Shepherd Wealth Management buys new stake in Federated Hermes (FHI)
Shepherd Wealth Management bought 25,839 shares of Federated Hermes valued at about $1.43M, while CIBC Private Wealth Group increased its position by 401 shares. Institutional investors hold 75.94% of the stock. Zacks upgraded FHI to strong-buy and Evercore reiterated an outperform rating with a $65 price objective. Investors of record received a $0.38 dividend.