Federated Hermes, Inc. (NYSE:FHI) Shares Sold by American International Group Inc.

American International Group Inc. cut its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,789 shares of the company’s stock after selling 7,852 shares during the quarter. American International Group Inc. owned 0.13% of Federated Hermes worth $3,921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Neo Ivy Capital Management boosted its holdings in shares of Federated Hermes by 637.5% in the fourth quarter. Neo Ivy Capital Management now owns 1,416 shares of the company’s stock valued at $48,000 after acquiring an additional 1,224 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Federated Hermes by 123.8% in the 4th quarter. GSA Capital Partners LLP now owns 69,821 shares of the company’s stock valued at $2,364,000 after purchasing an additional 38,630 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in Federated Hermes during the 4th quarter worth approximately $1,582,000. Bridgefront Capital LLC acquired a new stake in shares of Federated Hermes in the 4th quarter valued at approximately $399,000. Finally, Nebula Research & Development LLC boosted its stake in shares of Federated Hermes by 59.3% in the fourth quarter. Nebula Research & Development LLC now owns 45,477 shares of the company’s stock valued at $1,540,000 after buying an additional 16,923 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Trading Up 1.3 %

Federated Hermes stock opened at $32.40 on Monday. The stock has a market cap of $2.73 billion, a PE ratio of 9.20, a P/E/G ratio of 1.08 and a beta of 1.17. The company has a current ratio of 3.39, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $33.03 and a 200 day moving average price of $34.26. Federated Hermes, Inc. has a 52 week low of $30.23 and a 52 week high of $37.91.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.89 EPS for the quarter, hitting analysts’ consensus estimates of $0.89. The business had revenue of $396.37 million during the quarter, compared to the consensus estimate of $400.26 million. Federated Hermes had a net margin of 18.75% and a return on equity of 27.00%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. Equities research analysts predict that Federated Hermes, Inc. will post 3.6 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently announced a None dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were given a dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This is an increase from Federated Hermes’s previous None dividend of $1.27. This represents a yield of 3.8%. Federated Hermes’s dividend payout ratio is 35.23%.

Wall Street Analyst Weigh In

FHI has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. UBS Group raised their price objective on shares of Federated Hermes from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Evercore ISI decreased their target price on Federated Hermes from $39.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Federated Hermes presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.29.

Insider Activity

In related news, VP Paul A. Uhlman sold 994 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $31.43, for a total transaction of $31,241.42. Following the completion of the transaction, the vice president now owns 298,578 shares of the company’s stock, valued at $9,384,306.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Paul A. Uhlman sold 975 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $32,175.00. Following the completion of the sale, the vice president now owns 299,572 shares of the company’s stock, valued at approximately $9,885,876. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Paul A. Uhlman sold 994 shares of Federated Hermes stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $31.43, for a total transaction of $31,241.42. Following the transaction, the vice president now directly owns 298,578 shares in the company, valued at $9,384,306.54. The disclosure for this sale can be found here. Insiders sold a total of 2,361 shares of company stock valued at $76,360 in the last 90 days. 3.70% of the stock is currently owned by insiders.

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.