Federated Hermes (NYSE:FHI) Raised to "Strong-Buy" at StockNews.com

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

A number of other research firms have also issued reports on FHI. Evercore ISI set a $44.00 target price on shares of Federated Hermes in a research note on Monday, February 3rd. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. UBS Group boosted their price objective on Federated Hermes from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada cut their price target on Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $42.17.

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Federated Hermes Stock Down 0.3 %

Shares of FHI traded down $0.13 during trading hours on Monday, hitting $38.84. 1,066,442 shares of the company were exchanged, compared to its average volume of 732,912. 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 company has a market cap of $3.18 billion, a PE ratio of 12.18, a PEG ratio of 1.00 and a beta of 1.10. The firm's 50 day moving average is $38.91 and its 200-day moving average is $38.76. 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 announced its earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) 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, equities research analysts forecast that Federated Hermes will post 4.04 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the stock in a transaction dated Friday, February 7th. The shares were 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 owns 179,096 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. Corporate insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Federated Hermes

Several hedge funds and other institutional investors have recently modified their holdings of FHI. State of Alaska Department of Revenue raised its stake in Federated Hermes by 3.1% during the third quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company's stock worth $336,000 after acquiring an additional 275 shares in the last quarter. Radnor Capital Management LLC bought a new stake in shares of Federated Hermes in the 3rd quarter worth about $1,695,000. ABLE Financial Group LLC increased its position in shares of Federated Hermes by 23.9% during the 3rd quarter. ABLE Financial Group LLC now owns 31,144 shares of the company's stock worth $1,145,000 after purchasing an additional 6,016 shares in the last quarter. CWA Asset Management Group LLC bought a new position in Federated Hermes during the 3rd quarter valued at about $1,317,000. Finally, Meritage Portfolio Management boosted its position in Federated Hermes by 9.3% in the third quarter. Meritage Portfolio Management now owns 10,180 shares of the company's stock valued at $374,000 after buying an additional 870 shares in the last quarter. Institutional investors own 75.94% of the company's stock.

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.