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.

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

Federated Hermes Stock Performance

Shares of FHI opened at $40.86 on Tuesday. The firm has a market cap of $3.32 billion, a PE ratio of 12.81, a P/E/G ratio of 1.00 and a beta of 1.10. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $39.00 and a 200-day moving average price of $39.46. Federated Hermes has a 12 month low of $31.24 and a 12 month high of $43.92.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. Federated Hermes had a net margin of 16.44% and a return on equity of 30.31%. Equities research analysts predict that Federated Hermes will post 4.04 earnings per share for the current fiscal year.

Insider Transactions at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at $6,950,715.76. This represents a 3.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in Federated Hermes by 53.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company’s stock valued at $52,493,000 after purchasing an additional 446,683 shares during the period. LSV Asset Management boosted its stake in shares of Federated Hermes by 48.2% during the 4th quarter. LSV Asset Management now owns 870,776 shares of the company’s stock worth $35,798,000 after acquiring an additional 283,300 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Federated Hermes by 51.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 818,408 shares of the company’s stock worth $33,645,000 after buying an additional 278,524 shares during the period. Norges Bank purchased a new stake in shares of Federated Hermes in the 4th quarter valued at approximately $10,639,000. Finally, FMR LLC lifted its stake in Federated Hermes by 4.5% in the 4th quarter. FMR LLC now owns 5,919,888 shares of the company’s stock worth $243,367,000 after acquiring an additional 253,553 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.