Radnor Capital Management LLC Takes $1.70 Million Position in Federated Hermes, Inc. (NYSE:FHI)

Radnor Capital Management LLC acquired a new stake in Federated Hermes, Inc. (NYSE:FHI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 46,090 shares of the company’s stock, valued at approximately $1,695,000. Radnor Capital Management LLC owned 0.06% of Federated Hermes at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Federated Hermes by 267.9% in the second quarter. SG Americas Securities LLC now owns 26,820 shares of the company’s stock valued at $882,000 after acquiring an additional 19,530 shares during the period. Tidal Investments LLC bought a new stake in shares of Federated Hermes in the first quarter valued at approximately $1,419,000. Ontario Teachers Pension Plan Board boosted its position in shares of Federated Hermes by 103.0% in the first quarter. Ontario Teachers Pension Plan Board now owns 58,726 shares of the company’s stock valued at $2,121,000 after acquiring an additional 29,793 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Federated Hermes in the first quarter valued at approximately $1,542,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Federated Hermes by 39.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock valued at $37,555,000 after acquiring an additional 324,958 shares during the period. 75.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on FHI. Royal Bank of Canada upped their target price on Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. StockNews.com upgraded Federated Hermes from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Finally, Evercore ISI upped their target price on Federated Hermes from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.00.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $39.86, for a total transaction of $484,378.72. Following the sale, the chief executive officer now owns 179,096 shares of the company’s stock, valued at $7,138,766.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the sale, the chief executive officer now owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes 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 approximately $3,083,018.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Federated Hermes Stock Performance

Federated Hermes stock opened at $40.43 on Wednesday. Federated Hermes, Inc. has a 52-week low of $31.08 and a 52-week high of $40.65. The firm has a market capitalization of $3.31 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03. The stock has a fifty day moving average price of $36.71 and a two-hundred day moving average price of $34.42.

Federated Hermes (NYSE:FHI) last announced its 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. The company had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. As a group, analysts anticipate that Federated Hermes, Inc. will post 3.83 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Friday, November 8th. Federated Hermes’s dividend payout ratio (DPR) is currently 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.