Schonfeld Strategic Advisors LLC Sells 54,805 Shares of Federated Hermes, Inc. (NYSE:FHI)

Schonfeld Strategic Advisors LLC lessened its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 90.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,798 shares of the company's stock after selling 54,805 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Federated Hermes were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FHI. Barclays PLC increased its position in Federated Hermes by 228.6% during the third quarter. Barclays PLC now owns 215,650 shares of the company's stock worth $7,930,000 after buying an additional 150,017 shares during the last quarter. Fortis Advisors LLC acquired a new position in Federated Hermes during the fourth quarter worth approximately $727,000. MBM Wealth Consultants LLC grew its position 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 valued at $306,000 after purchasing an additional 474 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of Federated Hermes in the fourth quarter valued at approximately $829,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Federated Hermes in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Federated Hermes Price Performance

NYSE:FHI traded up $0.36 during trading hours on Friday, reaching $43.32. 862,485 shares of the company were exchanged, compared to its average volume of 731,901. The company has a market capitalization of $3.43 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.00 and a beta of 0.77. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The business has a 50 day moving average of $39.66 and a 200 day moving average of $40.03.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.19. The business had revenue of $423.54 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.89 earnings per share. Research analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The firm 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. The ex-dividend date of this dividend 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 3.14%. Federated Hermes's dividend payout ratio is presently 38.31%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group upped their target price on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. StockNews.com raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. Royal Bank of Canada upped their target price on Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Evercore ISI upped their target price on Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, TD Cowen downgraded Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued 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 stock 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.