UBS Group Boosts Federated Hermes (NYSE:FHI) Price Target to $40.00

Federated Hermes (NYSE:FHI - Get Free Report) had its price target boosted by analysts at UBS Group from $36.00 to $40.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective would suggest a potential upside of 4.74% from the company's current price.

Other equities research analysts also recently issued research reports about the company. StockNews.com raised Federated Hermes from a "hold" rating to a "buy" rating in a research report on Friday, October 4th. Royal Bank of Canada lifted their price objective on shares of Federated Hermes from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Friday, October 11th. Evercore ISI upped their target price on shares of Federated Hermes from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, October 4th. JPMorgan Chase & Co. raised their price target on shares of Federated Hermes from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, July 11th. Finally, TD Cowen cut their price objective on shares of Federated Hermes from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.80.

Federated Hermes Trading Down 1.5 %

Shares of FHI stock traded down $0.59 on Tuesday, reaching $38.19. 626,159 shares of the stock were exchanged, compared to its average volume of 708,920. Federated Hermes has a 1-year low of $30.23 and a 1-year high of $39.03. The stock has a market cap of $3.21 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16. The company has a quick ratio of 2.09, a current ratio of 2.75 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $35.53 and a two-hundred day moving average of $34.15.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.07. Federated Hermes had a return on equity of 28.60% and a net margin of 15.90%. The business had revenue of $402.60 million during the quarter, compared to analysts' expectations of $400.35 million. During the same quarter in the previous year, the business earned $0.81 EPS. The company's revenue for the quarter was down 7.1% on a year-over-year basis. On average, research analysts anticipate that Federated Hermes will post 3.63 EPS for the current year.

Insider Transactions at Federated Hermes

In related news, VP John B. Fisher sold 79,830 shares of Federated Hermes stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.71, for a total value of $2,611,239.30. Following the completion of the transaction, the vice president now directly owns 442,570 shares in the company, valued at approximately $14,476,464.70. This trade represents a 0.00 % 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. Insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Waldron Private Wealth LLC bought a new stake in Federated Hermes in the third quarter valued at $261,000. Blue Trust Inc. boosted its stake in Federated Hermes by 80.1% during the 3rd quarter. Blue Trust Inc. now owns 9,425 shares of the company's stock valued at $347,000 after purchasing an additional 4,193 shares during the period. Gilman Hill Asset Management LLC acquired a new stake in shares of Federated Hermes in the third quarter valued at approximately $202,000. Exchange Traded Concepts LLC boosted its position in shares of Federated Hermes by 19.0% during the third quarter. Exchange Traded Concepts LLC now owns 21,680 shares of the company's stock worth $797,000 after buying an additional 3,462 shares during the period. Finally, CWM LLC grew its holdings in Federated Hermes by 74.7% in the 3rd quarter. CWM LLC now owns 2,523 shares of the company's stock worth $93,000 after buying an additional 1,079 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

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.