StockNews.com Upgrades Federated Hermes (NYSE:FHI) to Strong-Buy

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

Several other equities analysts have also recently commented on FHI. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Evercore ISI raised their price target 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. Royal Bank of Canada raised their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Finally, UBS Group raised their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Federated Hermes Stock Up 0.0 %

NYSE FHI traded up $0.01 during trading hours on Monday, hitting $42.19. The company’s stock had a trading volume of 577,096 shares, compared to its average volume of 711,242. Federated Hermes has a 52 week low of $31.08 and a 52 week high of $42.56. The company has a market capitalization of $3.45 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.17 and a beta of 1.15. 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 company’s 50-day simple moving average is $38.09 and its two-hundred day simple moving average is $34.94.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, October 24th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.92 by $0.14. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The firm had revenue of $408.46 million for the quarter, compared to analysts’ expectations of $410.26 million. During the same quarter last year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts anticipate that Federated Hermes will post 3.88 EPS for the current fiscal year.

Insider Activity

In other news, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. The trade was a 6.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total transaction of $199,450.00. Following 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 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 have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Federated Hermes by 49.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock worth $39,000 after purchasing an additional 349 shares during the last quarter. Mather Group LLC. bought a new stake in Federated Hermes in the second quarter worth $47,000. CWM LLC lifted its stake in Federated Hermes by 985.7% in the second quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after purchasing an additional 1,311 shares during the last quarter. UMB Bank n.a. lifted its stake in Federated Hermes by 26.0% in the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock worth $47,000 after purchasing an additional 296 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Federated Hermes in the third quarter worth $60,000. 75.94% of the stock is owned by institutional investors.

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.