The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Federated Hermes Inc. (FHI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.30, or -0.82%, to $36.38. The Federated Hermes Inc. has recorded 28,959 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund.
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The company is listed on the NYSE and operates within the Asset Management industry segment. The current market capitalization of Federated Hermes Inc. is $3.32B. A total of 1.08 million shares were traded on the day, compared to an average of 978.52K shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, FHI has seen 11 BUY and 8 SELL insider trades, representing the acquisition of 127,189 and the disposition of 898,903 shares. Over the last 12 months, there were 20 BUYs and 35 SELLs from insiders. Insiders purchased 243,689 shares during that period but sold 1,199,774.
In the most recent transaction, DONAHUE J CHRISTOPHER sold 30,561 shares of FHI for 37.50 per share on May 12. After the transaction, the Chairman, President & CEO now owns 277,963 company shares. In a previous transaction on May 11, DONAHUE J CHRISTOPHER sold 50,000 shares at 37.49 per share. FHI shares that Chairman, President & CEO owns now total 308,524.
Among the insiders who sold shares, Nusseibeh Saker Anwar disposed of 20,000 shares on May 11 at a per-share price of $37.48. This resulted in the CEO, Hermes Fund Managers Ltd. holding 236,569 shares of FHI after the transaction. In another insider transaction, DONAHUE J CHRISTOPHER sold 50,000 shares at $38.02 per share on May 10. Company shares held by the Chairman, President & CEO now total 358,524.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Federated Hermes Inc. pays an annual dividend of $1.12, resulting in a dividend yield of 3.05%, and it has a price to earnings (P/E) ratio of 12.85. FHI’s most recent ex-dividend date was 5/5/2023 when it declared a $0.28 quarterly dividend that was paid in cash on 5/15/2023. Previously, the company paid the dividend on 2/15/2023 with an ex-dividend date of 2/7/2023. The FHI stock dividend was $0.27 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for FHI in the last 3 months, the mean price target is $44.43 with high estimates of $48.00 and low estimates of $39.00. In terms of 52-week highs and lows, FHI has a high of $45.55 and a low of $28.69.
As of this writing, FHI has an earnings estimate of $0.81 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.84 per share and a lower estimate of $0.79. The company reported an EPS of $0.9 in the last quarter, which was 16.90% higher than expectations of $0.77.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FHI’s latest balance sheet shows that the firm has $426.67M in Cash & Short Term Investments as of fiscal 2021. There were $223.35M in debt and $270.71M in liabilities at the time. Its Book Value Per Share was $13.04, while its Total Shareholder’s Equity was $1.11B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FHI is Buy with a score of 4.17.