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

Key Points

• Shepherd Wealth Management acquired 25,839 shares of Federated Hermes, valued at approximately $1.43 million, making FHI its 14th-largest holding and about 0.5% of its portfolio. Institutional investors collectively own 75.94% of the company.
• Federated Hermes exceeded quarterly expectations, reporting $1.38 in EPS versus the $1.19 consensus and revenue of $502.78 million, up 18.3% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with a $57.40 price target, while FHI recently traded at $62.49. The company also pays a $0.38 quarterly dividend, equivalent to a 2.4% annual yield.

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Federated Hermes, Inc. (NYSE:FHI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,839 shares of the company's stock, valued at approximately $1,427,000. Federated Hermes makes up approximately 0.5% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's investment portfolio, making the stock its 14th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC boosted its position in shares of Federated Hermes by 71.0% in the 1st quarter. Root Financial Partners LLC now owns 571 shares of the company's stock worth $32,000 after purchasing an additional 237 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Federated Hermes by 119.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 736 shares of the company's stock worth $38,000 after buying an additional 401 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Federated Hermes by 145.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 848 shares of the company's stock worth $44,000 after purchasing an additional 503 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Federated Hermes by 220.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 863 shares of the company's stock valued at $45,000 after buying an additional 594 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position 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 valued at $52,000 after acquiring an additional 194 shares during the period. Institutional investors own 75.94% of the company's stock.

Wall Street Analyst Weigh In

FHI has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Federated Hermes from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Weiss Ratings upgraded Federated Hermes from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday, August 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $58.00 price target on shares of Federated Hermes in a report on Monday, August 3rd. Zacks Research upgraded Federated Hermes from a "hold" rating to a "strong-buy" rating in a report on Friday, August 21st. Finally, Evercore restated an "outperform" rating and set a $65.00 price objective on shares of Federated Hermes in a research report on Monday, August 10th. Two 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $57.40.

Federated Hermes Price Performance

Shares of NYSE FHI opened at $62.49 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.89 and a current ratio of 2.59. Federated Hermes, Inc. has a fifty-two week low of $46.66 and a fifty-two week high of $67.20. The firm has a market capitalization of $4.67 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. The stock's 50-day simple moving average is $60.90 and its 200-day simple moving average is $58.06.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.19. The firm 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%.The firm's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 earnings per share. As a group, equities research analysts forecast that Federated Hermes, Inc. will post 5.5 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a yield of 2.4%. Federated Hermes's payout ratio is 28.25%.

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.

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