Burney Co. Has $7.02 Million Holdings in Federated Hermes, Inc. $FHI

Burney Co. grew its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 11.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,132 shares of the company’s stock after purchasing an additional 14,253 shares during the quarter. Burney Co.’s holdings in Federated Hermes were worth $7,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Diversified Trust Co raised its holdings in Federated Hermes by 2.6% in the 2nd quarter. Diversified Trust Co now owns 9,036 shares of the company’s stock worth $400,000 after acquiring an additional 229 shares during the period. GAMMA Investing LLC grew its position in shares of Federated Hermes by 10.6% in the third quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock valued at $131,000 after purchasing an additional 241 shares during the last quarter. CW Advisors LLC increased its stake in shares of Federated Hermes by 3.8% in the first quarter. CW Advisors LLC now owns 7,168 shares of the company’s stock worth $292,000 after purchasing an additional 261 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Federated Hermes by 22.7% during the 1st 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, Gamco Investors INC. ET AL grew its holdings in Federated Hermes by 0.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 92,400 shares of the company’s stock valued at $3,767,000 after buying an additional 300 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. TD Cowen increased their price target on shares of Federated Hermes from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Evercore ISI increased their target price 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. Wall Street Zen lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. JPMorgan Chase & Co. upped their price target on Federated Hermes from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, Zacks Research downgraded Federated Hermes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Federated Hermes presently has an average rating of “Hold” and an average price target of $49.67.

Insider Transactions at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 15,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $48.54, for a total value of $728,100.00. Following the transaction, the chief executive officer owned 157,039 shares of the company’s stock, valued at approximately $7,622,673.06. This represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $59,764.65. Following the completion of the sale, the insider owned 57,500 shares in the company, valued at $2,751,375. This represents a 2.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,709 shares of company stock worth $1,049,146 in the last three months. Insiders own 3.80% of the company’s stock.

Federated Hermes Trading Down 0.4%

FHI stock opened at $54.13 on Friday. The business has a fifty day moving average price of $50.41 and a 200 day moving average price of $49.88. Federated Hermes, Inc. has a fifty-two week low of $35.05 and a fifty-two week high of $54.48. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 0.58 and a beta of 0.76. 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 (NYSE:FHI) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.23. Federated Hermes had a net margin of 21.86% and a return on equity of 33.03%. The firm had revenue of $469.45 million during the quarter, compared to analysts’ expectations of $442.67 million. During the same quarter last year, the company posted $1.06 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Analysts expect that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, November 7th. Federated Hermes’s dividend payout ratio (DPR) is currently 28.39%.

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.