23,300 Shares in Federated Hermes, Inc. (NYSE:FHI) Acquired by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC acquired a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,300 shares of the company's stock, valued at approximately $958,000.

A number of other institutional investors also recently made changes to their positions in FHI. R Squared Ltd acquired a new stake in Federated Hermes in the fourth quarter valued at $43,000. Sound Income Strategies LLC acquired a new stake in shares of Federated Hermes during the 4th quarter valued at approximately $53,000. Neo Ivy Capital Management acquired a new stake in shares of Federated Hermes during the third quarter worth $60,000. GAMMA Investing LLC lifted its position in shares of Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company's stock worth $70,000 after buying an additional 646 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Federated Hermes during the 4th quarter valued at about $73,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company's stock.

Federated Hermes Price Performance

NYSE FHI traded up $0.11 on Wednesday, reaching $35.96. The company's stock had a trading volume of 342,519 shares, compared to its average volume of 876,985. The firm's 50 day moving average is $38.92 and its two-hundred day moving average is $39.55. The stock has a market cap of $2.92 billion, a PE ratio of 11.28, a PEG ratio of 1.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. Federated Hermes, Inc. has a twelve month low of $31.24 and a twelve month high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. As a group, sell-side analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.45%. Federated Hermes's dividend payout ratio is presently 38.87%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. JPMorgan Chase & Co. restated an "underweight" rating and set a $41.00 price objective (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Royal Bank of Canada dropped their target price on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 28th. UBS Group boosted 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. Finally, Evercore ISI set a $44.00 price objective on shares of Federated Hermes in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $42.17.

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.