Hexagon Capital Partners LLC Has $49,000 Position in Federated Hermes, Inc. (NYSE:FHI)

Hexagon Capital Partners LLC raised its holdings in Federated Hermes, Inc. (NYSE:FHI) by 30.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,358 shares of the company’s stock after buying an additional 317 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Federated Hermes were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FHI. Fifth Third Bancorp increased its stake in Federated Hermes by 71.1% in the fourth quarter. Fifth Third Bancorp now owns 739 shares of the company’s stock valued at $25,000 after acquiring an additional 307 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Federated Hermes by 0.4% in the 4th quarter. Allianz Asset Management GmbH now owns 99,068 shares of the company’s stock worth $3,354,000 after buying an additional 366 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Federated Hermes by 23.4% during the 4th quarter. Parallel Advisors LLC now owns 2,187 shares of the company’s stock worth $74,000 after buying an additional 414 shares during the period. Blue Trust Inc. boosted its stake in Federated Hermes by 23.0% in the 4th quarter. Blue Trust Inc. now owns 2,708 shares of the company’s stock valued at $92,000 after buying an additional 507 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its stake in Federated Hermes by 1.0% in the 1st quarter. Congress Asset Management Co. MA now owns 50,202 shares of the company’s stock valued at $1,813,000 after buying an additional 518 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, VP Paul A. Uhlman sold 994 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $31.43, for a total transaction of $31,241.42. Following 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Paul A. Uhlman sold 975 shares of the business’s 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 directly owns 299,572 shares of the company’s stock, valued at $9,885,876. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paul A. Uhlman sold 994 shares of the 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 in the company, valued at $9,384,306.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,361 shares of company stock valued at $76,360. Company insiders own 3.70% of the company’s stock.

Federated Hermes Stock Down 0.4 %

Shares of NYSE FHI opened at $32.74 on Tuesday. Federated Hermes, Inc. has a 12-month low of $30.23 and a 12-month high of $37.31. The firm’s 50-day simple moving average is $32.73 and its 200 day simple moving average is $34.26. The company has a quick ratio of 2.45, a current ratio of 3.39 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.17.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, April 25th. The company reported $0.89 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.89. The company had revenue of $396.37 million for the quarter, compared to analyst estimates of $400.26 million. Federated Hermes had a net margin of 18.75% and a return on equity of 27.00%. Federated Hermes’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share. On average, research analysts expect that Federated Hermes, Inc. will post 3.6 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently disclosed a None dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were given a $1.31 dividend. This represents a yield of 3.8%. This is a positive change from Federated Hermes’s previous None dividend of $1.27. The ex-dividend date of this dividend was Tuesday, May 7th. Federated Hermes’s dividend payout ratio (DPR) is presently 35.23%.

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.