35,828 Shares in Federated Hermes, Inc. (NYSE:FHI) Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC purchased a new stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 35,828 shares of the company's stock, valued at approximately $1,317,000.

Several other large investors have also recently added to or reduced their stakes in FHI. Headlands Technologies LLC increased its holdings in Federated Hermes by 607.7% in the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company's stock valued at $30,000 after purchasing an additional 711 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company's stock valued at $39,000 after acquiring an additional 349 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Federated Hermes during the second quarter valued at about $47,000. CWM LLC grew its stake in shares of Federated Hermes by 985.7% during the second quarter. CWM LLC now owns 1,444 shares of the company's stock valued at $47,000 after acquiring an additional 1,311 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Federated Hermes by 26.0% during the second quarter. UMB Bank n.a. now owns 1,436 shares of the company's stock valued at $47,000 after acquiring 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 Performance

Shares of NYSE:FHI traded down $0.08 during trading hours on Friday, hitting $41.10. The stock had a trading volume of 413,109 shares, compared to its average volume of 744,156. The stock's fifty day simple moving average is $37.16 and its 200 day simple moving average is $34.56. Federated Hermes, Inc. has a 1-year low of $31.08 and a 1-year high of $42.56. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.21 and a beta of 1.15. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.92 by $0.14. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The company had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. During the same quarter last year, the business earned $0.86 earnings per share. Federated Hermes's revenue was up 1.4% compared to the same quarter last year. Sell-side analysts anticipate that Federated Hermes, Inc. will post 3.83 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.02%. Federated Hermes's dividend payout ratio is presently 39.87%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com cut shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Thursday. TD Cowen raised shares of Federated Hermes from a "hold" rating to a "buy" rating and increased their price target for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Royal Bank of Canada increased their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a "sector perform" rating in a research report on Monday, October 28th. Evercore ISI increased their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, UBS Group increased their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Insider Activity at Federated Hermes

In related news, VP Dolores D. Dudiak sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the transaction, the vice president now owns 77,288 shares in the company, valued at $3,083,018.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total value of $199,450.00. Following the transaction, the vice president now owns 77,288 shares in the company, valued at approximately $3,083,018.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $7,138,766.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

About Federated Hermes

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.