Radnor Capital Management LLC Has $1.76 Million Stake in Federated Hermes, Inc. (NYSE:FHI)

Radnor Capital Management LLC decreased its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 7.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 42,840 shares of the company’s stock after selling 3,250 shares during the quarter. Radnor Capital Management LLC’s holdings in Federated Hermes were worth $1,761,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in FHI. Fortis Advisors LLC acquired a new stake in Federated Hermes during the fourth quarter worth about $727,000. GAMMA Investing LLC lifted its position in shares of Federated Hermes by 60.9% in the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after acquiring an additional 646 shares during the period. DGS Capital Management LLC grew its holdings in shares of Federated Hermes by 4.7% during the 3rd quarter. DGS Capital Management LLC now owns 20,715 shares of the company’s stock worth $762,000 after purchasing an additional 931 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Federated Hermes during the third quarter valued at approximately $113,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Federated Hermes in the third quarter valued at $475,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FHI. JPMorgan Chase & Co. restated a “neutral” rating and issued a $42.00 price objective (down previously from $49.00) on shares of Federated Hermes in a research note on Tuesday, January 7th. UBS Group increased their price target on shares of 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 raised their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.17.

Insider Buying and Selling

In other news, VP Dolores D. Dudiak sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the sale, the vice president now directly owns 77,288 shares of the company’s stock, valued at $3,083,018.32. This represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. This represents a 6.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,280 shares of company stock worth $1,185,871 in the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Federated Hermes Stock Performance

NYSE FHI opened at $38.14 on Wednesday. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92. The company has a 50 day moving average of $41.51 and a 200-day moving average of $37.49. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.19 and a beta of 1.16.

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

Federated Hermes Dividend Announcement

The firm also recently declared 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 of this dividend was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.25%. Federated Hermes’s dividend payout ratio is 39.87%.

Federated Hermes Company 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.