Inceptionr LLC Has $905,000 Holdings in Federated Hermes, Inc. (NYSE:FHI)

Inceptionr LLC lifted its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 204.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and 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 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FHI. State of Alaska Department of Revenue boosted its stake in shares of Federated Hermes by 3.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company's stock worth $336,000 after acquiring an additional 275 shares in the last quarter. Amalgamated Bank raised its stake in shares of Federated Hermes by 1.0% in the 4th quarter. Amalgamated Bank now owns 32,614 shares of the company's stock valued at $1,341,000 after acquiring an additional 313 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Federated Hermes by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company's stock worth $612,000 after purchasing an additional 340 shares during the last quarter. MBM Wealth Consultants LLC boosted its position in Federated Hermes by 6.8% during the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock worth $306,000 after purchasing an additional 474 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Federated Hermes by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 22,240 shares of the company's stock valued at $914,000 after purchasing an additional 560 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

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Federated Hermes Stock Performance

FHI traded down $0.14 during trading on Monday, reaching $38.71. 1,221,116 shares of the company's stock were exchanged, compared to its average volume of 743,771. The company has a market capitalization of $3.15 billion, a P/E ratio of 12.13, a PEG ratio of 1.00 and a beta of 1.10. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $38.91 and a 200 day moving average price of $38.83. Federated Hermes, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. As a group, analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.20%. Federated Hermes's dividend payout ratio is 38.87%.

Analyst Ratings Changes

FHI has been the topic of a number of research analyst reports. UBS Group raised their target price on shares of Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. Evercore ISI set a $44.00 price objective on Federated Hermes in a research report on Monday, February 3rd. Royal Bank of Canada decreased their target price on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 28th. Finally, StockNews.com raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $42.17.

Insider Transactions at Federated Hermes

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

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.