StockNews.com upgraded shares of Federated Hermes (NYSE:FHI – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning.

Several other research firms have also commented on FHI. Royal Bank of Canada decreased their target price on shares of Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. UBS Group upped their target price 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 target on Federated Hermes in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $41.00 price target (down previously 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 given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.17.

Read Our Latest Stock Analysis on Federated Hermes

Federated Hermes Trading Down 0.4 %

Shares of NYSE:FHI opened at $38.60 on Monday. The business’s 50 day simple moving average is $39.13 and its 200 day simple moving average is $38.69. Federated Hermes has a 1 year low of $31.24 and a 1 year high of $43.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.70 and a quick ratio of 2.03. The company has a market capitalization of $3.16 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.00 and a beta of 1.16.

Federated Hermes (NYSE:FHI – Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. On average, research analysts anticipate that Federated Hermes will post 4.04 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.21%. Federated Hermes’s payout ratio is presently 38.87%.

Insider Activity

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the completion of the transaction, the chief executive officer now directly owns 179,096 shares in the company, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in Federated Hermes in the 4th quarter valued at approximately $37,000. R Squared Ltd bought a new stake in shares of Federated Hermes in the fourth quarter worth $43,000. Sound Income Strategies LLC acquired a new stake in Federated Hermes in the fourth quarter valued at $53,000. Neo Ivy Capital Management bought a new position in Federated Hermes during the 3rd quarter worth $60,000. Finally, GAMMA Investing LLC lifted its holdings in Federated Hermes by 60.9% during the 4th quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after buying an additional 646 shares during the period. Institutional investors own 75.94% of the company’s stock.

Federated Hermes Company Profile

(Get Free Report)

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.

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