Two Sigma Advisers LP Has $32.34 Million Stake in Federated Hermes, Inc. (NYSE:FHI)

Two Sigma Advisers LP reduced its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 786,600 shares of the company’s stock after selling 800 shares during the quarter. Two Sigma Advisers LP owned 0.96% of Federated Hermes worth $32,337,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FHI. Quarry LP bought a new stake in shares of Federated Hermes in the 4th quarter valued at about $37,000. R Squared Ltd bought a new position in Federated Hermes during the fourth quarter worth about $43,000. Sound Income Strategies LLC acquired a new position in Federated Hermes during the fourth quarter worth approximately $53,000. C M Bidwell & Associates Ltd. bought a new stake in Federated Hermes in the fourth quarter valued at approximately $73,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $90,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Ratings Changes

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

Federated Hermes Stock Down 0.1%

FHI stock opened at $42.87 on Wednesday. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week 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 stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.00 and a beta of 0.77. The business’s fifty day moving average price is $39.87 and its two-hundred day moving average price is $40.06.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.10 EPS for the quarter, beating 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 the consensus estimate of $425.43 million. During the same period in the prior year, the company posted $0.89 earnings per share. Federated Hermes’s revenue was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that Federated Hermes, Inc. will post 4.04 earnings per share 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 given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.17%. 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 is presently 38.31%.

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.