Jump Financial LLC Purchases 24,474 Shares of Federated Hermes, Inc. (NYSE:FHI)

Jump Financial LLC increased its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 363.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,200 shares of the company's stock after purchasing an additional 24,474 shares during the quarter. Jump Financial LLC's holdings in Federated Hermes were worth $1,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bridgewater Associates LP grew its holdings in Federated Hermes by 51.5% in the fourth quarter. Bridgewater Associates LP now owns 112,387 shares of the company's stock worth $4,620,000 after purchasing an additional 38,194 shares during the period. Walleye Capital LLC grew its stake in shares of Federated Hermes by 4.1% in the 4th quarter. Walleye Capital LLC now owns 6,877 shares of the company's stock worth $283,000 after buying an additional 269 shares during the last quarter. Mariner LLC bought a new position in Federated Hermes during the 4th quarter valued at approximately $392,000. Barclays PLC raised its stake in Federated Hermes by 14.4% during the fourth quarter. Barclays PLC now owns 246,718 shares of the company's stock valued at $10,142,000 after buying an additional 31,068 shares during the last quarter. Finally, Paralel Advisors LLC boosted its holdings in Federated Hermes by 10.0% in the fourth quarter. Paralel Advisors LLC now owns 69,508 shares of the company's stock worth $2,857,000 after acquiring an additional 6,312 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company's stock.

Federated Hermes Stock Performance

Shares of FHI stock opened at $37.58 on Monday. The firm has a market capitalization of $3.06 billion, a PE ratio of 11.78, a P/E/G ratio of 1.00 and a beta of 0.84. The company has a 50 day moving average price of $38.65 and a 200-day moving average price of $39.61. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. 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 (NYSE:FHI - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating 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%. As a group, equities research analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Friday, February 7th. Federated Hermes's dividend payout ratio is 38.87%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lowered their price target on 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. Evercore ISI decreased their target price on shares of Federated Hermes from $42.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 11th. StockNews.com downgraded shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Federated Hermes has an average rating of "Hold" and an average price target of $41.17.

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.

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