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

Two Sigma Advisers LP lessened its stake in Federated Hermes, Inc. (NYSE:FHI) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & 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’s holdings in Federated Hermes were worth $32,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Walleye Capital LLC increased its holdings in Federated Hermes by 4.1% in the 4th 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 period. Amalgamated Bank boosted its position in shares of Federated Hermes by 1.0% during the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company’s stock worth $1,341,000 after acquiring an additional 313 shares in the last quarter. MBM Wealth Consultants LLC increased its stake in 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 acquiring an additional 474 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Federated Hermes by 4.8% during the fourth 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 lifted its stake in Federated Hermes by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company’s stock worth $914,000 after purchasing an additional 560 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Evercore ISI boosted their price target on Federated Hermes from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. StockNews.com raised shares of Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday, April 28th. UBS Group lifted their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, TD Cowen cut shares of Federated Hermes from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $42.33.

Federated Hermes Stock Performance

Shares of FHI stock opened at $42.87 on Wednesday. The firm 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 company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The business’s 50-day moving average price is $39.87 and its 200-day moving average price is $40.06. Federated Hermes, Inc. has a 12 month low of $31.24 and a 12 month high of $43.92.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, April 24th. The company reported $1.10 EPS 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 the consensus estimate of $425.43 million. During the same period last year, the company earned $0.89 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were issued 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 payout ratio is 38.31%.

Federated Hermes 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.