Federated Hermes, Inc. (NYSE:FHI) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 80.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,425 shares of the company’s stock after purchasing an additional 4,193 shares during the quarter. Blue Trust Inc.’s holdings in Federated Hermes were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FHI. Headlands Technologies LLC grew its stake in Federated Hermes by 607.7% during the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after acquiring an additional 711 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after purchasing an additional 349 shares during the last quarter. Mather Group LLC. acquired a new position in Federated Hermes during the second quarter worth $47,000. CWM LLC boosted its stake in Federated Hermes by 985.7% during the second quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after buying an additional 1,311 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Federated Hermes by 26.0% in 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. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Stock Down 0.4 %

Shares of NYSE FHI opened at $38.03 on Thursday. 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 business’s 50 day moving average is $35.63 and its two-hundred day moving average is $34.18. Federated Hermes, Inc. has a 52-week low of $30.23 and a 52-week high of $39.03. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.41 and a beta of 1.16.

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

Insider Transactions at Federated Hermes

In related news, VP John B. Fisher sold 79,830 shares of Federated Hermes stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.71, for a total value of $2,611,239.30. Following the completion of the transaction, the vice president now owns 442,570 shares in the company, valued at approximately $14,476,464.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

FHI has been the topic of several recent research reports. Evercore ISI boosted their price target on shares of Federated Hermes from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. UBS Group lifted their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday. TD Cowen decreased their price objective on Federated Hermes from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, July 29th. JPMorgan Chase & Co. raised their target price on Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada upped their price target on Federated Hermes from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

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.