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

Federated Hermes (NYSE:FHI) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

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

Federated Hermes Stock Performance

Shares of Federated Hermes stock opened at $42.86 on Tuesday. Federated Hermes has a 52 week low of $31.08 and a 52 week high of $43.23. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $39.11 and its two-hundred day moving average is $35.38. The company has a market capitalization of $3.51 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.19 and a beta of 1.15.

Federated Hermes (NYSE:FHI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) 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 business had revenue of $408.46 million for the quarter, compared to the consensus estimate of $410.26 million. During the same quarter in the prior year, the company earned $0.86 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. As a group, analysts expect that Federated Hermes will post 3.88 earnings per share for the current year.

Insider Buying and Selling at Federated Hermes

In related news, insider Richard A. Novak sold 1,363 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total transaction of $56,523.61. Following the completion of the transaction, the insider now directly owns 53,837 shares of the company’s stock, valued at $2,232,620.39. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Paul A. Uhlman sold 6,311 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.39, for a total value 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. The trade was a 1.99 % 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. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FHI. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federated Hermes in the 3rd quarter valued at about $113,000. Sanctuary Advisors LLC acquired a new stake in shares of Federated Hermes in the 3rd quarter valued at about $475,000. Passumpsic Savings Bank purchased a new stake in Federated Hermes during the 3rd quarter valued at approximately $206,000. Hohimer Wealth Management LLC purchased a new stake in Federated Hermes during the 3rd quarter valued at approximately $228,000. Finally, Neo Ivy Capital Management purchased a new stake in Federated Hermes during the 3rd quarter valued at approximately $60,000. 75.94% of the stock is 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.