Burney Co. Increases Stock Position in Federated Hermes, Inc. $FHI

Burney Co. increased its position in Federated Hermes, Inc. (NYSE:FHI) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 135,132 shares of the company’s stock after buying an additional 14,253 shares during the quarter. Burney Co. owned about 0.17% of Federated Hermes worth $7,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Paragon Capital Management Ltd purchased a new position in shares of Federated Hermes in the 2nd quarter valued at $218,000. Hsbc Holdings PLC increased its holdings in Federated Hermes by 104.5% in the 1st quarter. Hsbc Holdings PLC now owns 36,416 shares of the company’s stock valued at $1,479,000 after purchasing an additional 18,610 shares in the last quarter. Inspire Investing LLC acquired a new stake in Federated Hermes in the 2nd quarter valued at $895,000. Northwestern Mutual Wealth Management Co. raised its position 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 purchasing an additional 287 shares during the period. Finally, Marshall Financial Group LLC acquired a new position in shares of Federated Hermes during the second quarter worth about $1,012,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Zacks Research lowered Federated Hermes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Federated Hermes in a research note on Tuesday, November 4th. Wall Street Zen downgraded shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. Finally, Evercore ISI raised their price target on shares of Federated Hermes from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.67.

Federated Hermes Trading Down 0.4%

FHI opened at $54.13 on Friday. The stock has a market capitalization of $4.20 billion, a PE ratio of 11.30, a P/E/G ratio of 0.58 and a beta of 0.76. The firm’s fifty day moving average price is $50.41 and its 200 day moving average price is $49.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.13 and a quick ratio of 2.58. Federated Hermes, Inc. has a 12-month low of $35.05 and a 12-month high of $54.48.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, October 30th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.23. Federated Hermes had a return on equity of 33.03% and a net margin of 21.86%.The company had revenue of $469.45 million for the quarter, compared to the consensus estimate of $442.67 million. During the same quarter last year, the business posted $1.06 EPS. Federated Hermes’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, research analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, November 7th. Federated Hermes’s payout ratio is presently 28.39%.

Insiders Place Their Bets

In other news, insider Richard A. Novak sold 1,249 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $47.85, for a total value of $59,764.65. Following the completion of the transaction, the insider directly owned 57,500 shares in the company, valued at $2,751,375. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Saker Anwar Nusseibeh sold 15,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $48.54, for a total value of $728,100.00. Following the transaction, the chief executive officer directly owned 157,039 shares of the company’s stock, valued at approximately $7,622,673.06. The trade was a 8.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 21,709 shares of company stock worth $1,049,146. Insiders own 3.80% of the company’s stock.

About Federated Hermes

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.