GSA Capital Partners LLP Decreases Position in Federated Hermes, Inc. (NYSE:FHI)

GSA Capital Partners LLP trimmed its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 80.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,292 shares of the company’s stock after selling 42,302 shares during the quarter. GSA Capital Partners LLP’s holdings in Federated Hermes were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in FHI. SG Americas Securities LLC raised its position in shares of Federated Hermes by 267.9% in the 2nd quarter. SG Americas Securities LLC now owns 26,820 shares of the company’s stock valued at $882,000 after purchasing an additional 19,530 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Federated Hermes in the first quarter worth $1,419,000. Assenagon Asset Management S.A. grew its holdings in shares of Federated Hermes by 39.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock valued at $37,555,000 after buying an additional 324,958 shares during the last quarter. Bank of Montreal Can increased its position in shares of Federated Hermes by 102.7% in the 2nd quarter. Bank of Montreal Can now owns 282,995 shares of the company’s stock valued at $9,308,000 after acquiring an additional 143,363 shares during the period. Finally, GAMMA Investing LLC raised its stake in Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after acquiring an additional 349 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $41.71 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.15 and a beta of 1.15. The firm’s 50 day simple moving average is $38.53 and its 200-day simple moving average is $35.09. Federated Hermes, Inc. has a 12 month low of $31.08 and a 12 month high of $42.56.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.06 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 company had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. During the same quarter last year, the business earned $0.86 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Analysts expect that Federated Hermes, Inc. will post 3.88 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.97%. Federated Hermes’s payout ratio is 39.87%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FHI. Evercore ISI boosted their price target on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com upgraded Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Monday. UBS Group raised their price target 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada raised their target price on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Insiders Place Their Bets

In related news, VP Paul A. Uhlman sold 6,311 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total value of $261,212.29. Following the transaction, the vice president now directly owns 310,767 shares of the company’s stock, valued at approximately $12,862,646.13. This trade represents a 1.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Dolores D. Dudiak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the sale, the vice president now owns 77,288 shares of the company’s stock, valued at approximately $3,083,018.32. This trade represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,280 shares of company stock worth $1,185,871. 3.70% of the stock is owned by corporate insiders.

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.