Schneider Downs Wealth Management Advisors LP Purchases 21,732 Shares of Federated Hermes, Inc. (NYSE:FHI)

Schneider Downs Wealth Management Advisors LP boosted its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 31.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,914 shares of the company’s stock after acquiring an additional 21,732 shares during the quarter. Federated Hermes makes up approximately 0.7% of Schneider Downs Wealth Management Advisors LP’s portfolio, making the stock its 24th largest holding. Schneider Downs Wealth Management Advisors LP owned 0.11% of Federated Hermes worth $3,343,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC boosted its stake in shares of Federated Hermes by 607.7% during the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock worth $30,000 after acquiring an additional 711 shares in the last quarter. GAMMA Investing LLC boosted its position in Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after purchasing an additional 349 shares during the period. Mather Group LLC. acquired a new position in Federated Hermes during the second quarter valued at approximately $47,000. CWM LLC lifted its stake in shares of Federated Hermes by 985.7% in 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. boosted its holdings 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 worth $47,000 after buying an additional 296 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on FHI. UBS Group lifted their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 7th. TD Cowen raised Federated Hermes from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft increased their target price on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada lifted their price target on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.33.

Federated Hermes Stock Up 0.4 %

NYSE FHI opened at $42.18 on Friday. Federated Hermes, Inc. has a twelve month low of $31.08 and a twelve month high of $42.56. The stock has a market cap of $3.45 billion, a PE ratio of 13.56, a PEG ratio of 1.17 and a beta of 1.15. The firm has a 50-day simple moving average of $37.92 and a 200 day simple moving average of $34.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.14. The business had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. On average, research analysts forecast that Federated Hermes, Inc. will post 3.83 EPS for the current year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.94%. Federated Hermes’s payout ratio is presently 39.87%.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the sale, the chief executive officer now owns 179,096 shares in the company, valued at $7,138,766.56. This trade represents a 6.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Dolores D. Dudiak sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the transaction, the vice president now owns 77,288 shares in the company, valued at approximately $3,083,018.32. This trade represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate 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.