119,658 Shares in Federated Hermes, Inc. (NYSE:FHI) Purchased by Burney Co.

Burney Co. acquired a new position in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 119,658 shares of the company's stock, valued at approximately $4,878,000. Burney Co. owned 0.15% of Federated Hermes at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its position in Federated Hermes by 246.6% during the 1st quarter. Farther Finance Advisors LLC now owns 863 shares of the company's stock worth $35,000 after purchasing an additional 614 shares in the last quarter. Quarry LP acquired a new stake in Federated Hermes during the 4th quarter worth approximately $37,000. C M Bidwell & Associates Ltd. acquired a new stake in Federated Hermes during the 4th quarter worth approximately $73,000. UMB Bank n.a. increased its position in Federated Hermes by 55.1% during the 1st quarter. UMB Bank n.a. now owns 2,065 shares of the company's stock worth $84,000 after purchasing an additional 734 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Federated Hermes during the 4th quarter worth approximately $90,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Federated Hermes

In related news, VP Paul A. Uhlman sold 6,057 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $42.14, for a total transaction of $255,241.98. Following the transaction, the vice president directly owned 316,930 shares in the company, valued at $13,355,430.20. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FHI has been the subject of several recent research reports. Evercore ISI increased their price objective on shares of Federated Hermes from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the company an "underweight" rating in a research report on Wednesday, July 9th. TD Cowen downgraded shares of Federated Hermes from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Wall Street Zen raised shares of Federated Hermes from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Royal Bank Of Canada increased their price objective on shares of Federated Hermes from $43.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Federated Hermes currently has an average rating of "Hold" and an average target price of $42.50.

Federated Hermes Stock Up 0.9%

Shares of FHI stock traded up $0.43 during mid-day trading on Friday, reaching $49.27. 639,559 shares of the company were exchanged, compared to its average volume of 478,863. Federated Hermes, Inc. has a fifty-two week low of $31.94 and a fifty-two week high of $49.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.35 and a current ratio of 3.04. The company has a market capitalization of $3.90 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.91 and a beta of 0.78. The business's 50 day simple moving average is $44.13 and its 200 day simple moving average is $40.89.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.19. Federated Hermes had a return on equity of 32.17% and a net margin of 17.74%. The firm had revenue of $423.54 million for the quarter, compared to analysts' expectations of $425.43 million. During the same period last year, the business posted $0.89 earnings per share. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current year.

About Federated Hermes

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.