Inspire Investing LLC Raises Stock Holdings in Federated Hermes, Inc. $FHI

Inspire Investing LLC grew its stake in Federated Hermes, Inc. (NYSE:FHI) by 231.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,293 shares of the company’s stock after acquiring an additional 46,300 shares during the quarter. Inspire Investing LLC’s holdings in Federated Hermes were worth $3,452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FHI. MAI Capital Management lifted its position in shares of Federated Hermes by 86.7% in the third quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $25,000 after acquiring an additional 221 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Federated Hermes in the fourth quarter valued at $25,000. CIBC Private Wealth Group LLC lifted its position in shares of Federated Hermes by 119.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company’s stock valued at $38,000 after acquiring an additional 401 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Federated Hermes by 145.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 848 shares of the company’s stock valued at $44,000 after acquiring an additional 503 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Federated Hermes in the second quarter valued at $56,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FHI. TD Cowen reduced their price objective on Federated Hermes from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Royal Bank Of Canada reduced their target price on Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen downgraded Federated Hermes from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Evercore reiterated an “outperform” rating and set a $59.00 target price on shares of Federated Hermes in a research report on Monday, June 8th. Finally, JPMorgan Chase & Co. reduced their target price on Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Federated Hermes has a consensus rating of “Hold” and a consensus target price of $55.00.

Federated Hermes Stock Performance

NYSE FHI opened at $59.35 on Thursday. The business’s 50-day moving average price is $56.38 and its 200 day moving average price is $54.95. Federated Hermes, Inc. has a twelve month low of $41.71 and a twelve month high of $59.68. The company has a market capitalization of $4.50 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 2.10 and a beta of 0.65. The company has a current ratio of 3.28, a quick ratio of 2.73 and a debt-to-equity ratio of 0.29.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.07. Federated Hermes had a return on equity of 33.90% and a net margin of 21.47%.The firm had revenue of $478.96 million for the quarter, compared to the consensus estimate of $475.22 million. During the same period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, research analysts predict that Federated Hermes, Inc. will post 5.1 earnings per share for the current year.

Federated Hermes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a dividend of $0.38 per share. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, May 8th. Federated Hermes’s payout ratio is currently 29.46%.

Insider Activity

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 8,950 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $57.34, for a total transaction of $513,193.00. Following the completion of the sale, the chief executive officer directly owned 151,276 shares in the company, valued at $8,674,165.84. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Bryan M. Burke sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.20, for a total value of $216,800.00. Following the sale, the vice president owned 74,921 shares of the company’s stock, valued at $4,060,718.20. This represents a 5.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.20% of the company’s stock.

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.