Federated Hermes (NYSE:FHI) Stock Price Down 3.4% – Time to Sell?

Federated Hermes, Inc. (NYSE:FHI) traded down 3.4% on Tuesday . The company traded as low as $39.13 and last traded at $39.21. 78,039 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 417,957 shares. The stock had previously closed at $40.59.

Wall Street Analysts Forecast Growth

FHI has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. Evercore ISI raised their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $42.00 price objective (down previously from $49.00) on shares of Federated Hermes in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Federated Hermes presently has an average rating of “Moderate Buy” and an average target price of $42.50.

Federated Hermes Stock Down 2.7 %

The business’s 50 day simple moving average is $41.68 and its 200 day simple moving average is $37.23. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.23 billion, a PE ratio of 12.69, a PEG ratio of 1.19 and a beta of 1.15.

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

Federated Hermes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. Federated Hermes’s dividend payout ratio is presently 39.87%.

Insiders Place Their Bets

In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at $7,138,766.56. The trade was a 6.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 77,288 shares in the company, valued at $3,083,018.32. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,280 shares of company stock valued at $1,185,871 over the last three months. 3.70% of the stock is owned by company insiders.

Institutional Trading of Federated Hermes

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after buying an additional 349 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Federated Hermes during the third quarter valued at approximately $60,000. Headlands Technologies LLC boosted its holdings in shares of Federated Hermes by 134.9% in the second quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock valued at $64,000 after purchasing an additional 1,117 shares during the period. CWM LLC grew its stake in Federated Hermes by 74.7% in the third quarter. CWM LLC now owns 2,523 shares of the company’s stock worth $93,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Federated Hermes by 23.3% during the 2nd quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock worth $111,000 after purchasing an additional 643 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.