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

Radnor Capital Management LLC purchased a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 46,090 shares of the company's stock, valued at approximately $1,695,000. Radnor Capital Management LLC owned approximately 0.06% of Federated Hermes as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in Federated Hermes by 267.9% in the 2nd quarter. SG Americas Securities LLC now owns 26,820 shares of the company's stock valued at $882,000 after buying an additional 19,530 shares in the last quarter. Tidal Investments LLC purchased a new stake in Federated Hermes in the 1st quarter valued at $1,419,000. Ontario Teachers Pension Plan Board grew its holdings in Federated Hermes by 103.0% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 58,726 shares of the company's stock valued at $2,121,000 after buying an additional 29,793 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Federated Hermes in the 1st quarter valued at $1,542,000. Finally, Assenagon Asset Management S.A. grew its holdings in Federated Hermes by 39.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company's stock valued at $37,555,000 after buying an additional 324,958 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Stock Up 3.5 %

Shares of FHI traded up $1.43 during midday trading on Wednesday, hitting $41.87. The company had a trading volume of 845,821 shares, compared to its average volume of 719,957. The company's 50-day simple moving average is $36.71 and its 200-day simple moving average is $34.42. 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 $3.43 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.17 and a beta of 1.15. Federated Hermes, Inc. has a 1 year low of $31.08 and a 1 year high of $42.56.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analysts' expectations of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. As a group, sell-side analysts expect that Federated Hermes, Inc. will post 3.83 EPS for the current year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, November 8th. Federated Hermes's payout ratio is currently 39.87%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on Federated Hermes from $36.00 to $39.00 and gave the stock a "sector perform" rating in a report on Monday, October 28th. StockNews.com raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on Federated Hermes from $46.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, July 11th. UBS Group raised their price objective on Federated Hermes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Finally, TD Cowen raised Federated Hermes from a "hold" rating to a "buy" rating and lifted their target price for the company from $35.00 to $46.00 in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.00.

Insider Activity

In other news, VP Dolores D. Dudiak sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the transaction, the vice president now owns 77,288 shares of the company's stock, valued at approximately $3,083,018.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $39.86, for a total transaction of $484,378.72. Following the transaction, the chief executive officer now owns 179,096 shares of the company's stock, valued at $7,138,766.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Dolores D. Dudiak sold 5,000 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the transaction, the vice president now directly owns 77,288 shares in the company, valued at $3,083,018.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

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.