SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Purchases New Stake in Federated Hermes, Inc. $FHI

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in shares of Federated Hermes, Inc. (NYSE:FHI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,839 shares of the company’s stock, valued at approximately $1,427,000. Federated Hermes accounts for approximately 0.5% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s investment portfolio, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Root Financial Partners LLC boosted its holdings in Federated Hermes by 71.0% during the first quarter. Root Financial Partners LLC now owns 571 shares of the company’s stock worth $32,000 after buying an additional 237 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Federated Hermes by 119.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company’s stock valued at $38,000 after acquiring an additional 401 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Federated Hermes by 145.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 848 shares of the company’s stock valued at $44,000 after acquiring an additional 503 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Federated Hermes by 220.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 863 shares of the company’s stock worth $45,000 after acquiring an additional 594 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Federated Hermes by 24.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 996 shares of the company’s stock worth $52,000 after acquiring an additional 194 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Federated Hermes Price Performance

NYSE:FHI opened at $62.49 on Monday. Federated Hermes, Inc. has a 12-month low of $46.66 and a 12-month high of $67.20. The company’s 50-day moving average is $60.90 and its two-hundred day moving average is $58.06. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.28.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.19. The company had revenue of $502.78 million during the quarter, compared to the consensus estimate of $488.34 million. Federated Hermes had a return on equity of 34.03% and a net margin of 21.30%.Federated Hermes’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. Research analysts expect that Federated Hermes, Inc. will post 5.5 EPS for the current year.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were given a $0.38 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.52 annualized dividend and a dividend yield of 2.4%. Federated Hermes’s dividend payout ratio (DPR) is presently 28.25%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FHI. Evercore reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Federated Hermes in a research note on Monday, August 10th. Wall Street Zen downgraded Federated Hermes from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Weiss Ratings raised Federated Hermes from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, August 17th. Royal Bank Of Canada lifted their price target on Federated Hermes from $54.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 2nd. Finally, Zacks Research raised shares of Federated Hermes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.40.

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.