SG Americas Securities LLC Has $952,000 Stock Holdings in Federated Hermes, Inc. (NYSE:FHI)

SG Americas Securities LLC grew its holdings in Federated Hermes, Inc. (NYSE:FHIGet Rating) by 34.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,957 shares of the company’s stock after acquiring an additional 7,161 shares during the quarter. SG Americas Securities LLC’s holdings in Federated Hermes were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. UMB Bank N A MO bought a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $52,000. Allegheny Financial Group LTD bought a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $94,000. Covestor Ltd bought a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $105,000. JJJ Advisors Inc. boosted its position in shares of Federated Hermes by 54.1% in the fourth quarter. JJJ Advisors Inc. now owns 2,869 shares of the company’s stock valued at $108,000 after acquiring an additional 1,007 shares during the period. Finally, City State Bank bought a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $95,000. 84.07% of the stock is owned by institutional investors.

Federated Hermes Stock Down 2.6 %

Shares of NYSE FHI opened at $34.11 on Monday. The stock has a market cap of $3.13 billion, a PE ratio of 13.07 and a beta of 1.13. The business has a fifty day moving average of $32.75 and a two-hundred day moving average of $32.60. Federated Hermes, Inc. has a 52-week low of $27.88 and a 52-week high of $39.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.14 and a current ratio of 3.22.

Federated Hermes (NYSE:FHIGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.06). The company had revenue of $366.01 million for the quarter, compared to the consensus estimate of $363.24 million. Federated Hermes had a net margin of 19.60% and a return on equity of 23.09%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 earnings per share. As a group, equities research analysts expect that Federated Hermes, Inc. will post 2.78 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 8th will be paid a $0.27 dividend. The ex-dividend date is Friday, August 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.17%. Federated Hermes’s dividend payout ratio (DPR) is presently 41.38%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Federated Hermes from $37.00 to $36.00 in a research report on Wednesday, July 13th. Citigroup reduced their target price on Federated Hermes from $28.50 to $25.50 in a research report on Monday, May 2nd. StockNews.com raised Federated Hermes from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods raised Federated Hermes from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $32.00 to $40.00 in a research report on Tuesday, June 28th.

Insider Activity

In other news, VP Paul A. Uhlman sold 971 shares of the firm’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $33.78, for a total value of $32,800.38. Following the completion of the sale, the vice president now directly owns 342,164 shares in the company, valued at $11,558,299.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Paul A. Uhlman sold 971 shares of the firm’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $33.78, for a total value of $32,800.38. Following the completion of the sale, the vice president now directly owns 342,164 shares in the company, valued at $11,558,299.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John B. Fisher sold 33,312 shares of Federated Hermes stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $33.70, for a total value of $1,122,614.40. Following the completion of the sale, the vice president now owns 538,115 shares of the company’s stock, valued at $18,134,475.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,945 shares of company stock worth $2,014,998. 5.00% of the stock is owned by corporate insiders.

About Federated Hermes

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Federated Hermes, Inc is a publicly owned asset management holding company. 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.

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Institutional Ownership by Quarter for Federated Hermes (NYSE:FHI)

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