Trexquant Investment LP Buys 124,701 Shares of Federated Hermes, Inc. (NYSE:FHI)

Trexquant Investment LP raised its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 124.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,892 shares of the company's stock after buying an additional 124,701 shares during the quarter. Trexquant Investment LP owned about 0.27% of Federated Hermes worth $9,245,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FHI. R Squared Ltd bought a new stake in shares of Federated Hermes in the 4th quarter worth approximately $43,000. Sound Income Strategies LLC bought a new position in shares of Federated Hermes during the fourth quarter valued at $53,000. Neo Ivy Capital Management bought a new stake in shares of Federated Hermes in the 3rd quarter worth about $60,000. GAMMA Investing LLC grew its holdings in shares of Federated Hermes by 60.9% in the 4th 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 last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Federated Hermes during the 4th quarter worth about $73,000. 75.94% of the stock is owned by institutional investors.

Federated Hermes Trading Down 2.2 %

FHI stock traded down $0.80 during midday trading on Monday, reaching $36.08. The company's stock had a trading volume of 243,722 shares, compared to its average volume of 730,317. The business's 50-day simple moving average is $39.11 and its 200-day simple moving average is $39.58. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. The stock has a market cap of $2.93 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. As a group, sell-side analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.44%. Federated Hermes's payout ratio is currently 38.87%.

Insider Activity

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the sale, the chief executive officer now owns 179,096 shares of the company's stock, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FHI. UBS Group raised their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. StockNews.com downgraded Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 1st. Evercore ISI set a $44.00 target price on Federated Hermes in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $42.17.

Federated Hermes 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.