Jane Street Group LLC Decreases Stock Holdings in Federated Hermes, Inc. (NYSE:FHI)

Jane Street Group LLC reduced its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 55.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,574 shares of the company's stock after selling 69,996 shares during the quarter. Jane Street Group LLC owned about 0.07% of Federated Hermes worth $2,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC increased its position in Federated Hermes by 228.6% in the third quarter. Barclays PLC now owns 215,650 shares of the company's stock worth $7,930,000 after buying an additional 150,017 shares during the last quarter. MBM Wealth Consultants LLC lifted its stake in Federated Hermes by 6.8% during the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock worth $306,000 after purchasing an additional 474 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Federated Hermes in the 4th quarter valued at about $829,000. Sound Income Strategies LLC purchased a new position in Federated Hermes during the 4th quarter valued at about $53,000. Finally, Exchange Traded Concepts LLC increased its holdings in Federated Hermes by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company's stock valued at $914,000 after purchasing an additional 560 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Trading Down 1.0%

Shares of Federated Hermes stock traded down $0.42 during mid-day trading on Monday, hitting $42.92. The stock had a trading volume of 659,150 shares, compared to its average volume of 732,012. Federated Hermes, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $39.66 and a two-hundred day moving average of $40.03. The firm has a market cap of $3.40 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.91 by $0.19. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. The company had revenue of $423.54 million during the quarter, compared to analysts' expectations of $425.43 million. During the same quarter last year, the company posted $0.89 EPS. The firm's revenue was up 6.8% compared to the same quarter last year. Sell-side analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were given a dividend of $0.34 per share. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Thursday, May 8th. Federated Hermes's payout ratio is 38.31%.

Wall Street Analysts Forecast Growth

FHI has been the topic of a number of research analyst reports. StockNews.com upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. UBS Group raised their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price objective on Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. TD Cowen downgraded shares of Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Evercore ISI raised their price objective on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $42.33.

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.