After Hours
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. 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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Stocks Info
As a NYSE listed company, FHI falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of Federated Hermes Inc is $2.98B. A total of 0.98 million shares were traded on the day, compared to an average of 877.60K shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, FHI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 29 SELLs from insiders. Insiders purchased 142,046 shares during that period but sold 1,481,669.
In the most recent transaction, Nusseibeh Saker Anwar sold 2,642 shares of FHI for 31.75 per share on Nov 21. After the transaction, the CEO, Hermes Fund Managers Ltd. now owns 186,478 company shares. In a previous transaction on Nov 20, FISHER JOHN B sold 7,622 shares at 31.91 per share. FHI shares that Vice President owns now total 522,400.
Among the insiders who sold shares, Ceresino Gordon J disposed of 6,899 shares on Nov 20 at a per-share price of $31.91. This resulted in the Vice Chairman holding 134,073 shares of FHI after the transaction. In another insider transaction, Nusseibeh Saker Anwar sold 6,514 shares at $31.92 per share on Nov 20. Company shares held by the CEO, Hermes Fund Managers Ltd. now total 189,120.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Federated Hermes Inc pays an annual dividend of $1.12, resulting in a dividend yield of 3.23%, and it has a price to earnings (P/E) ratio of 11.24. FHI’s most recent ex-dividend date was 11/7/2023 when it declared a $0.28 quarterly dividend that was paid in cash on 11/15/2023. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 9/21/2023. The FHI stock dividend was $0.0350 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for FHI in the last 3 months, the mean price target is $37.56 with high estimates of $43.00 and low estimates of $32.00. In terms of 52-week highs and lows, FHI has a high of $45.55 and a low of $30.23.
As of this writing, FHI has an earnings estimate of $0.83 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.88 per share and a lower estimate of $0.74. The company reported an EPS of $0.81 in the last quarter, which was -1.20% lower than expectations of $0.82.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. FHI’s latest balance sheet shows that the firm has $426.67M in Cash & Short Term Investments as of fiscal 2021. There were $346.07M in debt and $270.71M in liabilities at the time. Its Book Value Per Share was $12.75, while its Total Shareholder’s Equity was $1.18B.
Analysts Opinion
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. 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 3.88.
