Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 62.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,776 shares of the company's stock after selling 19,279 shares during the period. Quantbot Technologies LP's holdings in Federated Hermes were worth $484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FHI. R Squared Ltd acquired a new stake in Federated Hermes in the fourth quarter valued at $43,000. Sound Income Strategies LLC purchased a new stake in shares of Federated Hermes in the 4th quarter worth about $53,000. Neo Ivy Capital Management acquired a new stake in Federated Hermes in the 3rd quarter valued at about $60,000. GAMMA Investing LLC increased its holdings in Federated Hermes by 60.9% during the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock valued at $70,000 after acquiring an additional 646 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in Federated Hermes by 112.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company's stock worth $109,000 after acquiring an additional 1,400 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Trading Up 0.6 %

NYSE FHI traded up $0.24 during trading hours on Wednesday, hitting $41.16. 511,213 shares of the company's stock were exchanged, compared to its average volume of 728,081. The business's 50 day moving average is $39.12 and its 200-day moving average is $39.52. 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, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92. The firm has a market capitalization of $3.35 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid 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 3.01%. Federated Hermes's dividend payout ratio is presently 38.87%.

Insider Transactions at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the business's stock in a transaction dated Friday, February 7th. The stock was 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 owns 179,096 shares in the company, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on FHI. UBS Group increased their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Evercore ISI set a $44.00 price target on Federated Hermes in a research report on Monday, February 3rd. Royal Bank of Canada cut their price target on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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.