Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 664,483 shares of the company's stock after selling 79,301 shares during the period. Two Sigma Investments LP owned about 0.81% of Federated Hermes worth $27,317,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Walleye Capital LLC grew its holdings in shares of Federated Hermes by 4.1% in the fourth quarter. Walleye Capital LLC now owns 6,877 shares of the company's stock worth $283,000 after purchasing an additional 269 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Federated Hermes by 1.0% in the fourth quarter. Amalgamated Bank now owns 32,614 shares of the company's stock worth $1,341,000 after purchasing an additional 313 shares during the last quarter. MBM Wealth Consultants LLC grew its holdings in shares of Federated Hermes by 6.8% in the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock worth $306,000 after purchasing an additional 474 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Federated Hermes by 4.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,324 shares of the company's stock worth $424,000 after purchasing an additional 474 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Federated Hermes by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company's stock worth $914,000 after purchasing an additional 560 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Price Performance

Federated Hermes stock traded up $0.07 during trading on Tuesday, reaching $42.15. The company had a trading volume of 147,177 shares, compared to its average volume of 731,698. The firm's 50-day simple moving average is $40.10 and its 200 day simple moving average is $40.09. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. The firm has a market capitalization of $3.33 billion, a PE ratio of 13.21, a price-to-earnings-growth 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 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 company had revenue of $423.54 million for the quarter, compared to analysts' expectations of $425.43 million. During the same quarter in the previous year, the company posted $0.89 EPS. The firm's quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, May 8th. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's dividend payout ratio (DPR) is 38.31%.

Analysts Set New Price Targets

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

Federated Hermes 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.