Inceptionr LLC Increases Stock Holdings in Federated Hermes, Inc. (NYSE:FHI)

Inceptionr LLC raised its stake in Federated Hermes, Inc. (NYSE:FHI) by 204.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,026 shares of the company’s stock after purchasing an additional 14,800 shares during the period. Inceptionr LLC’s holdings in Federated Hermes were worth $905,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $43,000. Sound Income Strategies LLC acquired a new stake in shares of Federated Hermes in the fourth quarter valued at approximately $53,000. Neo Ivy Capital Management acquired a new stake in shares of Federated Hermes in the third quarter valued at approximately $60,000. GAMMA Investing LLC boosted its holdings in shares of Federated Hermes by 60.9% in the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock valued at $70,000 after acquiring an additional 646 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Federated Hermes by 112.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company’s stock valued at $109,000 after acquiring an additional 1,400 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada decreased their price objective on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. StockNews.com raised Federated Hermes from a “buy” rating to a “strong-buy” rating in a report on Monday. Evercore ISI set a $44.00 price target on Federated Hermes in a report on Monday, February 3rd. Finally, UBS Group increased their price target on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $42.17.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $38.96 on Friday. The stock has a fifty day moving average price of $38.96 and a 200 day moving average price of $38.72. The company has a market cap of $3.19 billion, a PE ratio of 12.21, a P/E/G ratio of 1.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. Sell-side analysts forecast that Federated Hermes, Inc. will post 4.04 EPS for the current year.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Friday, February 7th. Federated Hermes’s payout ratio is 38.87%.

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.