Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 29.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,570 shares of the company’s stock after selling 52,221 shares during the quarter. Jane Street Group LLC owned 0.15% of Federated Hermes worth $4,617,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of Federated Hermes by 88.3% in the second quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock valued at $87,866,000 after purchasing an additional 1,261,097 shares during the period. LSV Asset Management purchased a new position in Federated Hermes in the 2nd quarter valued at approximately $11,913,000. AXA S.A. acquired a new position in shares of Federated Hermes in the second quarter worth $6,200,000. Charles Schwab Investment Management Inc. increased its position 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 acquiring an additional 152,926 shares during the period. Finally, Factorial Partners LLC acquired a new stake in shares of Federated Hermes in the second quarter valued at $4,726,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on FHI shares. Royal Bank of Canada boosted their target price on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. UBS Group boosted their price objective on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a report on Monday, November 11th. Evercore ISI boosted their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $46.00 in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Federated Hermes Stock Down 1.6 %

Shares of NYSE:FHI opened at $41.95 on Wednesday. The firm has a 50 day simple moving average of $40.79 and a 200-day simple moving average of $36.37. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.43 billion, a PE ratio of 13.49, a P/E/G ratio of 1.19 and a beta of 1.15.

Federated Hermes (NYSE:FHI) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analysts’ expectations of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. During the same period in the previous year, the company earned $0.86 earnings per share. Federated Hermes’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Federated Hermes, Inc. will post 3.88 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.96%. Federated Hermes’s dividend payout ratio is presently 39.87%.

Insiders Place Their Bets

In other Federated Hermes news, VP Paul A. Uhlman sold 6,311 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total transaction of $261,212.29. Following the transaction, the vice president now directly owns 310,767 shares of the company’s stock, valued at approximately $12,862,646.13. This trade represents a 1.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $7,138,766.56. The trade was a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,280 shares of company stock valued at $1,185,871 over the last quarter. Company insiders own 3.70% of the company’s stock.

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.