Inspire Investing LLC Acquires New Stake in Federated Hermes, Inc. (NYSE:FHI)

Inspire Investing LLC acquired a new stake in shares of Federated Hermes, Inc. (NYSE:FHI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 20,158 shares of the company’s stock, valued at approximately $829,000.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC increased its stake in shares of Federated Hermes by 2.5% during the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock valued at $208,351,000 after acquiring an additional 137,245 shares during the period. AQR Capital Management LLC increased its stake in shares of Federated Hermes by 88.3% during the second quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock valued at $87,866,000 after acquiring an additional 1,261,097 shares during the period. Geode Capital Management LLC increased its stake in shares of Federated Hermes by 8.0% during the third quarter. Geode Capital Management LLC now owns 1,250,182 shares of the company’s stock valued at $45,982,000 after acquiring an additional 92,643 shares during the period. Millennium Management LLC increased its stake in shares of Federated Hermes by 1.1% during the second quarter. Millennium Management LLC now owns 969,844 shares of the company’s stock valued at $31,888,000 after acquiring an additional 10,552 shares during the period. Finally, Two Sigma Advisers LP grew its position in Federated Hermes by 13.1% in the third quarter. Two Sigma Advisers LP now owns 787,400 shares of the company’s stock worth $28,953,000 after buying an additional 90,900 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Trading Up 2.0 %

Federated Hermes stock opened at $38.65 on Friday. The company has a 50 day moving average price of $41.00 and a 200 day moving average price of $37.69. Federated Hermes, Inc. has a 52 week low of $31.24 and a 52 week high of $43.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 1.39 and a beta of 1.16.

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

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction 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 completion of the sale, the vice president now owns 77,288 shares of the company’s stock, valued at $3,083,018.32. This trade represents a 6.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction 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 sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $7,138,766.56. This trade represents a 6.35 % 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 in the last quarter. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on FHI. JPMorgan Chase & Co. restated a “neutral” rating and issued a $42.00 price target (down previously from $49.00) on shares of Federated Hermes in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. UBS Group lifted 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. Royal Bank of Canada lifted their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Finally, TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.17.

Federated Hermes 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.