Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP trimmed its stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 64.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,878 shares of the company's stock after selling 18,177 shares during the period. Brevan Howard Capital Management LP's holdings in Federated Hermes were worth $406,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FHI. Allspring Global Investments Holdings LLC bought a new stake in shares of Federated Hermes in the 4th quarter worth about $292,000. Inspire Investing LLC purchased a new position in shares of Federated Hermes in the 4th quarter worth approximately $829,000. Charles Schwab Investment Management Inc. grew its position in Federated Hermes by 19.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock worth $37,618,000 after purchasing an additional 145,878 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in Federated Hermes during the 4th quarter valued at approximately $461,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Federated Hermes in the 4th quarter valued at $585,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Federated Hermes Stock Performance

FHI stock traded down $0.39 during mid-day trading on Wednesday, reaching $42.43. The company had a trading volume of 1,166,216 shares, compared to its average volume of 729,706. 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 stock has a market capitalization of $3.36 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.00 and a beta of 0.77. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $45.08. The stock's 50-day simple moving average is $39.41 and its two-hundred day simple moving average is $39.97.

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

Federated Hermes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.36 annualized dividend and a yield of 3.21%. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio is presently 38.31%.

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.