AlphaQuest LLC Has $2.64 Million Stake in Federated Hermes, Inc. (NYSE:FHI)

AlphaQuest LLC raised its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,141 shares of the company's stock after purchasing an additional 10,644 shares during the quarter. Federated Hermes accounts for approximately 0.4% of AlphaQuest LLC's portfolio, making the stock its 24th largest holding. AlphaQuest LLC owned about 0.08% of Federated Hermes worth $2,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FHI. FMR LLC raised its stake in shares of Federated Hermes by 2.5% in the 3rd quarter. FMR LLC now owns 5,666,335 shares of the company's stock valued at $208,351,000 after acquiring an additional 137,245 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Federated Hermes by 53.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock worth $52,493,000 after purchasing an additional 446,683 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Federated Hermes by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company's stock valued at $45,982,000 after buying an additional 92,643 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Federated Hermes by 19.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock valued at $37,618,000 after buying an additional 145,878 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Federated Hermes by 13.1% during the 3rd quarter. Two Sigma Advisers LP now owns 787,400 shares of the company's stock worth $28,953,000 after acquiring an additional 90,900 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

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Federated Hermes Stock Performance

Shares of FHI traded down $0.07 during mid-day trading on Thursday, hitting $37.59. The stock had a trading volume of 900,321 shares, compared to its average volume of 778,861. The company's fifty day simple moving average is $38.75 and its two-hundred day simple moving average is $38.89. 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 market cap of $3.06 billion, a PE ratio of 11.78, a PEG ratio of 1.00 and a beta of 1.10. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. On average, equities analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.30%. The ex-dividend date was Friday, February 7th. Federated Hermes's dividend payout ratio is presently 38.87%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FHI. Evercore ISI set a $44.00 price objective on shares of Federated Hermes in a research report on Monday, February 3rd. Royal Bank of Canada dropped their price target on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 28th. StockNews.com cut shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, UBS Group increased their price target on Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $42.17.

Insider Activity

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.70% of the company's stock.

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.