Ameritas Investment Partners Inc. Sells 1,025 Shares of Federated Hermes, Inc. (NYSE:FHI)

Ameritas Investment Partners Inc. decreased its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 5.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,018 shares of the company’s stock after selling 1,025 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Federated Hermes were worth $651,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new position in shares of Federated Hermes in the first quarter worth $29,518,000. Wellington Management Group LLP increased its position in Federated Hermes by 59.1% during the fourth quarter. Wellington Management Group LLP now owns 1,813,190 shares of the company’s stock valued at $61,395,000 after acquiring an additional 673,496 shares during the last quarter. Norges Bank purchased a new stake in Federated Hermes during the fourth quarter valued at $12,474,000. Goldman Sachs Group Inc. increased its position in Federated Hermes by 39.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,184,759 shares of the company’s stock valued at $40,116,000 after acquiring an additional 335,737 shares during the last quarter. Finally, Trexquant Investment LP increased its position in Federated Hermes by 171.3% during the fourth quarter. Trexquant Investment LP now owns 169,696 shares of the company’s stock valued at $5,746,000 after acquiring an additional 107,146 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 994 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 298,578 shares in the company, valued at approximately $9,384,306.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Paul A. Uhlman sold 994 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $31.43, for a total value of $31,241.42. Following the completion of the sale, the vice president now directly owns 298,578 shares of the company’s stock, valued at approximately $9,384,306.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul A. Uhlman sold 975 shares of the firm’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 value 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 disclosure for this sale can be found here. Insiders sold 2,361 shares of company stock worth $76,360 in the last quarter. 3.70% of the stock is owned by corporate insiders.

Federated Hermes Price Performance

Shares of NYSE:FHI traded down $0.13 during trading on Wednesday, hitting $34.62. 159,338 shares of the company’s stock were exchanged, compared to its average volume of 758,038. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.39 and a quick ratio of 2.45. Federated Hermes, Inc. has a 52-week low of $30.23 and a 52-week high of $37.31. The business’s 50-day simple moving average is $32.89 and its 200 day simple moving average is $34.25. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.36 and a beta of 1.17.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.89 earnings per share for the quarter, meeting the consensus estimate of $0.89. The business had revenue of $396.37 million during the quarter, compared to analysts’ expectations of $400.26 million. Federated Hermes had a return on equity of 27.00% and a net margin of 18.75%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. As a group, equities analysts predict that Federated Hermes, Inc. will post 3.62 EPS for the current year.

Federated Hermes Increases Dividend

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

Wall Street Analysts Forecast Growth

FHI has been the subject of a number of research reports. TD Cowen reduced their price objective on Federated Hermes from $36.00 to $34.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Evercore ISI cut their price target on Federated Hermes from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price target on Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, UBS Group cut their price target on Federated Hermes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

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.