101,072 Shares in Federated Hermes, Inc. (NYSE:FHI) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new stake in shares of Federated Hermes, Inc. (NYSE:FHI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,072 shares of the company’s stock, valued at approximately $4,155,000.

A number of other hedge funds have also recently bought and sold shares of the stock. R Squared Ltd bought a new stake in Federated Hermes in the 4th quarter valued at $43,000. Sound Income Strategies LLC acquired a new position in shares of Federated Hermes in the fourth quarter valued at $53,000. Neo Ivy Capital Management bought a new position in shares of Federated Hermes in the third quarter valued at about $60,000. GAMMA Investing LLC lifted its stake in shares of Federated Hermes by 60.9% during the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after buying an additional 646 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Federated Hermes by 112.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company’s stock worth $109,000 after buying an additional 1,400 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FHI shares. Evercore ISI set a $44.00 price target on shares of Federated Hermes in a report on Monday, February 3rd. Royal Bank of Canada decreased their price objective on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Finally, UBS Group lifted their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.17.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.70% of the company’s stock.

Federated Hermes Stock Down 0.7 %

Shares of NYSE FHI opened at $41.23 on Friday. The stock has a market capitalization of $3.35 billion, a P/E ratio of 12.92, a PEG ratio of 1.00 and a beta of 1.10. The stock’s fifty day moving average is $38.89 and its 200 day moving average is $39.29. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Sell-side analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s payout ratio is presently 38.87%.

Federated Hermes Company Profile

Federated Hermes, Inc is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.