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. Earlier, Yahoo Finance discussed this stock as it revealed Federated Hermes, Inc.’s CEO to participate in 2024 RBC Capital Markets Financial Institutions Conference.
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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 $3.14B. A total of 0.73 million shares were traded on the day, compared to an average of 787.93K 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 4 BUYs and 28 SELLs from insiders. Insiders purchased 22,057 shares during that period but sold 1,471,669.
In the most recent transaction, Uhlman Paul A sold 90,745 shares of FHI for 35.26 per share on Feb 07. After the transaction, the Vice President now owns 289,904 company shares. In a previous transaction on Jan 30, Van Meter Stephen sold 1,660 shares at 36.15 per share. FHI shares that VP, Chief Compliance Officer owns now total 31,689.
Among the insiders who sold shares, Nusseibeh Saker Anwar disposed of 2,642 shares on Nov 21 at a per-share price of $31.75. This resulted in the CEO, Hermes Fund Managers Ltd. holding 186,478 shares of FHI after the transaction. In another insider transaction, FISHER JOHN B sold 7,622 shares at $31.91 per share on Nov 20. Company shares held by the Vice President now total 522,400.
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 3.07%, and it has a price to earnings (P/E) ratio of 10.71. FHI’s most recent ex-dividend date was 2/7/2024 when it declared a $0.28 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/15/2023 with an ex-dividend date of 11/7/2023. The FHI stock dividend was $0.28 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. 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 $0.84 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.89 per share and a lower estimate of $0.8. The company reported an EPS of $0.86 in the last quarter, which was 3.60% higher than expectations of $0.83.
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 $13.30, 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 3.86.
