XTX Topco Ltd Takes Position in Federated Hermes, Inc. (NYSE:FHI)

XTX Topco Ltd bought a new stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,837 shares of the company's stock, valued at approximately $238,000.

Other large investors have also modified their holdings of the company. Meritage Portfolio Management boosted its position in shares of Federated Hermes by 100.7% during the first quarter. Meritage Portfolio Management now owns 22,964 shares of the company's stock valued at $936,000 after buying an additional 11,523 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Federated Hermes during the first quarter valued at approximately $2,584,000. Ritholtz Wealth Management purchased a new position in shares of Federated Hermes during the first quarter valued at approximately $1,283,000. Mackenzie Financial Corp purchased a new position in shares of Federated Hermes during the first quarter valued at approximately $214,000. Finally, SG Americas Securities LLC purchased a new position in shares of Federated Hermes during the first quarter valued at approximately $401,000. Hedge funds and other institutional investors own 75.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. raised shares of Federated Hermes from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $40.00 to $54.00 in a research note on Monday, August 4th. Evercore ISI lifted their price target on shares of Federated Hermes from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Royal Bank Of Canada set a $51.00 price target on shares of Federated Hermes and gave the company a "sector perform" rating in a research note on Thursday. Finally, TD Cowen downgraded shares of Federated Hermes from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $47.00.

Federated Hermes Stock Down 0.4%

NYSE:FHI traded down $0.23 during trading hours on Friday, reaching $53.71. The company's stock had a trading volume of 1,243,913 shares, compared to its average volume of 768,546. The company has a market capitalization of $4.17 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 0.76 and a beta of 0.77. Federated Hermes, Inc. has a 12 month low of $32.93 and a 12 month high of $54.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.37. The stock has a 50 day moving average price of $46.79 and a two-hundred day moving average price of $42.21.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.17. The company had revenue of $424.84 million during the quarter, compared to the consensus estimate of $424.83 million. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. Federated Hermes's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Equities analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.5%. Federated Hermes's dividend payout ratio is presently 30.16%.

Insider Activity

In other news, VP Paul A. Uhlman sold 6,057 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $42.14, for a total transaction of $255,241.98. Following the transaction, the vice president directly owned 316,930 shares of the company's stock, valued at approximately $13,355,430.20. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.80% of the company's stock.

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.