StockNews.com Downgrades Federated Hermes (NYSE:FHI) to Buy

Federated Hermes (NYSE:FHI - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Friday.

Other analysts have also issued research reports about the stock. Royal Bank of Canada decreased their price target on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 28th. Evercore ISI set a $44.00 target price on shares of Federated Hermes in a research report on Monday, February 3rd. UBS Group raised their price target on shares of Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reissued an "underweight" rating and set a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $43.00 target price (down previously from $45.00) on shares of Federated Hermes in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Federated Hermes currently has a consensus rating of "Hold" and a consensus price target of $42.17.

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Federated Hermes Stock Up 2.5 %

FHI traded up $1.00 during midday trading on Friday, hitting $40.38. The company had a trading volume of 764,494 shares, compared to its average volume of 662,245. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.00 and a beta of 1.10. The stock's 50 day moving average price is $38.66 and its 200 day moving average price is $39.17. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. Federated Hermes has a 52 week low of $31.24 and a 52 week high of $43.92.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates 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 earnings per share for the current fiscal year.

Insider Transactions at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $6,950,715.76. This 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 is accessible through this link. Company insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FHI. FMR LLC raised its stake in Federated Hermes by 4.5% in the 4th quarter. FMR LLC now owns 5,919,888 shares of the company's stock valued at $243,367,000 after acquiring an additional 253,553 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Federated Hermes by 3.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,263 shares of the company's stock valued at $77,626,000 after purchasing an additional 63,664 shares during the period. Geode Capital Management LLC lifted its stake in shares of Federated Hermes by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,282,252 shares of the company's stock valued at $52,731,000 after buying an additional 32,070 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Federated Hermes by 53.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,276,898 shares of the company's stock worth $52,493,000 after buying an additional 446,683 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Federated Hermes by 19.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,045 shares of the company's stock worth $37,618,000 after buying an additional 145,878 shares during the period. Hedge funds and other 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.