Inspire Investing LLC Trims Position in Federated Hermes, Inc. $FHI

Inspire Investing LLC decreased its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 24.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,764 shares of the company’s stock after selling 16,529 shares during the quarter. Inspire Investing LLC owned about 0.07% of Federated Hermes worth $2,822,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FHI. Rockefeller Capital Management L.P. lifted its position in Federated Hermes by 24.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock worth $52,000 after buying an additional 194 shares during the period. GAMMA Investing LLC increased its stake in shares of Federated Hermes by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 2,734 shares of the company’s stock valued at $142,000 after acquiring an additional 210 shares during the last quarter. MAI Capital Management increased its stake in shares of Federated Hermes by 86.7% during the 3rd quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $25,000 after acquiring an additional 221 shares during the last quarter. RiverFront Investment Group LLC lifted its holdings in shares of Federated Hermes by 4.7% during the 4th quarter. RiverFront Investment Group LLC now owns 5,744 shares of the company’s stock worth $299,000 after acquiring an additional 256 shares during the period. Finally, Advyzon Investment Management LLC boosted its position in shares of Federated Hermes by 6.0% in the fourth quarter. Advyzon Investment Management LLC now owns 4,594 shares of the company’s stock worth $239,000 after acquiring an additional 259 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Trading Down 2.0%

Shares of FHI stock opened at $56.41 on Tuesday. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 2.05 and a beta of 0.65. The company has a quick ratio of 2.73, a current ratio of 3.28 and a debt-to-equity ratio of 0.29. Federated Hermes, Inc. has a fifty-two week low of $44.02 and a fifty-two week high of $60.17. The firm’s 50 day moving average price is $56.54 and its two-hundred day moving average price is $55.38.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.07. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The company had revenue of $478.96 million during the quarter, compared to analyst estimates of $475.22 million. During the same quarter in the prior year, the business earned $1.25 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, analysts anticipate that Federated Hermes, Inc. will post 5.12 EPS for the current year.

Federated Hermes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a $0.38 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.52 annualized dividend and a yield of 2.7%. This is an increase from Federated Hermes’s previous quarterly dividend of $0.34. Federated Hermes’s payout ratio is currently 29.46%.

Insider Activity

In other 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 value of $513,193.00. Following the completion of the sale, the chief executive officer owned 151,276 shares of the company’s stock, valued at $8,674,165.84. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bryan M. Burke sold 4,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.20, for a total value of $216,800.00. Following the completion of the sale, the vice president owned 74,921 shares of the company’s stock, valued at approximately $4,060,718.20. This trade represents a 5.07% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FHI. Evercore restated an “outperform” rating and issued a $59.00 target price on shares of Federated Hermes in a report on Monday, June 8th. JPMorgan Chase & Co. cut their price target on shares of Federated Hermes from $56.00 to $53.00 and set an “underweight” rating on the stock in a research note on Monday, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research note on Tuesday, April 21st. Royal Bank Of Canada dropped their price objective on Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, TD Cowen cut their target price 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. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.