Gamco Investors INC. ET AL Sells 11,078 Shares of Federated Hermes, Inc. $FHI

Gamco Investors INC. ET AL decreased its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 10.8% in the 1st quarter, HoldingsChannel reports. The fund owned 91,571 shares of the company’s stock after selling 11,078 shares during the period. Gamco Investors INC. ET AL’s holdings in Federated Hermes were worth $5,193,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its holdings in shares of Federated Hermes by 24.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock valued at $52,000 after buying an additional 194 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Federated Hermes by 8.3% in the 4th quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock worth $142,000 after acquiring an additional 210 shares during the last quarter. Root Financial Partners LLC lifted its position in Federated Hermes by 71.0% in the 1st quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock valued at $32,000 after acquiring an additional 237 shares in the last quarter. RiverFront Investment Group LLC lifted its position in Federated Hermes by 4.7% in the 4th quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock valued at $299,000 after acquiring an additional 256 shares in the last quarter. Finally, Advyzon Investment Management LLC boosted its stake in Federated Hermes by 6.0% during the 4th quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock valued at $239,000 after purchasing an additional 259 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $57.83 on Monday. Federated Hermes, Inc. has a twelve month low of $46.66 and a twelve month high of $60.77. The stock’s 50 day moving average price is $57.18 and its 200-day moving average price is $56.03. The company has a market capitalization of $4.39 billion, a PE ratio of 11.21, a PEG ratio of 1.56 and a beta of 0.65. The company has a quick ratio of 2.73, a current ratio of 3.28 and a debt-to-equity ratio of 0.29.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.07. The company had revenue of $478.96 million during the quarter, compared to analyst estimates of $475.22 million. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.Federated Hermes’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. On average, equities analysts anticipate that Federated Hermes, Inc. will post 5.24 EPS for the current year.

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a $0.38 dividend. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. This represents a $1.52 dividend on an annualized basis and a yield of 2.6%. Federated Hermes’s dividend payout ratio is currently 29.46%.

Insider Buying and Selling at Federated Hermes

In related news, VP Bryan M. Burke sold 4,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.20, for a total transaction of $216,800.00. Following the completion of the transaction, the vice president owned 74,921 shares in the company, valued at approximately $4,060,718.20. This represents a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Saker Anwar Nusseibeh sold 8,950 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $57.34, for a total transaction of $513,193.00. Following the transaction, the chief executive officer owned 151,276 shares of the company’s stock, valued at approximately $8,674,165.84. The trade was a 5.59% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FHI. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a report on Friday, July 17th. Royal Bank Of Canada raised their target price on Federated Hermes from $54.00 to $57.00 and gave the company a “sector perform” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. cut their target price on Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research report on Monday, May 4th. TD Cowen decreased their price target on Federated Hermes from $58.00 to $54.00 and set a “hold” rating for the company in a report on Monday, May 4th. Finally, Wall Street Zen cut Federated Hermes from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $55.75.

About Federated Hermes

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.