Federated Hermes, Inc. (NYSE:FHI) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 59.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,527 shares of the company's stock after selling 197,999 shares during the period. D. E. Shaw & Co. Inc. owned about 0.17% of Federated Hermes worth $5,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its position in shares of 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 acquiring an additional 253,553 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Federated Hermes by 3.5% during the fourth 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 during the period. Geode Capital Management LLC grew its holdings in shares of Federated Hermes by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,282,252 shares of the company's stock worth $52,731,000 after buying an additional 32,070 shares during the last quarter. Bank of New York Mellon Corp increased its position in Federated Hermes by 53.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock valued at $52,493,000 after acquiring an additional 446,683 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake 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 valued at $37,618,000 after acquiring an additional 145,878 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group boosted their target price on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. TD Cowen downgraded shares of Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. StockNews.com raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. Evercore ISI lifted their price target on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $42.33.

Federated Hermes Price Performance

NYSE:FHI traded down $0.06 during mid-day trading on Tuesday, hitting $42.87. 472,887 shares of the company's stock traded hands, compared to its average volume of 730,980. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The company has a market cap of $3.39 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77. The firm's 50 day simple moving average is $39.76 and its 200 day simple moving average is $40.04. Federated Hermes, Inc. has a 1 year low of $31.24 and a 1 year high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the company posted $0.89 EPS. The company's revenue was up 6.8% on a year-over-year basis. Sell-side analysts expect 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 was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.17%. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio (DPR) 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.