Wipfli Financial Advisors LLC Acquires New Stake in Federated Hermes, Inc. (NYSE:FHI)

Wipfli Financial Advisors LLC acquired a new stake in Federated Hermes, Inc. (NYSE:FHIGet Rating) in the third quarter, Holdings Channel reports. The firm acquired 902 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its position in Federated Hermes by 3.7% during the first quarter. BlackRock Inc. now owns 13,001,719 shares of the company’s stock valued at $442,838,000 after acquiring an additional 466,504 shares during the last quarter. Vanguard Group Inc. boosted its position in Federated Hermes by 0.8% during the first quarter. Vanguard Group Inc. now owns 9,230,986 shares of the company’s stock valued at $314,407,000 after acquiring an additional 73,168 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in Federated Hermes by 2.0% during the second quarter. Burgundy Asset Management Ltd. now owns 2,387,839 shares of the company’s stock valued at $75,909,000 after acquiring an additional 46,635 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Federated Hermes by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,250,041 shares of the company’s stock valued at $76,638,000 after acquiring an additional 40,797 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Federated Hermes by 6.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,190,575 shares of the company’s stock valued at $74,611,000 after acquiring an additional 126,825 shares during the last quarter. 78.82% of the stock is currently owned by institutional investors and hedge funds.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $38.07 on Friday. Federated Hermes, Inc. has a fifty-two week low of $27.88 and a fifty-two week high of $39.29. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 13.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.90 and a current ratio of 2.64. The firm’s 50-day simple moving average is $37.06 and its 200 day simple moving average is $34.96.

Federated Hermes (NYSE:FHIGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.09. Federated Hermes had a net margin of 18.05% and a return on equity of 25.31%. The business had revenue of $381.14 million for the quarter, compared to analysts’ expectations of $373.91 million. As a group, research analysts anticipate that Federated Hermes, Inc. will post 2.87 earnings per share for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 8th were given a $0.27 dividend. The ex-dividend date was Monday, November 7th. This represents a $1.08 annualized dividend and a yield of 2.84%. Federated Hermes’s payout ratio is 39.42%.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 14,300 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $34.85, for a total value of $498,355.00. Following the completion of the sale, the chief executive officer now owns 243,497 shares in the company, valued at approximately $8,485,870.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Federated Hermes news, CFO Thomas R. Donahue sold 30,000 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $35.21, for a total value of $1,056,300.00. Following the completion of the sale, the chief financial officer now owns 544,630 shares in the company, valued at approximately $19,176,422.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Saker Anwar Nusseibeh sold 14,300 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $34.85, for a total transaction of $498,355.00. Following the completion of the sale, the chief executive officer now owns 243,497 shares of the company’s stock, valued at approximately $8,485,870.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,328 shares of company stock valued at $3,524,104. 5.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Federated Hermes from $42.00 to $44.00 in a research report on Wednesday, January 11th. Royal Bank of Canada increased their price objective on shares of Federated Hermes from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 1st. Finally, StockNews.com began coverage on shares of Federated Hermes in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.10.

Federated Hermes Company Profile

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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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Institutional Ownership by Quarter for Federated Hermes (NYSE:FHI)

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