AQR Capital Management LLC Has $105.16 Million Position in Federated Hermes, Inc. (NYSE:FHI)

AQR Capital Management LLC cut its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,558,025 shares of the company's stock after selling 101,702 shares during the quarter. AQR Capital Management LLC owned about 3.13% of Federated Hermes worth $105,160,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its stake in Federated Hermes by 4.5% during the fourth quarter. FMR LLC now owns 5,919,888 shares of the company's stock worth $243,367,000 after buying an additional 253,553 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in Federated Hermes by 3.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,263 shares of the company's stock worth $77,626,000 after buying an additional 63,664 shares in the last quarter. Geode Capital Management LLC boosted its position in Federated Hermes by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,282,252 shares of the company's stock valued at $52,731,000 after buying an additional 32,070 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Federated Hermes by 53.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock worth $52,493,000 after acquiring an additional 446,683 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Federated Hermes by 19.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock worth $37,618,000 after acquiring an additional 145,878 shares during the period. Hedge funds and other institutional investors own 75.94% of the company's stock.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the sale, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $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 is available through this link. Corporate insiders own 3.80% of the company's stock.

Federated Hermes Stock Up 0.5 %

Shares of NYSE FHI traded up $0.20 during mid-day trading on Monday, reaching $41.91. The company had a trading volume of 128,152 shares, compared to its average volume of 728,738. The stock has a fifty day moving average of $38.86 and a two-hundred day moving average of $39.78. Federated Hermes, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 1.00 and a beta of 0.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70.

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 analyst estimates of $425.43 million. During the same period in the previous year, the company earned $0.89 EPS. The firm's revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, May 8th. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio is 38.31%.

Analysts Set New Price Targets

FHI has been the topic of several recent research reports. JPMorgan Chase & Co. restated an "underweight" rating and set a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Evercore ISI boosted their price target on shares of Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. StockNews.com upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research note 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 report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Federated Hermes has an average rating of "Hold" and an average price target of $41.67.

Federated Hermes Company 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.