Federated Hermes' (FHI) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Federated Hermes (NYSE:FHI - Free Report) in a research note released on Wednesday morning, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a $43.00 price objective on the stock, down from their previous price objective of $45.00.

Several other research analysts have also recently issued reports on the stock. UBS Group raised their target price on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. TD Cowen upgraded Federated Hermes from a "hold" rating to a "buy" rating and lifted their price objective for the company from $35.00 to $46.00 in a research note on Monday, October 28th. StockNews.com downgraded Federated Hermes from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $42.00 price target (down from $49.00) on shares of Federated Hermes in a research report on Tuesday. Finally, Royal Bank of Canada upped their price objective on Federated Hermes from $36.00 to $39.00 and gave the stock a "sector perform" rating in a research report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Federated Hermes currently has a consensus rating of "Hold" and a consensus target price of $42.17.

Federated Hermes Stock Performance

Shares of NYSE FHI traded up $0.06 during mid-day trading on Wednesday, hitting $39.32. The stock had a trading volume of 593,580 shares, compared to its average volume of 638,476. The company has a 50 day moving average of $41.65 and a two-hundred day moving average of $37.30. Federated Hermes has a twelve month low of $31.24 and a twelve month 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 2.75. The firm has a market cap of $3.22 billion, a PE ratio of 12.64, a PEG ratio of 1.19 and a beta of 1.15.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.14. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. The firm had revenue of $408.46 million during the quarter, compared to analysts' expectations of $410.26 million. During the same period last year, the business posted $0.86 earnings per share. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. Research analysts predict that Federated Hermes will post 3.88 EPS for the current fiscal year.

Federated Hermes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.15%. Federated Hermes's dividend payout ratio is currently 39.87%.

Insider Activity

In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company's 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 in the company, valued at $7,138,766.56. This represents a 6.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard A. Novak sold 1,363 shares of the firm'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 directly owns 53,837 shares in the company, valued at $2,232,620.39. This represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,280 shares of company stock worth $1,185,871 over the last three months. 3.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Federated Hermes

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake 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 purchasing an additional 646 shares during the last quarter. DGS Capital Management LLC boosted its position in Federated Hermes by 4.7% during the third quarter. DGS Capital Management LLC now owns 20,715 shares of the company's stock worth $762,000 after acquiring an additional 931 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Federated Hermes during the 3rd quarter valued at about $113,000. Sanctuary Advisors LLC acquired a new stake in Federated Hermes in the 3rd quarter valued at about $475,000. Finally, Passumpsic Savings Bank purchased a new position in Federated Hermes in the 3rd quarter worth approximately $206,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

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.