Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Federated Hermes (NYSE:FHI) Stock Price

Federated Hermes (NYSE:FHI - Free Report) had its price objective increased by Deutsche Bank Aktiengesellschaft from $43.00 to $45.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently issued reports on FHI. Evercore ISI upped their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday. UBS Group upped their price target on shares of Federated Hermes from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. StockNews.com cut shares of Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Thursday. Royal Bank of Canada upped their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the company a "sector perform" rating in a report on Monday, October 28th. Finally, TD Cowen raised 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 report on Monday, October 28th. Two equities research 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, Federated Hermes presently has an average rating of "Moderate Buy" and a consensus target price of $43.33.

Federated Hermes Stock Up 2.7 %

Shares of FHI stock traded up $1.11 on Monday, hitting $42.21. The stock had a trading volume of 356,652 shares, compared to its average volume of 715,811. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 1.18 and a beta of 1.15. The stock's 50 day moving average is $37.16 and its 200-day moving average is $34.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. Federated Hermes has a 52-week low of $31.08 and a 52-week high of $42.56.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.14. The business had revenue of $408.46 million during the quarter, compared to the consensus estimate of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. As a group, research analysts expect that Federated Hermes will post 3.83 earnings per share for the current year.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.94%. Federated Hermes's dividend payout ratio (DPR) is presently 39.87%.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $39.86, for a total value of $484,378.72. Following the sale, the chief executive officer now owns 179,096 shares of the company's stock, valued at $7,138,766.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Dolores D. Dudiak sold 5,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total value of $199,450.00. Following the completion of the transaction, the vice president now owns 77,288 shares in the company, valued at $3,083,018.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the transaction, the chief executive officer now owns 179,096 shares of the company's stock, valued at $7,138,766.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Federated Hermes

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC grew its position in Federated Hermes by 607.7% in the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company's stock valued at $30,000 after buying an additional 711 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Federated Hermes by 49.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the company's stock valued at $39,000 after purchasing an additional 349 shares in the last quarter. Mather Group LLC. bought a new position in shares of Federated Hermes during the 2nd quarter valued at about $47,000. CWM LLC boosted its position in shares of Federated Hermes by 985.7% during the 2nd quarter. CWM LLC now owns 1,444 shares of the company's stock valued at $47,000 after purchasing an additional 1,311 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Federated Hermes by 26.0% during the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company's stock valued at $47,000 after purchasing an additional 296 shares in the last quarter. Institutional investors 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.