Federated Hermes (NYSE:FHI) Stock Rating Lowered by StockNews.com

Federated Hermes (NYSE:FHI) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

FHI has been the subject of several other reports. Royal Bank of Canada boosted their price objective on shares of Federated Hermes from $36.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. Evercore ISI boosted their price target on Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 11th. UBS Group upped their target price on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $46.00 in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.33.

Federated Hermes Trading Up 0.6 %

Shares of NYSE FHI opened at $42.61 on Tuesday. The business’s 50 day moving average price is $38.82 and its 200-day moving average price is $35.26. Federated Hermes has a fifty-two week low of $31.08 and a fifty-two week high of $43.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.18 and a beta of 1.15.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.14. The business had revenue of $408.46 million during the quarter, compared to the consensus estimate of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.86 earnings per share. On average, sell-side analysts expect that Federated Hermes will post 3.88 earnings per share for the current year.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, insider Richard A. Novak sold 1,363 shares of Federated Hermes stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total value of $56,523.61. Following the transaction, the insider now directly owns 53,837 shares of the company’s stock, valued at approximately $2,232,620.39. The trade was a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the transaction, the vice president now directly owns 77,288 shares in the company, valued at approximately $3,083,018.32. The trade was a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,280 shares of company stock worth $1,185,871 over the last quarter. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Several institutional investors have recently added to or reduced their stakes in FHI. State of Alaska Department of Revenue raised its position in shares of Federated Hermes by 3.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock valued at $336,000 after purchasing an additional 275 shares during the last quarter. UMB Bank n.a. increased its stake in Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after purchasing an additional 296 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Federated Hermes by 2.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,638 shares of the company’s stock worth $612,000 after buying an additional 340 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Federated Hermes by 49.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after buying an additional 349 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of Federated Hermes by 23.3% during the second quarter. Acadian Asset Management LLC now owns 3,402 shares of the company’s stock valued at $111,000 after buying an additional 643 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.