XTX Topco Ltd Purchases 65,232 Shares of Federated Hermes, Inc. $FHI

XTX Topco Ltd raised its position in Federated Hermes, Inc. (NYSE:FHI) by 1,117.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 71,069 shares of the company’s stock after acquiring an additional 65,232 shares during the quarter. XTX Topco Ltd’s holdings in Federated Hermes were worth $3,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Federated Hermes by 3.1% during the first quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company’s stock worth $357,178,000 after purchasing an additional 265,590 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Federated Hermes by 249.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company’s stock worth $130,446,000 after buying an additional 2,284,509 shares during the last quarter. Invesco Ltd. increased its position in Federated Hermes by 6.2% during the 1st quarter. Invesco Ltd. now owns 2,367,754 shares of the company’s stock valued at $96,533,000 after buying an additional 137,248 shares in the last quarter. LSV Asset Management raised its stake in Federated Hermes by 77.6% in the second quarter. LSV Asset Management now owns 1,966,142 shares of the company’s stock valued at $87,139,000 after buying an additional 859,053 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in Federated Hermes by 0.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,904,596 shares of the company’s stock worth $77,650,000 after acquiring an additional 16,333 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FHI shares. Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a research note on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Federated Hermes in a research note on Tuesday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Evercore ISI raised their price target on shares of Federated Hermes from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Finally, TD Cowen boosted their price objective on shares of Federated Hermes from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.67.

Insider Buying and Selling

In other news, CEO Saker Anwar Nusseibeh sold 4,461 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $213,458.85. Following the sale, the chief executive officer owned 161,578 shares of the company’s stock, valued at $7,731,507.30. This trade represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard A. Novak sold 1,249 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total transaction of $59,764.65. Following the completion of the transaction, the insider owned 57,500 shares of the company’s stock, valued at approximately $2,751,375. This represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,709 shares of company stock valued at $1,049,146 over the last ninety days. Company insiders own 3.80% of the company’s stock.

Federated Hermes Stock Up 1.0%

FHI stock opened at $49.42 on Wednesday. The company has a market capitalization of $3.83 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 0.54 and a beta of 0.83. Federated Hermes, Inc. has a 12 month low of $35.05 and a 12 month high of $54.42. The firm’s fifty day simple moving average is $50.49 and its 200-day simple moving average is $48.46. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.37 and a quick ratio of 2.32.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, October 30th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.23. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The company had revenue of $469.45 million during the quarter, compared to the consensus estimate of $442.67 million. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. As a group, equities research analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were paid a $0.34 dividend. The ex-dividend date was Friday, November 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.8%. Federated Hermes’s dividend payout ratio is presently 28.39%.

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.