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

Federated Hermes (NYSE:FHI) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

Other research analysts have also issued reports about the company. Royal Bank of Canada lifted their target price on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Evercore ISI lifted their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 11th. UBS Group lifted their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and increased their price objective for the company from $35.00 to $46.00 in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Federated Hermes Trading Down 2.1 %

Shares of NYSE:FHI opened at $41.28 on Monday. Federated Hermes has a twelve month low of $31.08 and a twelve month high of $42.56. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.38 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.17 and a beta of 1.15. The company has a 50 day moving average of $38.23 and a 200-day moving average of $35.00.

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 analysts’ consensus estimates of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm had revenue of $408.46 million during the quarter, compared to the consensus estimate of $410.26 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts anticipate that Federated Hermes will post 3.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Federated Hermes

In other news, VP Dolores D. Dudiak sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the sale, the vice president now directly owns 77,288 shares of the company’s stock, valued at $3,083,018.32. This represents a 6.08 % 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 this link. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at $7,138,766.56. The trade was a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Federated Hermes

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC increased its position in Federated Hermes by 88.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock worth $87,866,000 after purchasing an additional 1,261,097 shares during the last quarter. LSV Asset Management acquired a new position in Federated Hermes in the second quarter worth approximately $11,913,000. Assenagon Asset Management S.A. raised its position in Federated Hermes by 39.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock valued at $37,555,000 after acquiring an additional 324,958 shares in the last quarter. AXA S.A. acquired a new stake in Federated Hermes in the second quarter valued at approximately $6,200,000. Finally, Interval Partners LP grew its position in Federated Hermes by 60.4% in the first quarter. Interval Partners LP now owns 409,854 shares of the company’s stock worth $14,804,000 after acquiring an additional 154,370 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Federated Hermes Company Profile

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.