Integrated Quantitative Investments LLC Trims Stake in Federated Hermes, Inc. $FHI

Integrated Quantitative Investments LLC cut its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 43.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,461 shares of the company’s stock after selling 9,405 shares during the period. Integrated Quantitative Investments LLC’s holdings in Federated Hermes were worth $647,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FHI. Picton Mahoney Asset Management raised its position in Federated Hermes by 23.1% in the 3rd quarter. Picton Mahoney Asset Management now owns 37,948 shares of the company’s stock worth $1,972,000 after purchasing an additional 7,118 shares during the period. Legato Capital Management LLC boosted its stake in shares of Federated Hermes by 17.8% during the third quarter. Legato Capital Management LLC now owns 19,530 shares of the company’s stock valued at $1,014,000 after purchasing an additional 2,947 shares during the period. Victory Capital Management Inc. grew its stake in Federated Hermes by 2,410.2% in the 3rd quarter. Victory Capital Management Inc. now owns 779,492 shares of the company’s stock worth $40,479,000 after acquiring an additional 748,439 shares in the last quarter. Elo Mutual Pension Insurance Co grew its stake in Federated Hermes by 32.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 41,040 shares of the company’s stock worth $2,131,000 after purchasing an additional 10,115 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Federated Hermes during the 3rd quarter worth $75,000. 75.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FHI shares. TD Cowen reissued a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th. Wall Street Zen lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $55.00 price target (up from $54.00) on shares of Federated Hermes in a research note on Tuesday, February 3rd. Zacks Research downgraded Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Argus upgraded Federated Hermes to a “hold” rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Federated Hermes presently has a consensus rating of “Hold” and a consensus target price of $55.00.

Federated Hermes Stock Performance

Shares of FHI opened at $56.95 on Friday. The stock has a 50-day moving average of $54.03 and a two-hundred day moving average of $52.31. Federated Hermes, Inc. has a one year low of $35.05 and a one year high of $57.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.58 and a current ratio of 2.75. The stock has a market cap of $4.42 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.55 and a beta of 0.73.

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

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.36 dividend on an annualized basis and a yield of 2.4%. Federated Hermes’s dividend payout ratio (DPR) is currently 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.