After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Federated Hermes earns two LSEG Lipper Fund Awards.
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Stocks Info
This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. The current market capitalization of Federated Hermes Inc is $3.00B. A total of 0.66 million shares were traded on the day, compared to an average of 705.59K shares.
In the most recent transaction, Uhlman Paul A sold 13,820 shares of FHI for 36.20 per share on Mar 05 ’24. After the transaction, the Vice President now owns 276,084 company shares. In a previous transaction on Mar 05 ’24, Nusseibeh Saker Anwar sold 8,302 shares at 36.15 per share. FHI shares that CEO, Hermes Fund Managers Ltd. owns now total 178,176.
Among the insiders who sold shares, Germain Peter J disposed of 5,305 shares on Mar 05 ’24 at a per-share price of $36.14. This resulted in the EVP, CLO & Sec. holding 213,036 shares of FHI after the transaction. In another insider transaction, Novak Richard A sold 908 shares at $36.07 per share on Mar 05 ’24. Company shares held by the Principal Accounting Officer now total 49,068.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Federated Hermes Inc pays an annual dividend of $1.12, resulting in a dividend yield of 3.16%, and it has a price to earnings (P/E) ratio of 10.42. 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.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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.
