Quantbot Technologies LP Has $1.14 Million Stock Position in Federated Hermes, Inc. (NYSE:FHI)

Quantbot Technologies LP reduced its position in Federated Hermes, Inc. (NYSE:FHI) by 12.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,055 shares of the company’s stock after selling 4,558 shares during the period. Quantbot Technologies LP’s holdings in Federated Hermes were worth $1,142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FHI. GAMMA Investing LLC grew its stake in shares of Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after buying an additional 349 shares in the last quarter. CWM LLC grew its position in Federated Hermes by 985.7% in the second quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after acquiring an additional 1,311 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Federated Hermes during the 2nd quarter worth $47,000. UMB Bank n.a. raised its holdings in shares of Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after purchasing an additional 296 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Federated Hermes by 134.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock valued at $64,000 after purchasing an additional 1,117 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction on Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the sale, the chief executive officer now owns 179,096 shares in the company, valued at $7,138,766.56. The trade was a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Dolores D. Dudiak sold 5,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the transaction, the vice president now owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,280 shares of company stock worth $1,185,871 over the last three months. Company insiders own 3.70% of the company’s stock.

Federated Hermes Stock Down 0.2 %

Shares of FHI stock opened at $42.75 on Friday. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.23. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.50 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.19 and a beta of 1.15. The stock has a 50 day moving average of $39.37 and a 200-day moving average of $35.52.

Federated Hermes (NYSE:FHI) last issued 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 the consensus estimate of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. On average, equities analysts predict that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, November 8th. Federated Hermes’s dividend payout ratio (DPR) is presently 39.87%.

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.