WINTON GROUP Ltd Buys New Shares in Federated Hermes, Inc. (NYSE:FHI)

WINTON GROUP Ltd purchased a new stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 101,072 shares of the company's stock, valued at approximately $4,155,000. WINTON GROUP Ltd owned 0.12% of Federated Hermes at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Federated Hermes during the fourth quarter worth approximately $43,000. Sound Income Strategies LLC bought a new position in Federated Hermes during the 4th quarter worth $53,000. Neo Ivy Capital Management acquired a new position in Federated Hermes in the 3rd quarter valued at $60,000. GAMMA Investing LLC raised its holdings in Federated Hermes by 60.9% in 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 grew 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 purchasing an additional 1,400 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Price Performance

FHI stock traded up $0.16 during trading on Tuesday, reaching $40.93. 498,034 shares of the company were exchanged, compared to its average volume of 729,129. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 1.00 and a beta of 1.10. 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 has a 50-day moving average of $39.05 and a two-hundred day moving average of $39.50. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its earnings results 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%. As a group, equities analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.03%. Federated Hermes's dividend payout ratio is presently 38.87%.

Insider Buying and Selling at Federated Hermes

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 value of $215,240.26. Following the completion of the transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.80% of the company's stock.

Analysts Set New Price Targets

FHI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Evercore ISI set a $44.00 price objective on shares of Federated Hermes in a research note on Monday, February 3rd. UBS Group boosted their price objective 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. Finally, Royal Bank of Canada reduced their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.