Federated Hermes (NYSE:FHI) Rating Increased to Buy at StockNews.com

Federated Hermes (NYSE:FHI - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.

FHI has been the topic of a number of other research reports. UBS Group cut their price target on shares of Federated Hermes from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 10th. Evercore ISI raised their target price on shares of Federated Hermes from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday. TD Cowen decreased their target price 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. Finally, JPMorgan Chase & Co. upped their price objective on Federated Hermes from $46.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Federated Hermes Trading Up 2.0 %

FHI traded up $0.72 during mid-day trading on Friday, reaching $36.89. The stock had a trading volume of 479,250 shares, compared to its average volume of 721,877. The firm's fifty day simple moving average is $34.56 and its two-hundred day simple moving average is $34.06. The stock has a market capitalization of $3.10 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.44 and a beta of 1.16. Federated Hermes has a 52 week low of $30.23 and a 52 week high of $37.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.09 and a current ratio of 2.75.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.96 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 firm had revenue of $402.60 million during the quarter, compared to analyst estimates of $400.35 million. During the same period last year, the company earned $0.81 earnings per share. The company's revenue was down 7.1% on a year-over-year basis. On average, equities analysts predict that Federated Hermes will post 3.62 EPS for the current year.

Insider Activity

In related news, VP John B. Fisher sold 79,830 shares of the business's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.71, for a total value of $2,611,239.30. Following the sale, the vice president now owns 442,570 shares of the company's stock, valued at $14,476,464.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC increased its holdings in shares of Federated Hermes by 607.7% during the first quarter. Headlands Technologies LLC now owns 828 shares of the company's stock valued at $30,000 after acquiring an additional 711 shares in the last quarter. Mather Group LLC. bought a new position in shares of Federated Hermes in the second quarter valued at $47,000. Hexagon Capital Partners LLC grew its holdings in shares of Federated Hermes by 30.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,358 shares of the company's stock valued at $49,000 after buying an additional 317 shares during the last quarter. Neo Ivy Capital Management increased its position in shares of Federated Hermes by 637.5% during the fourth quarter. Neo Ivy Capital Management now owns 1,416 shares of the company's stock worth $48,000 after acquiring an additional 1,224 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Federated Hermes by 26.0% in the 2nd quarter. UMB Bank n.a. now owns 1,436 shares of the company's stock worth $47,000 after acquiring an additional 296 shares during the last quarter. 75.94% of the stock is owned by 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.

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