Pacer Advisors Inc. more than quadrupled its stake in Federated Hermes during the third quarter, acquiring an additional 13,678 shares to bring its total holding to 17,444 shares. According to the firm’s latest Form 13F filing, this 363.2% increase elevated Pacer’s position’s value to approximately $906,000 by quarter end. Other institutional investors also expanded their exposure: Diversified Trust Co. added 229 shares to reach 9,036 shares, GAMMA Investing LLC purchased 241 shares to hold 2,524 shares, Northwestern Mutual Wealth Management Co. increased its position by 287 shares to 1,551 shares, Exchange Traded Concepts LLC bought 396 shares to total 20,712 shares, and RHS Financial LLC added 423 shares for a 9,321-share stake. Collectively, institutional ownership now represents 75.94% of the company’s shares outstanding.

Two senior executives reduced their holdings in mid-November. Chief Executive Officer Richard A. Novak sold 1,249 shares at an average price of $47.85 per share, realizing proceeds of $59,764.65 and reducing his stake to 57,500 shares (a 2.13% decrease). Vice President Dolores D. Dudiak offloaded 999 shares at an average of $47.87, generating $47,822.13 and lowering her position to 88,223 shares (a 1.12% reduction). Over the past three months, insiders have collectively sold 21,709 shares valued at roughly $1.05 million, leaving corporate insiders with a 3.80% ownership stake.

Federated Hermes’ consensus analyst sentiment remains mixed, with three ‘buy’ recommendations and six ‘hold’ ratings yielding an average target price of $49.67. Notable rating changes include TD Cowen raising its target from $51.00 to $53.00 while maintaining a ‘buy’ view, and Zacks Research downgrading its stance from ‘strong-buy’ to ‘hold.’ In its latest quarterly report, the firm posted earnings per share of $1.34, topping consensus estimates by $0.23, on revenue of $469.45 million—14.9% higher than the year-ago period. The company delivered a 33.03% return on equity and a net margin of 21.86%. Management also declared a quarterly dividend of $0.34 per share, translating to a 2.6% annualized yield and a payout ratio of 28.39%.