Federated Hermes, Inc. (NYSE:FHI) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its stake in Federated Hermes, Inc. (NYSE:FHI) by 124.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 224,892 shares of the company’s stock after purchasing an additional 124,701 shares during the period. Trexquant Investment LP’s holdings in Federated Hermes were worth $9,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Federated Hermes by 24.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock worth $28,282,000 after purchasing an additional 152,926 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Federated Hermes by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock valued at $612,000 after buying an additional 340 shares during the period. Walleye Capital LLC purchased a new position in Federated Hermes during the 3rd quarter worth $243,000. Verition Fund Management LLC acquired a new stake in shares of Federated Hermes in the 3rd quarter worth $631,000. Finally, Centiva Capital LP boosted its holdings in shares of Federated Hermes by 35.2% in the third quarter. Centiva Capital LP now owns 10,617 shares of the company’s stock valued at $390,000 after acquiring an additional 2,767 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Trading Up 0.6 %

Shares of FHI stock opened at $41.16 on Thursday. The stock has a market cap of $3.35 billion, a P/E ratio of 12.90, a P/E/G ratio of 1.00 and a beta of 1.10. 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 fifty-two week low of $31.24 and a fifty-two week high of $43.92. The business has a fifty day simple moving average of $39.12 and a 200-day simple moving average of $39.52.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, beating 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%. On average, analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s payout ratio is currently 38.87%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FHI shares. Evercore ISI set a $44.00 price target on shares of Federated Hermes in a report on Monday, February 3rd. UBS Group increased their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada decreased their target price on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 28th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.17.

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 dated Friday, February 7th. The shares were sold at an average price of $38.81, for a total value of $215,240.26. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by insiders.

About Federated Hermes

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.