Inspire Investing LLC Takes $829,000 Position in Federated Hermes, Inc. (NYSE:FHI)

Inspire Investing LLC bought a new stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,158 shares of the company's stock, valued at approximately $829,000.

Several other institutional investors and hedge funds have also made changes to their positions in FHI. State of Alaska Department of Revenue grew its stake in 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 buying an additional 275 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Federated Hermes by 2.1% during 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 period. GAMMA Investing LLC increased its stake in Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company's stock valued at $39,000 after purchasing an additional 349 shares during the period. MBM Wealth Consultants LLC increased its stake in Federated Hermes by 6.8% in the fourth quarter. MBM Wealth Consultants LLC now owns 7,479 shares of the company's stock valued at $306,000 after purchasing an additional 474 shares during the period. Finally, James Investment Research Inc. grew its holdings in shares of Federated Hermes by 9.7% during the third quarter. James Investment Research Inc. now owns 7,896 shares of the company's stock worth $290,000 after buying an additional 700 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on FHI shares. StockNews.com downgraded Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. UBS Group lifted their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on shares of Federated Hermes from $36.00 to $39.00 and gave the company a "sector perform" rating in a research report on Monday, October 28th. Finally, Evercore ISI boosted their target price on Federated Hermes from $41.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Federated Hermes has a consensus rating of "Hold" and an average target price of $42.17.

Insider Buying and Selling at Federated Hermes

In other news, insider Richard A. Novak sold 1,363 shares of Federated Hermes stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total transaction of $56,523.61. Following the completion of the sale, the insider now directly owns 53,837 shares in the company, valued at $2,232,620.39. The trade was a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company'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 transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at $7,138,766.56. The trade was a 6.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,280 shares of company stock worth $1,185,871. 3.70% of the stock is owned by corporate insiders.

Federated Hermes Price Performance

Shares of FHI stock traded up $0.77 during midday trading on Friday, reaching $38.65. 561,260 shares of the company traded hands, compared to its average volume of 512,143. The firm has a market cap of $3.16 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. 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 firm's 50 day simple moving average is $40.93 and its two-hundred day simple moving average is $37.73. Federated Hermes, Inc. has a 1-year low of $31.24 and a 1-year high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, topping 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 company had revenue of $408.46 million for the quarter, compared to the consensus estimate of $410.26 million. During the same period in the previous year, the business earned $0.86 earnings per share. Federated Hermes's quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that Federated Hermes, Inc. will post 3.88 EPS for the current fiscal year.

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.