Tudor Investment Corp ET AL Sells 87,404 Shares of Federated Hermes, Inc. (NYSE:FHI)

Tudor Investment Corp ET AL decreased its position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 64.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,897 shares of the company's stock after selling 87,404 shares during the quarter. Tudor Investment Corp ET AL owned 0.06% of Federated Hermes worth $1,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its stake in Federated Hermes by 228.6% during the 3rd quarter. Barclays PLC now owns 215,650 shares of the company's stock valued at $7,930,000 after purchasing an additional 150,017 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Federated Hermes during the third quarter valued at $113,000. GAMMA Investing LLC boosted its position in shares of Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock valued at $70,000 after buying an additional 646 shares during the last quarter. Fortis Advisors LLC bought a new stake in Federated Hermes in the 4th quarter worth about $727,000. Finally, MBM Wealth Consultants LLC raised its position in Federated Hermes by 6.8% in the 4th quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock worth $306,000 after buying an additional 474 shares during the last quarter. Institutional investors own 75.94% of the company's stock.

Federated Hermes Stock Performance

Shares of FHI stock traded up $0.15 during mid-day trading on Friday, reaching $42.82. 681,548 shares of the company's stock traded hands, compared to its average volume of 727,434. 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 firm has a market capitalization of $3.39 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92. The firm has a 50 day moving average price of $39.26 and a two-hundred day moving average price of $39.91.

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

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.34 per share. This is a boost from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 3.18%. Federated Hermes's dividend payout ratio (DPR) is presently 38.31%.

Wall Street Analyst Weigh In

FHI has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of Federated Hermes from $37.00 to $43.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Evercore ISI lifted their target price 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. JPMorgan Chase & Co. reissued an "underweight" rating and set a $41.00 price target (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. StockNews.com upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. Finally, UBS Group upped their price objective on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $42.33.

Federated Hermes Company 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.