Integrated Quantitative Investments LLC Lowers Holdings in Federated Hermes, Inc. $FHI

Integrated Quantitative Investments LLC decreased its holdings in Federated Hermes, Inc. (NYSE:FHI) by 43.0% in the third quarter, according to the company in its most recent disclosure with the Securities & 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 reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FHI. Picton Mahoney Asset Management boosted its stake 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 raised its position 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 buying an additional 2,947 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Federated Hermes by 2,410.2% in the third quarter. Victory Capital Management Inc. now owns 779,492 shares of the company’s stock worth $40,479,000 after buying an additional 748,439 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its position in shares of Federated Hermes by 32.7% during the third quarter. Elo Mutual Pension Insurance Co now owns 41,040 shares of the company’s stock worth $2,131,000 after acquiring an additional 10,115 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Federated Hermes during the third quarter valued at $75,000. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Stock Performance

Federated Hermes stock opened at $56.95 on Friday. The company’s 50-day moving average price is $54.03 and its 200-day moving average price is $52.31. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The company has a market cap of $4.42 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.55 and a beta of 0.73. Federated Hermes, Inc. has a twelve month low of $35.05 and a twelve month high of $57.33.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, January 29th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The company had revenue of $482.83 million during the quarter, compared to analyst estimates of $468.45 million. During the same quarter last year, the business posted $1.04 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. On average, equities research analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, February 6th. Federated Hermes’s dividend payout ratio is presently 26.46%.

Analysts Set New Price Targets

A number of brokerages have issued reports on FHI. Zacks Research downgraded shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Weiss Ratings restated a “buy (b)” rating on shares of Federated Hermes in a research report on Thursday, January 22nd. TD Cowen reaffirmed a “hold” rating on shares of Federated Hermes in a report on Wednesday, January 14th. Argus upgraded Federated Hermes to a “hold” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Two 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 an average rating of “Hold” and a consensus price target of $55.00.

About Federated Hermes

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.