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

Schneider Downs Wealth Management Advisors LP boosted its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 31.4% during the third quarter, Holdings Channel reports. The fund owned 90,914 shares of the company’s stock after acquiring an additional 21,732 shares during the period. Federated Hermes makes up approximately 0.7% of Schneider Downs Wealth Management Advisors LP’s holdings, making the stock its 24th biggest holding. Schneider Downs Wealth Management Advisors LP’s holdings in Federated Hermes were worth $3,343,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC boosted its stake in Federated Hermes by 607.7% in the first quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after acquiring an additional 711 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after buying an additional 349 shares during the period. Mather Group LLC. bought a new stake in shares of Federated Hermes in the 2nd quarter valued at $47,000. UMB Bank n.a. lifted its holdings in Federated Hermes by 26.0% during the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after acquiring an additional 296 shares in the last quarter. Finally, CWM LLC raised its position in shares of 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 purchasing an additional 1,311 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Buying and Selling

In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction 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 completion of the transaction, the vice president now directly owns 77,288 shares of the company’s stock, valued at $3,083,018.32. The trade was a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at $7,138,766.56. The trade was a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on FHI. UBS Group boosted their price objective on Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI increased their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their target price on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Finally, TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.00 to $46.00 in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.33.

Federated Hermes Trading Up 0.4 %

Federated Hermes stock opened at $42.18 on Friday. Federated Hermes, Inc. has a one year low of $31.08 and a one year high of $42.56. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 1.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03. The firm has a 50-day moving average of $37.92 and a 200-day moving average of $34.86.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.14. The firm 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 company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. On average, equities analysts expect that Federated Hermes, Inc. will post 3.83 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.31 dividend. The ex-dividend date 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 39.87%.

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.