Pacer Advisors Inc. raised its holding in Federated Hermes by 363.2% during the third quarter, purchasing an additional 13,678 shares to bring its total to 17,444 shares. At quarter end, that position was valued at approximately $906,000, marking a substantial increase in conviction from one of the firm’s key asset managers.

Several other institutional investors also adjusted their positions during the period. Diversified Trust Co. increased its stake by 2.6% to 9,036 shares (worth about $400,000), GAMMA Investing LLC added 10.6% more shares to reach 2,524 shares ($131,000), and Northwestern Mutual Wealth Management Co. lifted holdings by 22.7% to 1,551 shares ($63,000). Exchange Traded Concepts LLC and RHS Financial LLC grew their positions by 1.9% and 4.8%, respectively. In aggregate, institutional investors now control 75.94% of Federated Hermes’ outstanding shares.

Insiders have trimmed positions modestly over the last quarter. Richard A. Novak sold 1,249 shares—reducing his stake by 2.13%—and Vice President Dolores D. Dudiak disposed of 999 shares, a 1.12% reduction. In total, insiders have sold 21,709 shares valued at roughly $1.05 million in the past three months. Even after these sales, corporate insiders retain 3.80% ownership of the company.

Federated Hermes reported third-quarter earnings of $1.34 per share, surpassing consensus by $0.23, on revenue of $469.45 million—up 14.9% year-over-year. The firm delivered a return on equity of 33.03% and a net margin of 21.86%. Analysts have issued three Buy ratings and six Hold ratings, with an average target of $49.67 and a consensus rating of Hold. The company also declared a quarterly dividend of $0.34 per share (28.4% payout ratio), and maintains strong liquidity with a current ratio of 3.13 and a quick ratio of 2.58.