Federated Hermes (NYSE:FHI) PT Raised to $40.00 at UBS Group

Federated Hermes (NYSE:FHI) had its target price upped by stock analysts at UBS Group from $36.00 to $40.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 5.19% from the company’s current price.

Several other brokerages also recently weighed in on FHI. TD Cowen lowered their target price on shares of Federated Hermes from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, July 29th. StockNews.com raised Federated Hermes from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. upped their target price on Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Evercore ISI increased their price target on Federated Hermes from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada boosted their price target on Federated Hermes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Federated Hermes has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

Federated Hermes Price Performance

Shares of FHI stock opened at $38.03 on Tuesday. The company has a market cap of $3.20 billion, a P/E ratio of 10.80, a PEG ratio of 1.41 and a beta of 1.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.75 and a quick ratio of 2.09. The stock’s 50-day moving average is $35.63 and its 200 day moving average is $34.18. Federated Hermes has a 1-year low of $30.23 and a 1-year high of $39.03.

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. The business had revenue of $402.60 million for the quarter, compared to analysts’ expectations of $400.35 million. Federated Hermes had a net margin of 15.90% and a return on equity of 28.60%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. Research analysts predict that Federated Hermes will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Federated Hermes news, VP John B. Fisher sold 79,830 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.71, for a total transaction of $2,611,239.30. Following the sale, the vice president now owns 442,570 shares in the company, valued at approximately $14,476,464.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by company insiders.

Institutional Trading of Federated Hermes

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC lifted its position in Federated Hermes by 607.7% during the first quarter. Headlands Technologies LLC now owns 828 shares of the company’s stock valued at $30,000 after purchasing an additional 711 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Federated Hermes by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company’s stock valued at $39,000 after buying an additional 349 shares during the period. Mather Group LLC. purchased a new stake in shares of Federated Hermes in the second quarter worth about $47,000. CWM LLC grew its holdings in Federated Hermes by 985.7% during the second quarter. CWM LLC now owns 1,444 shares of the company’s stock worth $47,000 after acquiring an additional 1,311 shares during the period. Finally, UMB Bank n.a. raised its position in Federated Hermes by 26.0% during the second quarter. UMB Bank n.a. now owns 1,436 shares of the company’s stock valued at $47,000 after acquiring an additional 296 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.