Federated Hermes (NYSE:FHI) Price Target Raised to $40.00

Federated Hermes (NYSE:FHI) had its price objective upped by analysts at UBS Group from $39.00 to $40.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential downside of 0.47% from the company’s current price.

A number of other research firms also recently issued reports on FHI. JPMorgan Chase & Co. restated a “neutral” rating and set a $42.00 price target (down previously from $49.00) on shares of Federated Hermes in a research note on Tuesday, January 7th. Evercore ISI raised their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 price target (down previously from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Federated Hermes has a consensus rating of “Hold” and a consensus price target of $42.17.

Federated Hermes Stock Up 1.1 %

Shares of NYSE:FHI traded up $0.42 during trading hours on Monday, reaching $40.19. The stock had a trading volume of 277,999 shares, compared to its average volume of 706,121. 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 quick ratio of 2.03 and a current ratio of 2.70. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 1.47 and a beta of 1.16. The firm’s 50 day moving average is $40.70 and its 200-day moving average is $37.99.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share 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%. Research analysts predict that Federated Hermes will post 4.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 4,454 shares of Federated Hermes stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.38, for a total transaction of $184,306.52. Following the completion of the sale, the chief executive officer now owns 184,642 shares in the company, valued at approximately $7,640,485.96. This trade represents a 2.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were 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 owns 53,837 shares in the company, valued at approximately $2,232,620.39. This trade represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,128 shares of company stock valued at $502,042. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased 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 valued at $39,000 after purchasing an additional 349 shares during the last quarter. R Squared Ltd purchased a new stake in Federated Hermes in the 4th quarter valued at about $43,000. Sound Income Strategies LLC acquired a new position in shares of Federated Hermes during the 4th quarter valued at about $53,000. Neo Ivy Capital Management purchased a new position in shares of Federated Hermes during the 3rd quarter worth about $60,000. Finally, CWM LLC boosted its position in shares of Federated Hermes by 74.7% in the third quarter. CWM LLC now owns 2,523 shares of the company’s stock worth $93,000 after acquiring an additional 1,079 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.