.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.09 and a current ratio of 2.75. Federated Hermes, Inc. has a fifty-two week low of $30.23 and a fifty-two week high of $40.29.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 28.60% and a net margin of 15.90%. The company had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. During the same period last year, the business earned $0.86 earnings per share. Federated Hermes’s quarterly revenue was up 1.4% on a year-over-year basis. Research analysts predict that Federated Hermes, Inc. will post 3.68 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Friday, November 8th. Federated Hermes’s dividend payout ratio (DPR) is presently 42.61%.

Analyst Upgrades and Downgrades

FHI has been the subject of several research analyst reports. StockNews.com upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on shares of Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Royal Bank of Canada raised their target price on Federated Hermes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. UBS Group boosted their price target on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen reduced their price objective on Federated Hermes from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.80.

Federated Hermes 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.