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

Inspire Investing LLC decreased its position in shares of Federated Hermes, Inc. (NYSE:FHI) by 24.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 49,764 shares of the company’s stock after selling 16,529 shares during the period. Inspire Investing LLC’s holdings in Federated Hermes were worth $2,822,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in Federated Hermes by 1.7% in the 4th quarter. AQR Capital Management LLC now owns 3,036,239 shares of the company’s stock valued at $158,097,000 after buying an additional 50,067 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Federated Hermes by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,032,060 shares of the company’s stock worth $157,879,000 after acquiring an additional 12,348 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Federated Hermes by 29.6% in the third quarter. Invesco Ltd. now owns 2,939,908 shares of the company’s stock worth $152,669,000 after acquiring an additional 670,643 shares in the last quarter. LSV Asset Management lifted its stake in shares of Federated Hermes by 20.4% in the fourth quarter. LSV Asset Management now owns 2,890,276 shares of the company’s stock worth $150,497,000 after acquiring an additional 489,275 shares in the last quarter. Finally, Schneider Downs Wealth Management Advisors LP boosted its holdings in Federated Hermes by 3,229.0% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 2,657,263 shares of the company’s stock valued at $137,992,000 after purchasing an additional 2,577,442 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Trading Down 2.0%

Shares of NYSE FHI opened at $56.41 on Tuesday. The company has a quick ratio of 2.73, a current ratio of 3.28 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $56.54 and its two-hundred day moving average price is $55.38. Federated Hermes, Inc. has a 52-week low of $44.02 and a 52-week high of $60.17. The stock has a market capitalization of $4.28 billion, a P/E ratio of 10.93, a PEG ratio of 2.05 and a beta of 0.65.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, April 30th. The company reported $1.27 EPS 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 company had revenue of $478.96 million during the quarter, compared to analyst estimates of $475.22 million. During the same quarter last year, the firm earned $1.25 EPS. The business’s revenue was up 13.1% on a year-over-year basis. On average, analysts anticipate that Federated Hermes, Inc. will post 5.12 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were issued a $0.38 dividend. This is a boost from Federated Hermes’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. Federated Hermes’s dividend payout ratio is presently 29.46%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FHI shares. Wall Street Zen lowered Federated Hermes from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Evercore restated an “outperform” rating and issued a $59.00 price target on shares of Federated Hermes in a research note on Monday, June 8th. Royal Bank Of Canada cut their price target on shares of Federated Hermes from $56.00 to $54.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Federated Hermes in a research note on Tuesday, April 21st. Finally, TD Cowen decreased their price objective on shares of Federated Hermes from $58.00 to $54.00 and set a “hold” rating for the company in a report on Monday, May 4th. Two investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.00.

Federated Hermes Profile

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.