Federated Hermes, Inc. $FHI Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 80.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,950 shares of the company’s stock after selling 20,601 shares during the period. Quantbot Technologies LP’s holdings in Federated Hermes were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in FHI. LSV Asset Management raised its stake in Federated Hermes by 77.6% during the 2nd quarter. LSV Asset Management now owns 1,966,142 shares of the company’s stock worth $87,139,000 after acquiring an additional 859,053 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in Federated Hermes by 2,427.2% in the third quarter. Jupiter Asset Management Ltd. now owns 527,368 shares of the company’s stock valued at $27,386,000 after acquiring an additional 506,500 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Federated Hermes by 20.1% during the second quarter. AQR Capital Management LLC now owns 2,978,885 shares of the company’s stock worth $132,024,000 after purchasing an additional 498,202 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Federated Hermes by 405.3% during the second quarter. Qube Research & Technologies Ltd now owns 607,504 shares of the company’s stock worth $26,925,000 after purchasing an additional 487,281 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Federated Hermes by 267.5% during the second quarter. Ameriprise Financial Inc. now owns 572,738 shares of the company’s stock worth $25,380,000 after purchasing an additional 416,909 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FHI. Wall Street Zen cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Argus raised Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. TD Cowen reissued a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th. Royal Bank Of Canada restated a “sector perform” rating and set a $55.00 target price (up from $54.00) on shares of Federated Hermes in a research report on Tuesday, February 3rd. Finally, Zacks Research cut shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.00.

Federated Hermes Stock Down 0.2%

FHI opened at $55.24 on Wednesday. The business has a 50 day moving average price of $54.14 and a two-hundred day moving average price of $52.36. The company has a quick ratio of 2.30, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The company has a market cap of $4.28 billion, a PE ratio of 10.75, a P/E/G ratio of 0.54 and a beta of 0.73. Federated Hermes, Inc. has a 52 week low of $35.05 and a 52 week high of $57.33.

Federated Hermes (NYSE:FHI) last announced its earnings results on Thursday, January 29th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $482.83 million for the quarter, compared to the consensus estimate of $468.45 million. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The company’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. As a group, research analysts anticipate that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, February 6th. Federated Hermes’s dividend payout ratio (DPR) is 26.46%.

Federated Hermes Profile

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.