WINTON GROUP Ltd Makes New $4.16 Million Investment in Federated Hermes, Inc. (NYSE:FHI)

WINTON GROUP Ltd purchased a new stake in Federated Hermes, Inc. (NYSE:FHI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 101,072 shares of the company’s stock, valued at approximately $4,155,000. WINTON GROUP Ltd owned about 0.12% of Federated Hermes as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Federated Hermes during the 4th quarter worth $43,000. Sound Income Strategies LLC acquired a new position in shares of Federated Hermes during the fourth quarter valued at $53,000. Neo Ivy Capital Management bought a new position in Federated Hermes in the third quarter valued at about $60,000. GAMMA Investing LLC boosted its holdings in Federated Hermes by 60.9% in the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock valued at $70,000 after acquiring an additional 646 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Federated Hermes by 112.4% in the fourth 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 during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

FHI has been the topic of a number of recent research reports. Evercore ISI set a $44.00 price objective on shares of Federated Hermes 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 report on Wednesday, January 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Friday, March 21st. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.17.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm’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 transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Federated Hermes Trading Down 0.7 %

NYSE FHI opened at $41.23 on Friday. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. 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 firm has a market cap of $3.35 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.00 and a beta of 1.10. The stock’s 50-day moving average is $38.89 and its 200-day moving average is $39.29.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, January 30th. The company reported $1.04 EPS 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%. Sell-side analysts anticipate 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 presently 38.87%.

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.