Federated Hermes, Inc. (NYSE:FHI) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC cut its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,840 shares of the company’s stock after selling 3,250 shares during the quarter. Radnor Capital Management LLC owned 0.05% of Federated Hermes worth $1,761,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FHI. GAMMA Investing LLC boosted its holdings in shares of Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after buying an additional 349 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Federated Hermes in the 3rd quarter valued at approximately $60,000. Headlands Technologies LLC boosted its stake in Federated Hermes by 134.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,945 shares of the company’s stock worth $64,000 after purchasing an additional 1,117 shares during the period. CWM LLC grew its position in Federated Hermes by 74.7% during the 3rd quarter. CWM LLC now owns 2,523 shares of the company’s stock worth $93,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Federated Hermes by 23.3% during the 2nd quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock valued at $111,000 after purchasing an additional 643 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. UBS Group raised their price objective on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI upped their target price on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. restated a “neutral” rating and set a $42.00 price target (down from $49.00) on shares of Federated Hermes in a report on Tuesday, January 7th. Finally, Royal Bank of Canada increased their price objective on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.17.

Federated Hermes Stock Performance

Shares of FHI opened at $38.14 on Wednesday. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 1.19 and a beta of 1.16. The company’s fifty day moving average is $41.51 and its 200-day moving average is $37.49. The company has a quick ratio of 2.03, a current ratio of 2.75 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.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The company had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. During the same period last year, the company earned $0.86 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that Federated Hermes, Inc. will post 3.88 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 3.25%. Federated Hermes’s dividend payout ratio (DPR) is currently 39.87%.

Insiders Place Their Bets

In related news, VP Paul A. Uhlman sold 6,311 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total transaction of $261,212.29. Following the completion of the sale, the vice president now owns 310,767 shares in the company, valued at $12,862,646.13. This represents a 1.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Dolores D. Dudiak sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the sale, the vice president now directly owns 77,288 shares in the company, valued at $3,083,018.32. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,280 shares of company stock valued at $1,185,871 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

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.