SG Americas Securities LLC Sells 19,984 Shares of Federated Hermes, Inc. (NYSE:FHI)

SG Americas Securities LLC cut its holdings in Federated Hermes, Inc. (NYSE:FHI) by 74.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,836 shares of the company’s stock after selling 19,984 shares during the period. SG Americas Securities LLC’s holdings in Federated Hermes were worth $251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC lifted its stake in Federated Hermes by 607.7% in the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock worth $30,000 after purchasing an additional 711 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Federated Hermes during the 2nd quarter valued at $47,000. Hexagon Capital Partners LLC raised its position in shares of Federated Hermes by 30.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,358 shares of the company’s stock valued at $49,000 after buying an additional 317 shares in the last quarter. UMB Bank n.a. raised its position in shares of Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after buying an additional 296 shares in the last quarter. Finally, CWM LLC raised its position in shares of Federated Hermes by 985.7% during the 2nd quarter. CWM LLC now owns 1,444 shares of the company’s stock valued at $47,000 after buying an additional 1,311 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

Federated Hermes Price Performance

Shares of Federated Hermes stock opened at $38.79 on Tuesday. The firm has a market cap of $3.26 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16. Federated Hermes, Inc. has a 12-month low of $30.23 and a 12-month high of $39.03. The company has a quick ratio of 2.09, a current ratio of 2.75 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $35.41 and its two-hundred day simple moving average is $34.14.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, July 25th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. Federated Hermes had a net margin of 15.90% and a return on equity of 28.60%. The firm had revenue of $402.60 million for the quarter, compared to analyst estimates of $400.35 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, equities analysts expect that Federated Hermes, Inc. will post 3.63 EPS for the current year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were issued a $0.31 dividend. The ex-dividend date was Thursday, August 8th. This is a boost from Federated Hermes’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 3.20%. Federated Hermes’s payout ratio is 35.23%.

Insiders Place Their Bets

In other news, VP John B. Fisher sold 79,830 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.71, for a total transaction of $2,611,239.30. Following the completion of the transaction, the vice president now directly owns 442,570 shares of the company’s stock, valued at $14,476,464.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on FHI shares. UBS Group decreased their target price on shares of Federated Hermes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Royal Bank of Canada lifted their target price on shares of Federated Hermes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. StockNews.com upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Evercore ISI lifted their target price on shares of Federated Hermes from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Federated Hermes has an average rating of “Moderate Buy” and an average price target of $37.80.

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.