Inspire Investing LLC Acquires New Stake in Federated Hermes, Inc. $FHI

Key Points

• Inspire Investing LLC acquired a new stake in Federated Hermes, Inc. (NYSE:FHI) worth approximately $895,000, with a total of 20,202 shares purchased in the second quarter.
• Major institutional investors, including Vanguard Group Inc. and Charles Schwab Investment Management Inc., have significantly increased their holdings in Federated Hermes during the first quarter, with institutional ownership now at 75.94%.
• Federated Hermes reported $1.16 EPS for its last quarterly earnings, exceeding analysts' expectations, and it declared a quarterly dividend of $0.34, providing a 2.7% yield to investors.

Inspire Investing LLC acquired a new stake in Federated Hermes, Inc. (NYSE:FHI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,202 shares of the company's stock, valued at approximately $895,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Federated Hermes by 3.1% in the first quarter. Vanguard Group Inc. now owns 8,760,811 shares of the company's stock valued at $357,178,000 after purchasing an additional 265,590 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Federated Hermes by 249.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,199,554 shares of the company's stock valued at $130,446,000 after purchasing an additional 2,284,509 shares during the period. Invesco Ltd. increased its holdings in Federated Hermes by 6.2% in the first quarter. Invesco Ltd. now owns 2,367,754 shares of the company's stock valued at $96,533,000 after purchasing an additional 137,248 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Federated Hermes by 0.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,904,596 shares of the company's stock valued at $77,650,000 after acquiring an additional 16,333 shares during the last quarter. Finally, LSV Asset Management boosted its position in Federated Hermes by 27.1% during the first quarter. LSV Asset Management now owns 1,107,089 shares of the company's stock valued at $45,136,000 after acquiring an additional 236,313 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on FHI shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Federated Hermes in a research report on Wednesday. Royal Bank Of Canada upped their price target on shares of Federated Hermes from $45.00 to $51.00 and gave the company a "sector perform" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upped their price target on shares of Federated Hermes from $54.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, October 7th. Wall Street Zen cut shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Zacks Research cut shares of Federated Hermes from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 12th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $48.33.

Federated Hermes Price Performance

FHI stock opened at $50.96 on Friday. The stock has a market capitalization of $3.95 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.68 and a beta of 0.80. The company's 50-day moving average is $52.52 and its 200-day moving average is $46.02. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.37 and a quick ratio of 2.32. Federated Hermes, Inc. has a 1 year low of $35.05 and a 1 year high of $54.42.

Federated Hermes (NYSE:FHI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.17. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The company had revenue of $424.84 million for the quarter, compared to analysts' expectations of $424.83 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The business's revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.36 annualized dividend and a yield of 2.7%. Federated Hermes's dividend payout ratio (DPR) is presently 30.16%.

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.

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