Radnor Capital Management LLC Lowers Holdings in Federated Hermes, Inc. (NYSE:FHI)

Radnor Capital Management LLC trimmed its holdings in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 35.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,780 shares of the company's stock after selling 15,060 shares during the quarter. Radnor Capital Management LLC's holdings in Federated Hermes were worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Quarry LP acquired a new stake in Federated Hermes in the fourth quarter worth about $37,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Federated Hermes during the 4th quarter worth approximately $73,000. Lazard Asset Management LLC bought a new stake in shares of Federated Hermes during the 4th quarter worth approximately $90,000. Jones Financial Companies Lllp raised its stake in shares of Federated Hermes by 112.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,646 shares of the company's stock worth $109,000 after purchasing an additional 1,400 shares in the last quarter. Finally, KBC Group NV raised its stake in Federated Hermes by 87.8% in the 4th quarter. KBC Group NV now owns 3,351 shares of the company's stock valued at $138,000 after acquiring an additional 1,567 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FHI shares. TD Cowen cut Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Wall Street Zen raised Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. Evercore ISI raised their price objective on Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, Royal Bank of Canada lifted their target price on Federated Hermes from $37.00 to $43.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Federated Hermes has a consensus rating of "Hold" and a consensus price target of $42.33.

Insider Buying and Selling

In related news, VP Paul A. Uhlman sold 6,057 shares of Federated Hermes stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $42.14, for a total value of $255,241.98. Following the completion of the transaction, the vice president now owns 316,930 shares in the company, valued at approximately $13,355,430.20. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.80% of the stock is owned by insiders.

Federated Hermes Trading Up 0.8%

FHI stock traded up $0.33 during trading on Friday, hitting $42.26. 723,955 shares of the company traded hands, compared to its average volume of 731,935. The company has a 50-day moving average of $40.38 and a 200-day moving average of $40.13. The firm has a market capitalization of $3.34 billion, a PE ratio of 13.25, a P/E/G ratio of 1.00 and a beta of 0.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. 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 announced its earnings results on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.19. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. The firm had revenue of $423.54 million during the quarter, compared to analyst estimates of $425.43 million. During the same quarter in the prior year, the company earned $0.89 EPS. The business's revenue was up 6.8% compared to the same quarter last year. Analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a $0.34 dividend. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Thursday, May 8th. Federated Hermes's dividend payout ratio (DPR) is 38.31%.

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.