The coverage of Federated Hermes was brought to the attention of readers of StockNews.com in an article published on Thursday (NYSE: FHI). Customers were encouraged to “buy” the company’s shares on the recommendation of the business.
On January 26, the report on the company’s performance compiled by Federated Hermes (NYSE: FHI) was made public.
The company reported earnings per share (EPS) for the quarter of $0.90, an increase of $0.15 compared to the consensus estimate of $0.75.
The sales for the company came in at $373.90 million for the quarter, which is significantly less than the $381.41 million that analysts had anticipated it would bring in.
The return on equity for the company was 26.80 percent, and the netting profit margin for Federated Hermes was 16.57 percent.
Profits of $3.22 per share are what sell-side analysts anticipate Federated Hermes will bring in this year, and those projections come from the company.
On Thursday, the NYSE FHI opened for $38.98 per share. However, the current ratio is 2.53, and the quick ratio is 1.81, so the debt-to-equity ratio, current ratio, and quick ratio all equal 0.33.
The price-to-earnings ratio for the company is 14.65, and its beta value is 105.
The company is currently valued at $3.48 billion on the market.
The current price of Federated Hermes represents a 12-month low of $27.88, while the current price of the company represents a 12-month high of $41.20.
The moving average of the company’s stock price over the past 50 days is $39.18, while the moving average over the last 200 days is $36.42.
Deutsche Bank Aktiengesellschaft stated in a separate piece of research released on Wednesday, January 11, that they had increased their price objective for Federated Hermes shares from $42.00 to $44.00.
There has been one recommendation to hold the stock made by an analyst, three recommendations to sell the stock made by analysts, and three recommendations to purchase the stock made by equity research analysts.
The stock is currently rated “Hold” across the board, and the average price target analysts have set for the stock is $36.13, according to information sourced from Bloomberg.com.
On March 7, company insider Richard A. Novak sold 985 shares of the company’s stock, which brings us to another piece of recent information concerning Federated Hermes.
The shares were sold on the open market for $38,799.15, equivalent to $39.39 per share on a per-share basis. Following the transaction, the business insider now directly owns 46,854 shares.
Based on the current stock price, these shares are worth $1,845,579.06. One can access a document that provides additional information on the transaction by going to the Securities and Exchange Commission (SEC) website.
In other news, on January 30, Federated Hermes director Michael J. Farrell sold 10,000 shares of the company’s stock.
This was one of the most recent events that took place.
There was a total transaction volume of $386,400.00 worth of shares traded, and the average price of each share traded was $38.64.
The director now has direct ownership of 50,200 shares of the company, which have a combined value of $1,939,728 as a direct consequence of the transaction. One can access a document that provides additional information on the transaction by going to the Securities and Exchange Commission (SEC) website.
In addition, on March 7, an employee of the company named Richard A. Novak sold 985 shares of the company’s stock.
The shares were sold on the open market for $38,799.15, equivalent to $39.39 per share on a per-share basis.
At present, the company insider personally owns 46,854 shares, with a combined value of $1,845,579. 06.
This website section might find disclosures related to the sale. Over the past three months, company insiders have offloaded 21,417 shares of company stock, bringing in a total of $833,461 in proceeds. 5.0% of the total number of shares that are currently outstanding in the company are held by insiders.
Recent transactions involving FHI stock holdings have resulted in changes being made by various hedge funds and institutional investors.
During the second quarter, approximately $270,000 was contributed by AlphaCrest Capital Management LLC in the form of an investment to increase their ownership in Federated Hermes.
To purchase a new stake in Federated Hermes during the third quarter, Aviva PLC forked over $1,530,000 in cash and other assets. Foundation Resource Management INC increased the amount of Federated Hermes stock owned by 1.4% during the third quarter of 2018. Foundation Resource Management INC now owns 399,359 of the company’s shares, which have a combined value of $13,227,000 following the purchase of an additional 5,506 shares during the most recent quarter.
During the third quarter, Inlet Private Wealth LLC was able to achieve a 2.4% increase in the proportion of Federated Hermes stock that it owned.
Inlet Private Wealth LLC now has a total of 171,350 shares of the company following the purchase of an additional 4,000 shares during the most recent quarter.
This gives the company a value of $5,675,000, equivalent to what the shares are worth.
The Louisiana State Employees Retirement System paid Federated Hermes $745,000 during the third quarter.
This is the last, but not the least, item on the agenda.
The ownership of a company’s stock can be traced back to financial institutions 78 percent of the time.