Federated Hermes (FHI) Expected to Announce Quarterly Earnings on Thursday

Federated Hermes (NYSE:FHI) is projected to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $0.96 per share and revenue of $417.63 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Federated Hermes Stock Up 1.4 %

Shares of NYSE:FHI opened at $39.35 on Wednesday. The firm has a market cap of $3.22 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. Federated Hermes has a 12-month low of $31.24 and a 12-month high of $43.92. The company has a fifty day simple moving average of $40.86 and a 200 day simple moving average of $37.84. The company has a current ratio of 2.75, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group increased their price target on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada dropped their price target on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. StockNews.com downgraded Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Federated Hermes currently has a consensus rating of “Hold” and a consensus price target of $42.17.

Insider Buying and Selling at Federated Hermes

In other Federated Hermes news, VP Paul A. Uhlman sold 6,311 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.39, for a total transaction of $261,212.29. Following the transaction, the vice president now directly owns 310,767 shares of the company’s stock, valued at $12,862,646.13. This represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 4,454 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.38, for a total value of $184,306.52. Following the sale, the chief executive officer now owns 184,642 shares of the company’s stock, valued at approximately $7,640,485.96. This trade represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,280 shares of company stock worth $986,421. 3.70% of the stock is currently owned by company insiders.

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.