Jump Financial LLC Has $1.28 Million Stake in Federated Hermes, Inc. (NYSE:FHI)

Jump Financial LLC raised its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 363.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,200 shares of the company's stock after purchasing an additional 24,474 shares during the period. Jump Financial LLC's holdings in Federated Hermes were worth $1,283,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of FHI. R Squared Ltd bought a new position in Federated Hermes during the 4th quarter worth about $43,000. Sound Income Strategies LLC bought a new position in shares of Federated Hermes during the fourth quarter worth about $53,000. GAMMA Investing LLC raised its position in Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock valued at $70,000 after buying an additional 646 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Federated Hermes in the 4th quarter valued at approximately $73,000. Finally, Jones Financial Companies Lllp boosted its position in Federated Hermes by 112.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company's stock worth $109,000 after acquiring an additional 1,400 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Stock Performance

Shares of FHI traded up $1.74 during mid-day trading on Friday, reaching $40.04. The company's stock had a trading volume of 1,692,711 shares, compared to its average volume of 734,938. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. The business has a 50-day simple moving average of $38.60 and a two-hundred day simple moving average of $39.62. The stock has a market cap of $3.26 billion, a P/E ratio of 12.55, a PEG ratio of 1.00 and a beta of 0.84.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.19. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The business had revenue of $423.54 million during the quarter, compared to the consensus estimate of $425.43 million. As a group, equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 3.40%. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio is 38.87%.

Insider Buying and Selling at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the transaction, the chief executive officer now owns 179,096 shares of the company's stock, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

FHI has been the subject of several recent research reports. StockNews.com cut shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 1st. Evercore ISI reduced their price objective on shares of Federated Hermes from $42.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price target on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $41.17.

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.