Federated Hermes (NYSE:FHI) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Federated Hermes (NYSE:FHI) from a buy rating to a strong-buy rating in a research report report published on Monday.

A number of other equities analysts have also recently weighed in on the company. Evercore ISI set a $44.00 price target on Federated Hermes in a report on Monday, February 3rd. Royal Bank of Canada cut their price target on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating for the company in a report on Tuesday, January 28th. UBS Group boosted their price target on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $41.00 price target (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.17.

Federated Hermes Stock Up 3.0 %

FHI opened at $38.91 on Monday. The business’s fifty day moving average is $39.01 and its two-hundred day moving average is $38.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.00 and a beta of 1.10. Federated Hermes has a one year low of $31.24 and a one year high of $43.92.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. Analysts anticipate that Federated Hermes will post 4.04 EPS for the current fiscal year.

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 3.19%. Federated Hermes’s payout ratio is currently 38.87%.

Insider Activity at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total transaction of $215,240.26. Following the completion of the sale, the chief executive officer now directly owns 179,096 shares in the company, valued at $6,950,715.76. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Several institutional investors and hedge funds have recently added to or reduced their stakes in FHI. Quarry LP acquired a new stake in Federated Hermes during the fourth quarter worth about $37,000. R Squared Ltd acquired a new stake in Federated Hermes during the fourth quarter worth about $43,000. Sound Income Strategies LLC acquired a new stake in Federated Hermes during the fourth quarter worth about $53,000. Neo Ivy Capital Management acquired a new stake in Federated Hermes during the third quarter worth about $60,000. Finally, GAMMA Investing LLC increased its stake in Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after acquiring an additional 646 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.