Quest Partners LLC Has $1.97 Million Stake in Federated Hermes, Inc. (NYSE:FHI)

Quest Partners LLC lowered its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 37.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,497 shares of the company's stock after selling 31,538 shares during the quarter. Quest Partners LLC owned approximately 0.07% of Federated Hermes worth $1,967,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company's stock worth $39,000 after buying an additional 349 shares in the last quarter. Mather Group LLC. acquired a new stake in Federated Hermes in the second quarter worth about $47,000. UMB Bank n.a. grew its position 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. CWM LLC increased its stake in 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 during the period. Finally, Headlands Technologies LLC raised its position in shares of Federated Hermes by 134.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,945 shares of the company's stock worth $64,000 after buying an additional 1,117 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FHI. Evercore ISI raised their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the company an "outperform" rating in a research note 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 note on Monday, October 28th. Deutsche Bank Aktiengesellschaft lifted their target price on Federated Hermes from $43.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, November 11th. UBS Group raised their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Finally, StockNews.com raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.33.

Federated Hermes Trading Down 2.1 %

Shares of Federated Hermes stock traded down $0.89 during trading on Tuesday, hitting $41.27. The stock had a trading volume of 680,001 shares, compared to its average volume of 711,102. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.38 billion, a PE ratio of 13.57, a P/E/G ratio of 1.17 and a beta of 1.15. Federated Hermes, Inc. has a 1 year low of $31.08 and a 1 year high of $42.56. The stock has a 50 day simple moving average of $38.09 and a 200 day simple moving average of $34.94.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.92 by $0.14. The business had revenue of $408.46 million during the quarter, compared to analysts' expectations of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. Federated Hermes's revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 earnings per share. On average, research analysts expect that Federated Hermes, Inc. will post 3.88 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Friday, November 8th. Federated Hermes's dividend payout ratio is currently 39.87%.

Insider Buying and Selling at Federated Hermes

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

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.