Radnor Capital Management LLC Buys 1,365 Shares of Federated Hermes, Inc. $FHI

Radnor Capital Management LLC increased its stake in shares of Federated Hermes, Inc. (NYSE:FHI) by 4.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 29,145 shares of the company’s stock after acquiring an additional 1,365 shares during the quarter. Radnor Capital Management LLC’s holdings in Federated Hermes were worth $1,292,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FHI. Farther Finance Advisors LLC grew its stake in shares of Federated Hermes by 246.6% during the first quarter. Farther Finance Advisors LLC now owns 863 shares of the company’s stock valued at $35,000 after purchasing an additional 614 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Federated Hermes by 22.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,551 shares of the company’s stock valued at $63,000 after acquiring an additional 287 shares during the last quarter. Virtus Advisers LLC bought a new position in Federated Hermes in the first quarter valued at approximately $72,000. UMB Bank n.a. boosted its stake in Federated Hermes by 55.1% in the first quarter. UMB Bank n.a. now owns 2,065 shares of the company’s stock valued at $84,000 after acquiring an additional 734 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Federated Hermes in the fourth quarter valued at approximately $90,000. 75.94% of the stock is owned by institutional investors.

Federated Hermes Stock Down 0.3%

Shares of FHI stock opened at $52.62 on Wednesday. The company has a current ratio of 3.37, a quick ratio of 2.32 and a debt-to-equity ratio of 0.31. Federated Hermes, Inc. has a 1 year low of $35.05 and a 1 year high of $54.42. The firm’s fifty day moving average price is $50.99 and its two-hundred day moving average price is $44.42. The firm has a market capitalization of $4.08 billion, a P/E ratio of 11.67, a PEG ratio of 0.72 and a beta of 0.84.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.17. Federated Hermes had a net margin of 21.67% and a return on equity of 32.30%. The firm had revenue of $424.84 million for the quarter, compared to analyst estimates of $424.83 million. During the same period in the previous year, the business earned $0.96 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, August 8th. Federated Hermes’s payout ratio is presently 30.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Wall Street Zen cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Evercore ISI raised their price objective on shares of Federated Hermes from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. raised shares of Federated Hermes from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $40.00 to $54.00 in a research note on Monday, August 4th. Finally, Royal Bank Of Canada raised their price objective on shares of Federated Hermes from $45.00 to $51.00 and gave the company a “sector perform” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.17.

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.