Tudor Investment Corp ET AL Cuts Position in Federated Hermes, Inc. (NYSE:FHI)

Tudor Investment Corp ET AL trimmed its holdings in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) by 64.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,897 shares of the company's stock after selling 87,404 shares during the period. Tudor Investment Corp ET AL owned approximately 0.06% of Federated Hermes worth $1,969,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Walleye Capital LLC raised its stake in Federated Hermes by 4.1% during the fourth quarter. Walleye Capital LLC now owns 6,877 shares of the company's stock valued at $283,000 after buying an additional 269 shares during the last quarter. Amalgamated Bank boosted its stake in Federated Hermes by 1.0% in the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company's stock worth $1,341,000 after purchasing an additional 313 shares in the last quarter. MBM Wealth Consultants LLC grew its position in Federated Hermes by 6.8% during the 4th 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. Tower Research Capital LLC TRC increased its stake in Federated Hermes by 4.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,324 shares of the company's stock valued at $424,000 after purchasing an additional 474 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in 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 buying an additional 560 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.80% of the company's stock.

Federated Hermes Price Performance

NYSE FHI opened at $41.74 on Monday. The company has a 50-day moving average price of $38.86 and a 200-day moving average price of $39.78. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.30 billion, a P/E ratio of 13.08, a PEG ratio of 1.00 and a beta of 0.77.

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 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 for the quarter, compared to analysts' expectations of $425.43 million. During the same quarter last year, the company posted $0.89 EPS. The company's revenue was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, May 8th. This is a positive change from Federated Hermes's previous quarterly dividend of $0.31. Federated Hermes's payout ratio is currently 38.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FHI shares. StockNews.com upgraded shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a report on Monday, April 28th. Royal Bank of Canada lowered their price target on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 28th. Evercore ISI lifted their price objective on Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. JPMorgan Chase & Co. restated an "underweight" rating and set a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Federated Hermes has a consensus rating of "Hold" and a consensus price target of $41.67.

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.

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