Integrated Quantitative Investments LLC Invests $969,000 in Federated Hermes, Inc. $FHI

Integrated Quantitative Investments LLC acquired a new stake in shares of Federated Hermes, Inc. (NYSE:FHI) during the second quarter, according to its most recent filing with the SEC. The fund acquired 21,866 shares of the company’s stock, valued at approximately $969,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Federated Hermes by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company’s stock valued at $357,178,000 after buying an additional 265,590 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Federated Hermes by 249.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company’s stock valued at $130,446,000 after acquiring an additional 2,284,509 shares during the period. Invesco Ltd. grew its stake in Federated Hermes by 6.2% during the first quarter. Invesco Ltd. now owns 2,367,754 shares of the company’s stock valued at $96,533,000 after acquiring an additional 137,248 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Federated Hermes by 0.9% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,904,596 shares of the company’s stock worth $77,650,000 after acquiring an additional 16,333 shares during the period. Finally, LSV Asset Management lifted its stake in Federated Hermes by 27.1% in the 1st quarter. LSV Asset Management now owns 1,107,089 shares of the company’s stock worth $45,136,000 after purchasing an additional 236,313 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Federated Hermes Trading Down 0.1%

Shares of FHI opened at $49.13 on Friday. Federated Hermes, Inc. has a fifty-two week low of $35.05 and a fifty-two week high of $54.42. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.54 and a beta of 0.83. The firm has a 50 day moving average price of $51.13 and a 200-day moving average price of $48.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.37.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, October 30th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.11 by $0.23. The company had revenue of $469.45 million for the quarter, compared to analyst estimates of $442.67 million. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 EPS. As a group, equities research analysts forecast that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a dividend of $0.34 per share. The ex-dividend date was Friday, November 7th. This represents a $1.36 annualized dividend and a yield of 2.8%. Federated Hermes’s dividend payout ratio is currently 28.39%.

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $48.54, for a total value of $728,100.00. Following the completion of the sale, the chief executive officer owned 157,039 shares in the company, valued at approximately $7,622,673.06. The trade was a 8.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FHI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research note on Wednesday, October 8th. TD Cowen upped their price objective on shares of Federated Hermes from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Cowen reaffirmed a “hold” rating on shares of Federated Hermes in a research note on Tuesday, November 4th. Royal Bank Of Canada boosted their price target on shares of Federated Hermes from $45.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Federated Hermes from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Federated Hermes currently has an average rating of “Moderate Buy” and a consensus price target of $49.67.

About Federated Hermes

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.