ExodusPoint Capital Management LP Purchases 147,485 Shares of Federated Hermes, Inc. (NYSE:FHI)

ExodusPoint Capital Management LP increased its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 91.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,153 shares of the company's stock after purchasing an additional 147,485 shares during the quarter. ExodusPoint Capital Management LP owned 0.38% of Federated Hermes worth $12,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of Federated Hermes in the fourth quarter valued at $43,000. Sound Income Strategies LLC acquired a new position in shares of Federated Hermes in the 4th quarter worth $53,000. Neo Ivy Capital Management acquired a new stake in shares of Federated Hermes during the third quarter worth $60,000. GAMMA Investing LLC raised its position in shares of Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock worth $70,000 after purchasing an additional 646 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Federated Hermes in the 4th quarter valued at $73,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Stock Performance

FHI traded up $1.98 on Wednesday, hitting $37.83. The company had a trading volume of 1,579,122 shares, compared to its average volume of 736,365. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The company's fifty day moving average price is $38.84 and its 200 day moving average price is $39.55. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Equities analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Friday, February 7th. Federated Hermes's dividend payout ratio is currently 38.87%.

Insider Transactions at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the sale, the chief executive officer now directly 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 this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group boosted their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Royal Bank of Canada reduced their price target on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 price objective (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 1st. Finally, Evercore ISI set a $44.00 target price on Federated Hermes in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $42.17.

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.