Barclays PLC Buys 150,017 Shares of Federated Hermes, Inc. (NYSE:FHI)

Barclays PLC lifted its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 228.6% in the third quarter, HoldingsChannel reports. The fund owned 215,650 shares of the company’s stock after acquiring an additional 150,017 shares during the period. Barclays PLC’s holdings in Federated Hermes were worth $7,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Federated Hermes by 2.5% in the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock worth $208,351,000 after purchasing an additional 137,245 shares during the period. AQR Capital Management LLC boosted its holdings in Federated Hermes by 88.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock worth $87,866,000 after buying an additional 1,261,097 shares during the period. Millennium Management LLC increased its stake in Federated Hermes by 1.1% in the 2nd quarter. Millennium Management LLC now owns 969,844 shares of the company’s stock worth $31,888,000 after buying an additional 10,552 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Federated Hermes by 13.1% during the third quarter. Two Sigma Advisers LP now owns 787,400 shares of the company’s stock valued at $28,953,000 after acquiring an additional 90,900 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Federated Hermes by 24.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,167 shares of the company’s stock valued at $28,282,000 after acquiring an additional 152,926 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Federated Hermes Trading Down 1.6 %

Shares of FHI opened at $41.95 on Wednesday. The stock has a market capitalization of $3.43 billion, a PE ratio of 13.49, a P/E/G ratio of 1.19 and a beta of 1.15. The company’s fifty day moving average is $40.79 and its 200 day moving average is $36.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.14. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The firm had revenue of $408.46 million for the quarter, compared to analysts’ expectations of $410.26 million. During the same period in the prior year, the company earned $0.86 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. Sell-side analysts expect that Federated Hermes, Inc. will post 3.88 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, November 8th. Federated Hermes’s payout ratio is 39.87%.

Insider Transactions at Federated Hermes

In other Federated Hermes news, insider Richard A. Novak sold 1,363 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total transaction of $56,523.61. Following the completion of the transaction, the insider now owns 53,837 shares in the company, valued at $2,232,620.39. The trade was a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the completion of the sale, the chief executive officer now owns 179,096 shares in the company, valued at approximately $7,138,766.56. The trade was a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,280 shares of company stock worth $1,185,871. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FHI has been the subject of several research analyst reports. Evercore ISI increased their target price on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. UBS Group upped their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada raised their target price on shares of Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Finally, TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.33.

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.