DGS Capital Management LLC Acquires 931 Shares of Federated Hermes, Inc. (NYSE:FHI)

DGS Capital Management LLC increased its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,715 shares of the company’s stock after acquiring an additional 931 shares during the quarter. DGS Capital Management LLC’s holdings in Federated Hermes were worth $762,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Federated Hermes during the 3rd quarter worth about $113,000. Sanctuary Advisors LLC bought a new position in Federated Hermes during the third quarter valued at about $475,000. Passumpsic Savings Bank acquired a new position in Federated Hermes in the 3rd quarter valued at approximately $206,000. Hohimer Wealth Management LLC bought a new stake in shares of Federated Hermes during the third quarter valued at approximately $228,000. Finally, Neo Ivy Capital Management bought a new position in shares of Federated Hermes during the 3rd quarter worth about $60,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Stock Down 0.4 %

Shares of Federated Hermes stock traded down $0.19 during trading hours on Friday, reaching $42.45. 17,929 shares of the company’s stock were exchanged, compared to its average volume of 696,251. The stock has a market cap of $3.47 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.19 and a beta of 1.15. The company has a 50 day moving average of $40.43 and a two-hundred day moving average of $36.12. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. On average, sell-side analysts forecast that Federated Hermes, Inc. will post 3.88 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.92%. Federated Hermes’s dividend payout ratio is presently 39.87%.

Insider Activity at Federated Hermes

In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total value of $199,450.00. Following the sale, the vice president now owns 77,288 shares in the company, valued at $3,083,018.32. This trade represents a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Paul A. Uhlman sold 6,311 shares of Federated Hermes stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total value of $261,212.29. Following the transaction, the vice president now directly owns 310,767 shares in the company, valued at $12,862,646.13. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,280 shares of company stock worth $1,185,871. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

FHI has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. Evercore ISI upped their price objective on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

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.