Interval Partners LP Sells 192,134 Shares of Federated Hermes, Inc. (NYSE:FHI)

Interval Partners LP cut its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 52.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,610 shares of the company’s stock after selling 192,134 shares during the quarter. Interval Partners LP owned about 0.21% of Federated Hermes worth $7,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its position in Federated Hermes by 228.6% during the third quarter. Barclays PLC now owns 215,650 shares of the company’s stock valued at $7,930,000 after buying an additional 150,017 shares during the period. GAMMA Investing LLC boosted its stake in Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after acquiring an additional 646 shares in the last quarter. Fortis Advisors LLC bought a new stake in Federated Hermes during the fourth quarter worth about $727,000. MBM Wealth Consultants LLC grew its holdings in Federated Hermes by 6.8% in the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company’s stock worth $306,000 after purchasing an additional 474 shares during the period. Finally, Inspire Investing LLC bought a new position in shares of Federated Hermes during the fourth quarter valued at approximately $829,000. 75.94% of the stock is currently owned by institutional investors.

Federated Hermes Trading Up 0.4%

Shares of FHI stock opened at $42.82 on Monday. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. Federated Hermes, Inc. has a 12-month low of $31.24 and a 12-month high of $43.92. The stock has a market capitalization of $3.39 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.00 and a beta of 0.77. The firm’s 50 day moving average is $39.26 and its 200 day moving average is $39.92.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The company had revenue of $423.54 million during the quarter, compared to analysts’ expectations of $425.43 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. Federated Hermes’s revenue for the quarter was up 6.8% compared to the same quarter last year. Research analysts expect that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, May 8th. This is a boost from Federated Hermes’s previous quarterly dividend of $0.31. Federated Hermes’s dividend payout ratio is 38.31%.

Wall Street Analyst Weigh In

FHI has been the topic of a number of analyst reports. StockNews.com raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 28th. UBS Group increased their target price on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price target on Federated Hermes from $37.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $41.00 price target (down previously from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Evercore ISI raised their price objective on shares of Federated Hermes from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Federated Hermes presently has an average rating of “Hold” and a consensus price target of $42.33.

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.