D. E. Shaw & Co. Inc. Decreases Holdings in Federated Hermes, Inc. (NYSE:FHI)

D. E. Shaw & Co. Inc. lessened its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 59.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,527 shares of the company's stock after selling 197,999 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.17% of Federated Hermes worth $5,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FHI. Quarry LP purchased a new position in Federated Hermes during the 4th quarter valued at $37,000. R Squared Ltd bought a new position in Federated Hermes in the fourth quarter worth about $43,000. Sound Income Strategies LLC purchased a new stake in Federated Hermes in the fourth quarter worth about $53,000. C M Bidwell & Associates Ltd. bought a new stake in Federated Hermes during the 4th quarter valued at approximately $73,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of 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 period. Hedge funds and other institutional investors own 75.94% of the company's stock.

Federated Hermes Stock Up 0.5%

Federated Hermes stock traded up $0.23 during mid-day trading on Thursday, reaching $42.69. The stock had a trading volume of 140,610 shares, compared to its average volume of 730,689. Federated Hermes, Inc. has a one year low of $31.24 and a one year high of $43.92. The company has a 50-day moving average price of $39.93 and a two-hundred day moving average price of $40.08. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.00 and a beta of 0.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03.

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

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were given a $0.34 dividend. The ex-dividend date was Thursday, May 8th. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 3.19%. Federated Hermes's dividend payout ratio is 38.31%.

Analysts Set New Price Targets

A number of research firms have recently commented on FHI. Wall Street Zen upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. Evercore ISI raised their price objective on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Royal Bank of Canada boosted their target price on shares of Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. UBS Group lifted their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, TD Cowen cut shares of Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $42.33.

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.